Softbank Group Corp. · TSE:9984
Softbank — Q3 FY2012 Earnings Presentation
88 slides from Softbank's earnings presentation, Jan 31, 2013
Slide 1: Earnings Results for the Nine-month Period Ended December 31, 2012
Earnings Results for the Nine-month Period Ended December 31, 2012 January 31, 2013 SoftBank Corp.
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements This document includes “forward-looking statements” within the meaning of the securities laws. The words “may,” “could,” “should,” “estimate,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “target,” “plan,” “providing gu
Slide 3: Highlights
Highlights 1. Exceeded JPY 600bn operating income (13% increase) 2. Achieved 40 million lines target 2
Slide 4: Consolidated Earnings Results
Consolidated Earnings Results 3
Slide 5: Net Sales: Record high for 3 consecutive periods
Net Sales 2.5 2.4 (JPY t) Record high for 3 consecutive periods 5% increase 3 Telecommunications businesses (Mobile Communications, Broadband Infrastructure, Fixed-line Telecommunications) Internet Culture (Yahoo Japan, etc.) Others 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3
Slide 6: EBITDA: Record high for 9 consecutive periods
EBITDA 890.5 (JPY bn) 776.0 Record high for 9 consecutive periods 15% increase 3 Telecommunications businesses (Mobile Communications, Broadband Infrastructure, Fixed-line Telecommunications) Internet Culture (Yahoo Japan, etc.) Others 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q
Slide 7: Operating Income: Record high for 8 consecutive periods
Operating Income 600.1 (JPY bn) 532.7 Surpassed JPY600 billion Record high for 8 consecutive periods 13% increase 3 Telecommunications businesses (Mobile Communications, Broadband Infrastructure, Fixed-line Telecommunications) Internet Culture (Yahoo Japan, etc.) Others 0 2003 ’04 ’05 ’06 ’07 ’08 ’0
Slide 8: Closing in on DOCOMO
Operating Income (JPY bn) NTT DOCOMO 702.1 600.1 SoftBank KDDI Closing in on 395.5 DOCOMO *Created by SoftBank based on respective companies’ publicly 2005 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) available information. Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 7
Slide 9: Substantial growth
Operating Income Substantial Growth Rate (YoY) +13% growth +3% (6%) *April to December (9-month period) NTT DOCOMO KDDI SoftBank *Created by SoftBank based on respective companies’ publicly available information. 8
Slide 10: No.1 profitability
(%) Operating Margin 25 24% SoftBank NTT DOCOMO 20 21% No.1 profitability 15 15% KDDI 10 *Created by SoftBank based on respective companies’ publicly 2006 ’07 ’08 ’09 ’10 ’11 ’12 (FY) available information. Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 9
Slide 11: No.1 profitability
(%) Operating Margin 25 24% SoftBank 20 20% AT&T 19% Verizon No.1 profitability 15 *April to December (9-month period for Japanese companies) January to September (9-month period for US companies) 10 *Created by SoftBank based on respective companies’ publicly 2006 ’07 ’08 ’09 ’10 ’11 ’12 (FY) avail
Slide 12: Mobile EBITDA Margin
(%) Mobile EBITDA Margin 55 52% SoftBank 50 47% Verizon 45 44% NTT DOCOMO 40 41% 40% AT&T No.1 35 in both 30 KDDI Japan & US *Created by SoftBank based on respective companies’ publicly available information. *April to March (for Japanese companies) 25 January to December (for US companies) Mobile E
Slide 13: Ordinary Income: Record high for 4 consecutive periods
Ordinary Income (JPY bn) 529.4 Record high for 443.9 4 consecutive periods 19% increase 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 12
Slide 14: Net Income: Steady growth
Net Income (JPY bn) 250.0 17.1 235.3 44.7 Steady growth Impact from IPO of Renren Inc. and others Impact from sales of Yahoo! Inc. shares in US 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 13
Slide 15: Summary of Consolidated Earnings Results
Summary of Consolidated Earnings Results (JPY bn) FY11/Q3 FY12/Q3 Increment YoY (Apr. - Dec. 2011) (Apr. - Dec. 2012) Sales 2,398.1 2,509.7 111.5 105% EBITDA 776.0 890.5 114.4 115% Operating Income 532.7 600.1 67.3 113% Ordinary Income 443.9 529.4 85.4 119% Net Income 250.0 235.3 (14.7) 94% 14
Slide 16: Operating Cash Flow: Steady progress
Operating Cash Flow (JPY bn) 595.3 525.9 507.4 Steady progress 469.1 270.7 57.2 2007 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 15
Slide 17: Cash Flow
Cash Flow (JPY bn) FY11/Q3 FY12/Q3 (Apr. - Dec. 2011) (Apr. - Dec. 2012) Operating Cash Flow 507.4 595.3 Free Cash Flow 236.7 (150.7) 1) Sales of Yahoo! Inc. shares +57.1 - 2) Investment in convertible bond of Sprint - (249.3) 3) CAPEX payment (357.6) (432.7) 16
Slide 18: Net Interest-bearing Debt: Maintain appropriate level
(JPY t) Net Interest-bearing Debt Maintain 2.2 2.0 2.0 1.7 1.4 appropriate 0.86 level 0.7 Bridge financing related to 0.25 proposed acquisition of Sprint CB 0.61 Press release from December 17, 2012) *Refer to the press release issued on December 17, 2012 2006 ’07 ’08 ’09 ’10 ’11 ’12 (CY) *Excluding
Slide 19: Net Debt/EBITDA Multiple: Maintain appropriate level
(times) Net Debt/EBITDA Multiple 5.0 4.4x Maintain 4.0 appropriate 3.0 level 2.0 1.0 0.7x 0 *Excluding finance leases. 2006 ’07 ’08 ’09 ’10 ’11 ’12 (CY) Net interest-bearing debt for each period-end/EBITDA of respective period For FY2012, calculated 4/3 of EBITDA from Q1 to Q3. Dec. Dec. Dec. Dec. D
Slide 20: Net Debt/EBITDA Multiple: Including lease obligations
(times) Net Debt/EBITDA Multiple 5.0 4.8x Maintain 4.0 appropriate 3.0 level 2.0 1.3x Including lease obligations 1.0 0 *Including finance leases. 2006 ’07 ’08 ’09 ’10 ’11 ’12 (CY) Net interest-bearing debt for each period-end/EBITDA of respective period For FY2012, calculated 4/3 of EBITDA from Q1
Slide 21: Sprint Acquisition (1)
Sprint Acquisition (1) JPY 0.25t Facility A: Acquisition of Sprint CB (Drawdown in Dec. 2012) USD 20.1bn Facility B: (JPY1.65t) Acquisition of Sprint JPY 1.4t (Drawdown at the time of acquisition) Financing to complete acquisition is available SoftBank Bridge Loan Investment *Refer to the press rele
Slide 22: Sprint Acquisition (2): FX risk hedged
95 Sprint Acquisition (2) (JPY) USD-JPY Exchange Rate JPY 91 (Jan. 30, 2013) FX risk hedged 90 for full amount 85 Forward exchange rate Average JPY 82.2 80 10/15 Sprint acquisition announced *Final exchange rate will be determined on the Sprint acquisition closing date. 75 2012/10/1 11/1 12/1 2013/1
Slide 23: No change in dividend policy
FY2012 Dividend Policy Dividend per Share FY11 FY12 (JPY) Interim 20 Year-end 40 20 (plan) Annual dividend 40 40 (plan) No change in dividend policy 22
Slide 24: Adoption of IFRS along with Sprint acquisition
Adoption of International Financial Reporting Standards (IFRS) along with Sprint acquisition (From FY2013/Q1) 23
Slide 25: Status of Business in Japan
Status of Business in Japan 24
Slide 26: Surpassed 40 million in Japan
Subscribers 40.56m (m) Surpassed 40 million in Japan (Target announced Oct. 2010) 15.22m 10m Apr. 2006 Dec. 2012 25
Slide 27: No.1 in net additions
Net Additions No.1 in net (Apr. - Dec. 2012) 2.37m 1.71m additions 0.86m NTT au DOCOMO (KDDI) SoftBank *Created by SoftBank based on respective companies’ publicly available information. 26
Slide 28: No.1 in net additions for 5 consecutive years
Annual Net Additions Ranking 2008 2009 2010 2011 2012 1 2 NTT DOCOMO NTT DOCOMO NTT DOCOMO NTT DOCOMO au (KDDI) 3 au (KDDI) au (KDDI) au (KDDI) au (KDDI) NTT DOCOMO No.1 in net additions for 5 consecutive years *Created by SoftBank based on respective companies’ publicly available information. 27
Slide 29: Exceeded au (KDDI) iPhone 5
Cumulative Sales of iPhone 5 20,000 (Indexed at October 1, 2012 = 100) Exceeded au (KDDI) SoftBank 15,000 iPhone 5 10,000 5,000 au (KDDI) 1000 Oct. 2012 Nov. Dec. Jan. 2013 *Survey on cumulative sales at major electronic retailers by external research company 28
Slide 30: ARPU: Unique increasing trend
(JPY) 9,000 ARPU 8,480 (FY01~12) 8,080 7,500 7,600 Unique increasing trend 6,000 NTT DOCOMO au (KDDI) 4,430 4,500 4,370 4,220 *Excluding communication modules. Created by SoftBank based on respective companies’ publicly available information. Communication ARPU for personal segment for au in FY2012.
Slide 31: Mobile Telecom Service Revenue: Steady growth
Mobile Telecom Service Revenue (JPY bn) 1,174.9 Steady growth 1,080.1 956.4 766.5 778.6 844.7 9% increase 2007 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 30
Slide 32: Significant growth in data
Mobile Telecom Service Revenue Significant (JPY bn) 477.0 etc. growth in Voice revenue, 481.0 483.6 data 468.8 479.3 547.3 Data revenue +17% 697.8 596.5 475.4 375.8 299.2 219.2 2007 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 31
Slide 33: Exceptional momentum
Mobile Service Revenue Growth Rate (YoY) +9% Exceptional momentum (2%) (4%) NTT DOCOMO au (KDDI) SoftBank *April to December (9-month period) *Created by SoftBank based on respective companies’ publicly available information. Communication ARPU of personal segment for au’s. 32
Slide 34: Mobile EBITDA Margin: Improved dramatically
Mobile EBITDA Margin (%) 55 52% 50 Improved dramatically 45 40 38% 35 profitability 2x) 30 27% 25 2002 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) *Mobile EBITDA Margin = Mobile EBITDA/Mobile telecom service revenue (Q1-3) 33
Slide 35: Global No.1 Mobile EBITDA Margin
Mobile EBITDA Margin SoftBank 52% China Mobile 49% Verizon 47% Global NTT DOCOMO 44% AT&T 40% TeliaSonera 29% No.1 *Mobile EBITDA Margin = Mobile EBITDA/Mobile telecom service revenue 15% Comparison limited to operators disclosing mobile telecom service revenue and mobile EBITDA. YTD 34
Slide 36: Mobile Operating Income post-acquisition
Mobile Operating Income x 389.9 (JPY bn) 346.4 post-acquisition 57.2 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 35
Slide 37: Comprehensive Winner
Comprehensive Winner Net Additions ARPU Telecom Service Revenue 2.37m (JPY) 9,000 JPY 8,480 +9% JPY 8,080 1.71m 7,500 JPY 7,600 6,000 NTT DOCOMO 0.86m au (KDDI) 4,500 JPY 4,430 JPY 4,370 (2%) JPY 4,220 SoftBank (4%) 3,000 NTT au 2001 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) NTT au SoftBank D
Slide 38: WILLCOM Subscribers: Record high
WILLCOM Subscribers 5.19m Record (m) 5.0 4.5 high 4.0 3.77m 3.5 3.0 May 2009 Dec. 2010 Dec. 2012 *PHS+3G 37
Slide 39: Fixed-line Operating Income: High profitability
Fixed-line Operating Income (JPY bn) 71.1 81.1 High profitability increased 14% YoY) 0 (67.6) 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 *Including Broadband Infrastructure business 38
Slide 40: Fixed-line Operating Income Growth: Global No.1
Fixed-line Operating Income Growth Rate SoftBank SB 14% British BT 5.3% Telecom AT&T 2.1% BCE -5.4% Global NTT -6.0% No.1 39 *SoftBank includes Broadband Infrastructure Business, while AT&T and BCE represents Wireline segment, and NTT represents Regional Communications segment. *Created by SoftBank
Slide 41: Global No.1 in 2012: Google Apps for Business
No. of Acquired Google Apps for Business (cumulative) Global No.1 exceeds 400k in 2012 300k 8k Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY2012 * Global No.1: latest Google Apps for Business actual sales results in 2012 FY2011 40
Slide 42: Yahoo Japan Operating Income: Record high since inception
Yahoo Japan Operating Income 135.4 (JPY bn) 121.2 Record high since inception Accelerated profit growth 2002 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 41
Slide 43: Google Play Global Top Sales Ranking
Google Play Global Top Sales Ranking SoftBank’s voting rights 33.7% Rank Company/Game Android 1 GungHo Online Entertainment Inc. Puzzle & Dragons Global No.1 Japan No.1 on iPhone Next Floor 2 DragonFight for Kakao NHN 3 LINE POP SUNDAYTOZ 4 Anipang for Kakao PATISTUDIO 5 for Kakao *Sales in December
Slide 44: Device Sales/Brand Content
Device Sales/Brand Content Overcame hurdles, enhanced competitiveness 43
Slide 45: Tackle the Last Hurdle
Tackle the Last Hurdle 44
Slide 46: Connect Anywhere
ouuae Connect Anywhere 45
Slide 47: Speed × Connectivity
Network Satisfaction Speed × Connectivity voice & data 46
Slide 48: Speed × Connectivity
Network Satisfaction Speed × Connectivity voice & data 47
Slide 49: National Speed Survey by RBB
National Speed Survey by RBB Subscribers from each operator (Measurement Method) used the app to measure speed 10Mbps 15Mbps 20Mbps 5km DOCOMO au SoftBank Judged the fastest 5km (KDDI) operator (Source) RBB TODAY press release (Jan. 23, 2013) Approx. 1.5m national samples Measured period Oct. 1 - De
Slide 50: No. of Spots Counted as Fastest
No. of Spots Counted as Fastest (iOS+Android) au NTT DOCOMO 942spots No.1 fastest spots 1,483spots SoftBank 5,721spots (Source) RBB TODAY survey (Jan. 23, 2013) 49
Slide 51: Average Speed: Fastest
Average Speed (iOS+Android) 6.0Mbps 3.0Mbps 3.9Mbps Fastest NTT DOCOMO au (KDDI) SoftBank (Source) RBB TODAY survey (Jan. 23, 2013) 50
Slide 52: Average LTE Speed: 2x au
Average LTE Speed (iOS) 11.5Mbps Approx. 2x au (KDDI) 6.2Mbps au (KDDI) SoftBank (Source) RBB TODAY survey (Jan. 23, 2013) 51
Slide 53: Third-party LTE Survey
Third-party LTE Survey Kanto survey (349 spots) 206 spots 152 spots Nation-wide landmarks (200 spots) 180 spots 126 spots Shinkansen reception (291 spots) 217 spots 103 spots Popular cities (300 spots) 242 spots 205 spots Source: Kakaku.com iPhone 5 speed survey (Kanto 349 spots/ Nov. 8 - 20, 2012)
Slide 54: Speed × Connectivity
Network Satisfaction Speed × Connectivity voice & data 53
Slide 55: Platinum Band
Platinum Band 54
Slide 56: Video
Video 55
Slide 57: Platinum Band Base Stations
Platinum Band (Base Platinum Band Base Stations stations, k) 16k Target in FY2012 (submitted plan) 15 10 5 0 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 2012 2013 56
Slide 58: Achieved 2 months ahead of schedule
Platinum Band (Base Platinum Band Base Stations stations, k) 16k Exceeded 16k Target in FY2012 Achieved 2 months ahead (submitted plan) 15 of schedule 10 5 0 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 2012 2013 57
Slide 59: Call Connection Rate
Call Connection Rate 58
Slide 60: Call Connection Rate: 130k call data / month
Call Connection Rate Users of different operators Research company’s (agreed to participate in the survey) calling system Call 130k call data / month 59
Slide 61: Call Connection Rate: Major improvement
99 Platinum Band (%) Call Connection Rate (Japan) SoftBank (iPhone) au (iPhone) 98.4% 98.3 98 98.0 Major NTT DOCOMO (Android) improvement 97.3% 97 *Surveyed by IPSOS. Actual connection rate on calls made 96 to unspecified users who agreed to participate in the survey. 2012/7/24 1/29 SoftBank: iPhone
Slide 62: Call Connection Rate by Region: Major improvement
Tokai Platinum Band Call Connection 100 (%) Rate Major SoftBank 99.2 improvement 99 NTT DOCOMO 98.5 au (KDDI) 98.1 98 Kansai Kanto (%) 100 99 (%) 97 SoftBank 7/24 1/29 SoftBank 98.2 99 98.9 98.1 98 au (KDDI) au (KDDI) NTT 98.2 DOCOMO 98 97.6 NTT DOCOMO 97 98.0 97 *Surveyed by IPSOS. Actual connectio
Slide 63: Data Connection Rate
Data Connection Rate ° ; \ % ; ® 62
Slide 64: Data Connection Rate
Data Connection Rate Users agreed to provide data to the app (Disaster warning app, etc.) Data communication log (excl. personal info) Data source: Yahoo Japan Corporation Analyze approx. 30m data communication logs per month 63
Slide 65: Platinum Band Data Connection Rate
Platinum Band Data Connection Rate (%) (Nation-wide Platinum Band smartphones) 98 97.3% SoftBank 97 96.9 96 NTT DOCOMO au (KDDI) 95.9 No.1 data connection rate 95 *Data source: Yahoo Japan Corporation Data aggregated through the disaster warning app, 94 etc. provided by Yahoo Japan with users’ appro
Slide 66: Data Connection Rate by Region
(%) Hokkaido (%) Tohoku (%) Hokuriku Platinum Band 100 99 100 SoftBank Data Connection 98.6 98.0 97.2 98.4 97 96.7 95.7 97 98 98.0 Rate 97.0 No.1 95.6 94 95 96 1/11 1/29 1/11 1/29 1/11 1/29 Kanto Tokai Tokai Kansai (%) (%) (%) 98 98 98 97.4 96.9 data 97.2 97.1 95.9 96.8 95.9 97 97 95 connection 95 1
Slide 67: One day we will have a better network than DOCOMO
One day we will have a better network than DOCOMO. It will take some time but my pride will not allow me to fail. Sept. 23, 2010 - 14:34 66
Slide 68: We are not satisfied yet!
We are not satisfied yet! 67
Slide 69: Accelerated construction
Platinum Band (Base Platinum Band Base Stations stations, k) 40 Submitted plan to MIC 36k 30 Accelerated construction 20 Jan. 2013 exceeds16k 10 0July Mar. Mar. Mar. 2012 2013 2014 2015 68
Slide 70: 1.7GHz made LTE compatible
1.7GHz made LTE compatible (Coming soon) iPhone 5 iPad mini iPad with Retina Display 69
Slide 71: Connect Anywhere with SoftBank
Connect Anywhere with SoftBank 70
Slide 72: FY2012 Forecast: Exceed JPY 700 billion
FY2012 (Forecast) Domestic Consolidated Operating Income Exceed JPY 700 billion (USD 7.7bn) 71
Slide 73: FY2013 Forecast: JPY 800 billion
FY2013 (Forecast) Domestic Consolidated Operating Income (Japan-GAAP) JPY 800 billion (USD 8.8bn) 72
Slide 74: Operating Income: Stable growth
Operating Income (JPY bn) NTT DOCOMO (Japan) 820.0 800.0 SoftBank (USD 8.8bn) KDDI 505.0 Stable growth *Created by SoftBank based on respective companies’ publicly 0 available information. 2005 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) (forecast) 73
Slide 75: FY2013 Forecast: Approx. JPY 700 billion
FY2013 (Forecast) Consolidated Operating Income Including Overseas Business (IFRS) Approx. JPY 700 billion (USD 7.7bn) 74
Slide 76: FY2014 Forecast: Record High Profit
FY2014 (Forecast) Consolidated Operating Income Including Overseas Business (IFRS) Record High Profit 75
Slide 77: Next challenge is in the US
Next challenge is in the US 76
Slide 78: Sprint ZB
Sprint ZB
Slide 79: Smartphones, Network, Turnaround track record
+ 1. Smartphones 2. Network 3. Turnaround track record Synergies enhance competitiveness 78
Slide 80: Economies of scale with No. 3 position
+ (m) Number of Smartphones Sold 28.8 26.9 Economies of scale 21.7 with No. 3 position in Japan & US 8.8 5.6 Verizon AT&T SoftBank NTT KDDI *Verizon & AT&T: FY2012 results. *Others: FY2011 results. Sprint DOCOMO 79
Slide 81: Economies of scale with No. 2 position
+ (USD bn) Mobile CAPEX 20.6 Economies of scale 13.3 with No. 2 position 10.8 10.1 8.9 8.4 3.5 *SoftBank + Sprint: FY2012 forecast China Mobile SoftBank AT&T Vodafone Verizon NTT KDDI Verizon: FY2012 actual results Sprint (Consolidated) DOCOMO Others: FY2011 results *Created by SoftBank based on res
Slide 82: Proven turnaround track record
92.3bn 429.2bn 5.19m 3.77m $76.3bn 105.8bn 2000 ’11 2002 ‘11 (FY) (FY) May 2009 Dec. 2012 Proven turnaround track record 81
Slide 83: Turnaround begins
Mobile EBITDA Margin (%) (%) 60 52% 60 Turnaround 40 38% 27% 40 36% begins 20 20 16% 2002 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 (FY) 2006 ’07 ’08 ’09 ’10 ’11 ’12 (FY) (Q1-3) YTD *Mobile EBITDA Margin = Mobile EBITDA/Mobile Telecom Service Revenue 82
Slide 84: Promote Mutual Understanding
Promote Mutual Understanding 83
Slide 85: 84
84
Slide 86: Summary
Summary 1. Domestic operating income: JPY 800 billion (USD 8.8bn) (FY2013) 2. Connect anywhere 3. Drive growth with overseas opportunities 85
Slide 87: SoftBank
SoftBank
Slide 88: Application of accounting standard and definition of terms
1. Application of accounting standard for disclosure on segments The “Accounting Standard for Disclosures about Segments of an Enterprise and Related Information” and related “Guidance on the Accounting Standard for Disclosures about Segments of an Enterprise and Related Information” are applied fro