Softbank Group Corp. · TSE:9984

Softbank — Q1 FY2013 Earnings Presentation

97 slides from Softbank's earnings presentation, Jul 30, 2013

  1. Slide 1: Earnings Results for the Three-month Period Ended June 30, 2013

    Earnings Results for the Three-month Period Ended June 30, 2013 July 30, 2013 SoftBank Corp.

  2. Slide 2: Disclaimer

    Disclaimer This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”. Forward-looking statements are by t

  3. Slide 3: Become the global No.1 company

    Become the global No.1 company. Build a company growing for the next 300 years. June 21, 2013 2

  4. Slide 4: 3

    3

  5. Slide 5: Build a company growing for the next 300 years

    Build a company growing for the next 300 years. 4

  6. Slide 6: Toward No.1 in Japan

    Chapter 1 (from 1981) Toward No.1 in Japan 5

  7. Slide 7: Toward No.1 in Japan: EBIT

    EBIT (Operating Income) Exceed JPY 1t JPY 840.0bn Toward No.1 in Japan 0 2005 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) (plan) 6

  8. Slide 8: Toward Global No.1

    Chapter 2 (from 2013) Toward Global No.1 7

  9. Slide 9: Entering US Market

    Dawn of Chapter 2 (July 2013) Entering US Market 8

  10. Slide 10: Consolidated Earnings Results

    Consolidated Earnings Results 9

  11. Slide 11: Highlights

    Highlights 1. Record high EBIT (operating income) for 8 consecutive periods (92% increase) 2. Net income grew 2.3x (JPY 238.3bn) Net income: net income attributable to owners of the parent 10

  12. Slide 12: Net Sales

    Net Sales 881.1 (JPY bn) 764.2 Record High 725.9 JPY 881.1bn 21% increase 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Japanese-GAAP IFRS 11

  13. Slide 13: EBITDA

    EBITDA 345.2 (JPY bn) Record high for 254.2 280.7 10 consecutive periods JPY 345.2bn 23% increase 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Japanese-GAAP IFRS 12

  14. Slide 14: EBIT (Operating Income)

    (JPY bn) EBIT (Operating Income) 391.0 Record high for One-time gain from making GungHo a subsidiary, etc. 149.1 8 consecutive periods 241.9 203.3 175.8 JPY 391.0bn 92% increase 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Japanese-GAAP IFRS 13

  15. Slide 15: EBIT: Completely Outpaced

    EBIT 391.0 (JPY bn) (Operating Income) Completely Outpaced 247.5 (US-GAAP) 0 2005 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 *Created by SoftBank Corp. based on respective companies’ publicly available information. Japanese-GAAP IFRS 14

  16. Slide 16: EBIT Growth Rate (YoY)

    EBIT (Operating Income) Growth Rate (YoY) +92% Significant Growth - 6% *Created by SoftBank Corp. based on respective companies’ publicly available information. 15

  17. Slide 17: Net Income

    Net Income (JPY bn) Net income attributable to owners of the parent 238.3 Record High JPY 238.3bn 94.7 105.6 2.3x 0 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Japanese-GAAP IFRS 16

  18. Slide 18: Summary of Consolidated Earnings Results

    Summary of Consolidated Earnings Results (JPY bn) FY12/Q1 FY13/Q1 Change YoY Net sales 725.9 881.1 155.1 121% EBITDA 280.7 345.2 64.4 123% EBIT 203.3 391.0 187.7 192% (Operating income) Net income 105.6 238.3 132.7 226% (Net income attributable to owners of the parent) 17

  19. Slide 19: Cash Flow

    Cash Flow (JPY bn) FY12/Q1 FY13/Q1 Operating cash flow 117.8 2.2 Tax payment - 124.7 - 256.3 (JPY 51.5bn to be recovered in Q2) Free cash flow - 59.0 - 243.8 CAPEX - 126.9 - 182.3 18

  20. Slide 20: Maintaining Appropriate Level

    Net Interest-bearing Debt/ (times) EBITDA Multiple 7 6.2x (At peak level) 6 Maintaining 5 Appropriate 4 3 Level 2 1.8x 1 1.5x 1.2x IFRS Japanese-GAAP (including leases) 0 2006 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (At the end of June each year) EBITDA: Q1 EBITDA x 4 EBITDA for 2012 and 2013 are calculated und

  21. Slide 21: Promptly return to lower level

    Net Interest-bearing Debt/ (times) EBITDA Multiple 7 6.2x (At peak level) 6 5 Promptly return to lower level (At completion of Sprint acquisition) 4 3.3x 3 2 1.8x 1 1.5x 1.2x IFRS Japanese-GAAP (including leases) 0 2006 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (At the end of June each year) EBITDA: Q1 EBITDA x 4

  22. Slide 22: Net Interest-bearing Debt/EBITDA Multiple

    Net Interest-bearing Debt/EBITDA Multiple (Major companies in Japan) Mitsubishi 16.1x Mitsubishi Estate 9.9x Mitsui Fudosan 9.8x Nippon Steel 7.9x & Sumitomo Metal Mitsui & Co. 6.1x Toyota Motor 4.5x East Japan Railway 4.5x Central Japan Railway 3.9x NISSAN MOTOR 3.9x SoftBank (Pro-forma at completi

  23. Slide 23: Enhance shareholder return through continued interim dividend payments

    Dividend per Share 2012/3 2013/3 2014/3 (plan) Interim dividend - JPY 20 JPY 20 Year-end dividend JPY 40 JPY 20 JPY 20 Annual dividend JPY 40 JPY 40 JPY 40 Enhance shareholder return through continued interim dividend payments 22

  24. Slide 24: Domestic Communications Business

    Domestic Communications Business 23

  25. Slide 25: Net Additions: Record high for 4 consecutive periods

    Net Additions 810k 700k 730k 750k Record high for 4 consecutive periods 320k 2009 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 24

  26. Slide 26: Net Additions (April - June 2013)

    Net Additions (April - June 2013) 950 k EMOBILE Overwhelmingly WILLCOM No.1 810k 670k 90k *Created by SoftBank Corp. based on respective companies’ publicly available information. 25

  27. Slide 27: Subscribers: Steady Growth

    Subscribers 42.83mil Steady Growth 15.22mil 10mil Apr. 2006 June 2013 26

  28. Slide 28: Subscribers: Completely Outpaced

    (mil) Subscribers 98.04mil 100 (as of March 2013) 75 Completely 61.62mil Outpaced 50 25 0 Created by SoftBank Corp. based on respective companies’ publicly available information. 2006 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 27

  29. Slide 29: ARPU: Steady Trend

    ARPU (JPY) 5,900 6,000 5,890 5,500 Steady Trend 5,000 4,610 4,430 4,500 4,460 4,370 4,000 *Excluding communication modules. Created by SoftBank Corp. based on respective companies’ publicly available information. *Total of voice ARPU and data ARPU for NTT DOCOMO’s FY2011-FY2013. 3,500 Including smar

  30. Slide 30: Mobile Service Revenue

    Mobile Service 480.4 Revenue (JPY bn) 347.5 374.9 Steady Growth 307.5 254.8 270.5 28% increase *Including impact of JPY 71.0bn of newly consolidated subsidiaries from FY2013/Q1. (GungHo, eAccess, etc.) 2008 ’09 ’10 ’11 ’12 ’13 *FY2008-2011: mobile telecom service revenue of SoftBank Mobile Q1 Q1 Q1

  31. Slide 31: Mobile Service Revenue Growth Rate

    Mobile Service Revenue Growth Rate SoftBank +28% Verizon +8% Global Bharti Airtel (2012/Q4) +7% +6% No.1 China Mobile au +5% AT&T +4% NTT DOCOMO -2% *Created by SoftBank Corp. based on respective companies’ publicly available information. (Year to date) Telecom service revenue (mobile) of personal s

  32. Slide 32: Mobile EBITDA Margin

    Mobile EBITDA Margin 55% 53% 45% Significant 38% Improvement 35% 31% 25% (FY) *FY2006-2011: Mobile Communications business EBITDA divided by SoftBank Mobile’s telecom service revenue. ’2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 FY2012-2013: Domestic Mobile Communications business EBITDA divided by

  33. Slide 33: Mobile EBITDA Margin: Global No.1

    Mobile EBITDA Margin SoftBank 53% Verizon 50% NTT DOCOMO 47% China Mobile 45% AT&T 43% Global Bharti Airtel (2012/Q4) 31% No.1 *Created by SoftBank Corp. based on respective companies’ publicly available information. (Year to date) Mobile EBITDA margin = mobile EBITDA/ mobile telecom service revenue

  34. Slide 34: Mobile EBIT

    Mobile EBIT 172.5 (JPY bn) (Operating Income) 138.6 Significant 116.4 Turnaround 24% increase *Including impact of JPY 21.6bn of newly 27.2 consolidated subsidiaries from FY2013/Q1. (GungHo, eAccess, WCP, etc.) 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) * FY2006-2011: Mobile Communications bu

  35. Slide 35: WILLCOM Turnaround

    (mil) 5.5 WILLCOM Subscribers 5.49mil 5.0 Turnaround 4.5 Profitable since FY2011/Q2 4.0 3.77mil 3.5 3.0 May 2009 Dec. 2010 June 2013 *PHS+3G 34

  36. Slide 36: Record gain of JPY103.8 billion

    Rehabilitation proceedings terminated WILLCOM was made a subsidiary and was re-measured at fair value. Record gain of JPY103.8 billion (FY2013/Q2) 35

  37. Slide 37: WILLCOM Stock Value Turnaround

    WILLCOM’s Stock Value Company under JPY104.1bn rehabilitation Growth proceedings Company Subscribers Subscribers Net loss Turnaround EBIT EBIT (Operating income) (Operating income) Declining Staying trend profitable JPY 300m At the start of Re-measured sponsorship at fair value (December 2010) (July

  38. Slide 38: Approaching No.1 in Connectivity

    Approaching No.1 in Connectivity 37

  39. Slide 39: 900MHz Platinum Band Base Stations

    900MHz (Platinum Band) Base Stations 25k Rapid Increase July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2012 2013 38

  40. Slide 40: Data Connection Rate Survey

    Data Connection Rate Survey (Patent pending) App Communic ation Logs (900million/month) *Users agreed to participate in the survey 39

  41. Slide 41: Analyze 30 billion data records

    GPS data Base station data Building data App Communic ation Logs Time data Feedback data Shop data Analyze 30 billion data records 40

  42. Slide 42: App Communication Log

    App Communication Log Example: Hourly Population Distribution Flow of people Keeping to same location Weekday Copyright (c) 2013 Agoop Corp. ArcGIS data collection standard pack 2009 (c) ESRI Japan *Statistics analysis conducted by Agoop Corp. 41

  43. Slide 43: Call Connection Rate LTE Smartphones

    Call Connection Rate LTE Smartphones 99% 98.7% Call Connection Rate 98% 97.8 97.8 No.1 97% *Nationwide survey by Ipsos K.K. Call connection rate of Platinum Band-compatible LTE smartphones. Actual connection rate on calls made to 5,700 smartphone users Nov.6, 2012 July 23, 2013 (SoftBank: 2,200 user

  44. Slide 44: Data Connection Rate LTE Smartphones

    Data Connection Rate LTE Smartphones 98% 97.8% 97% Data Connection Rate 96% 95.9% 95.5% No.1 95% 94% 93% *Statistics analyzed by Agoop Corp. Platinum Band-compatible LTE/ 4G smartphone data connection: total 108,000 platinum band-compatible smartphones (36,000 for each operator) were randomly select

  45. Slide 45: Packet Congestion Instances

    Packet Congestion Instances (Tested 200 times at each station) Shinagawa 105 times 18 times Shinjuku 80 times 6 times Shimbashi 25 times 0 times Ikebukuro 19 times 4 times Tokyo 10 times 0 times Shibuya 6 times 0 times Source Press release by MMD LABO (June 21, 2013). Packet congestion is defined as

  46. Slide 46: Packet Congestion Instances (Android Smartphone)

    Packet Congestion Instances (Tested 200 times at each station) Ikebukuro 35 times 0 times Shinjuku 8 times 0 times Tokyo 7 times 0 times Shimbashi 5 times 0 times Shibuya 4 times 0 times Android Smartphone 0 times 0 times Source Press release by MMD LABO (June 21, 2013). Shinagawa Packet congestion

  47. Slide 47: iPhone5 LTE 75Mbps Area Survey

    iPhone5 LTE 75Mbps Area Survey (54 points in Tokyo Metropolitan Area) 36 points LTE 75Mbps available points 6x of au 6 points Source Kaden Hihyo (August 2013 issue) Surveyed at total of 54 points in Tokyo 23 Wards, Yokohama, Saitama and Chiba (Ward offices and Prefectural offices) 46

  48. Slide 48: Smartphone Speed Test Conducted by the Third Parties

    Smartphone Speed Test Conducted by the Third Parties (Mbps) (Mbps) (Mbps) SoftBank 10.79 SoftBank 16.91 SoftBank 6.9 NTT DOCOMO 7.95 NTT DOCOMO 6.17 NTT DOCOMO 3.4 au 9.37 au 7.38 au 3.9 Source: ICT Research & Consulting Source: MMRI Source: RBB TODAY “Nation-wide 200 locations smartphone LTE actual

  49. Slide 49: No Serious Incident for 796 days

    Material Incidents that must be Reported to the Communications Minister (since June 2011) 2011/6/6 Operator Affected Users 1.5 mil No Serious 2011/8/16 2011/11/2 1.1 mil 1.1 mil Incident 2012/1/1 2012/1/25 2.61 mil 2.52 mil for 796 days 2012/1/25 74 k * (SoftBank Mobile) 2012/2/9 1.3 mil 2012/2/11 6

  50. Slide 50: CAPEX Ahead of Schedule

    (JPY bn) Consolidated CAPEX eAccess WCP 808.2 780.0 CAPEX Ahead of Schedule 110.6 WILLCOM 697.6 580.0 516.3 480.0 420.5 2010 ’11 ’12 ’13 ’14 ’15 (FY) *FY2012 excludes FUKUOKA YAFUOKU! DOME related CAPEX Japanese-GAAP Plan (IFRS) *Excludes Sprint CAPEX WCP: Wireless City Planning 49

  51. Slide 51: Internet Business Update

    Internet Business Update 50

  52. Slide 52: Hit 1,300 mark

    Number of SB Group Companies Hit 1,300 mark 51

  53. Slide 53: Yahoo Japan EBIT

    Yahoo Japan EBIT JPY 48.6bn (Operating Income) JPY 42.2bn Growth Re-accelerating 15% Growth 1999 ’01 ’03 ’05 ’07 ’09 ’11 ’13 *Yahoo Japan Corporation’s operating income Japanese-GAAP Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 52

  54. Slide 54: GungHo Net Sales

    GungHo Net Sales JPY 43.7bn Net Sales 11x YoY JPY 3.8bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2009 2010 2011 2012 2013 *GungHo Online Entertainment Inc.’s net sales Japanese-GAAP 53

  55. Slide 55: GungHo EBIT

    GungHo EBIT (Operating Income) JPY26.5bn Operating Income 34x YoY JPY0.8bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 *GungHo Online Entertainment Inc.’s operating income Japanese-GAAP 2008 2009 2010 2011 2012 2013 54

  56. Slide 56: Puzzle Dragons App Downloads

    Puzzle Dragons Over 17mil App Downloads Steady Growth Mar. Apr. May June July Aug.Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2012 2013 55

  57. Slide 57: No.1 eCommerce Company in China

    No.1 eCommerce Company in China SoftBank’s Ownership Ratio 31.9% 36.7% 56

  58. Slide 58: Alibaba Transaction Volume

    (JPY t) Transaction Volume JPY 16.1t 18 (RMB 1t) 12 Rapid Growth JPY 7.5t (Market cap. JPY 6.8t) 6 JPY 6.1t (Market cap. 14.2t) 0 (Source) Created by SoftBank Corp. based on respective companies’ 2007 ’08 ’09 ’10 ’11 ’12 (CY) publicly available information ( USD 1 = JPY 100.) Amazon.com: consolidate

  59. Slide 59: Alibaba Net Income

    Net Income JPY 66.9bn (Quarterly) 3x YoY JPY 22.1bn ’08 ’09 ’10 ’11 ’12 ’13 (CY) (Source) Created by SoftBank Corp. based on information disclosed by Jan. - Mar. Jan. - Mar. Jan. - Mar. Jan. - Mar. Jan. - Mar. Jan. - Mar. Yahoo! Inc. ( USD 1 = JPY 100.) Net Income: net income attributable to Alibaba

  60. Slide 60: US Business Growth Strategy

    US Business Growth Strategy 59

  61. Slide 61: Acquisition completed on July 11, 2013

    Acquisition completed on July 11, 2013 60

  62. Slide 62: Similar Markets

    Similar Markets 61

  63. Slide 63: Similar Markets

    Network LTE (FDD, TDD) Devices Smartphone Shops/Electronics retail stores/ Sales Enterprises Services Smartphone apps Similar Markets 62

  64. Slide 64: 4 Commitments

    Network Devices 4 Commitments (at the time of the Vodafone Japan acquisition) Sales/Branding Service/Content 63

  65. Slide 65: Exporting experience from Japan to US

    Network Devices Exporting experience from Japan to US Sales/Branding Service/Content Service/Content 64

  66. Slide 66: 1. Network

    Network Devices 1. Network Sales/Branding Service/Content 65

  67. Slide 67: Same Network Strategy

    2.5GHz 2.5GHz 2GHz/1.7GH 1.9GHz 900MHz 800MHz Same Network Strategy 66

  68. Slide 68: Sharing Expertise on Base Station Build-out

    Base Stations 88k Sharing Expertise TDD-LTE on Base Station Build-out FDD-LTE Platinum band (900MHz) July 2012 July 2013 *AXGP (highly compatible with TDD-LTE) base stations. 67

  69. Slide 69: Use Big Data to optimize base station design in US too

    Big Data *Users agreed to participate in the survey Use Big Data to optimize base station design in US too 68

  70. Slide 70: CAPEX Efficiency

    CAPEX Efficiency Traffic Management Core Capacity Build TDD-LTE Technology Big Data Utilization 69

  71. Slide 71: 2. Devices

    Network Devices 2. Devices Sales/Branding Service/Content 70

  72. Slide 72: LTE Smartphones in Both Countries

    LTE Smartphones in Both Countries TDD-LTE FDD-LTE Platinum band 71

  73. Slide 73: Established a New Office in Silicon Valley

    Established a New Office in Silicon Valley 72

  74. Slide 74: Develop the World's Most Advanced Products

    New Silicon Valley Office Develop the World’s Most Advanced Products 73

  75. Slide 75: 3. Sales / Branding

    Network Devices 3. Sales / Branding Sales/Branding Service/Content 74

  76. Slide 76: Unparalleled Sales Expertise

    Net Additions Share FY2005 FY2012 Vodafone Japan 4% SoftBank Competitors Competitors 52% Unparalleled Sales Expertise 75

  77. Slide 77: Competitive Price Plan

    New Price Plan for Smartphones (Announced on July 11, 2013) My Way Plan Monthly Charge USD_80 USD 100 USD 95 Extra data costs Extra data costs Data Unlimited for over 2GB for over 2GB Talk Unlimited Unlimited Unlimited Text Unlimited Unlimited Unlimited Competitive_Price_Plan Verizon: Share Everythi

  78. Slide 78: Increased Savings Beginning with 2nd Smartphone

    New Price Plan for Smartphones (Announced on July 11, 2013) My Way Plan 1st 2nd 3rd 4-10th Monthly Charge USD 80 USD 70 USD 60 USD 50 Data Unlimited Talk Unlimited Text Unlimited Increased Savings Beginning_with 2nd_Smartphone 77

  79. Slide 79: Operational Bases in 30 countries

    Operational Bases in 30 countries 78

  80. Slide 80: Global Reach of 165 countries

    Global Reaches of 165countries 79

  81. Slide 81: 4. Service / Content

    Network Devices 4. Service / Content Sales/Branding Service/Content 80

  82. Slide 82: Toward Mobile Internet Era

    10 years ago Present Toward Mobile Internet Era 81

  83. Slide 83: Telecom Company Internet Company

    Telecom Company Internet Company 82

  84. Slide 84: Share Corporate Culture

    Telecom Company Internet Company Share Corporate Culture 83

  85. Slide 85: 5. Cost Synergies

    1. Network 2. Devices 5. Cost Synergies 3. Sales / Branding 4. Service / Content 84

  86. Slide 86: Cost Synergies (OPEX Reduction)

    Cost Synergies (OPEX Reduction) Network OPEX Churn Improvement IT Cost Reduction Customer Care 85

  87. Slide 87: Mobile EBITDA Margin: Turnaround

    Mobile EBITDA Margin 60% 60% 53% 45% 38% 45% 35% Turnaround 30% 30% 31% 19% 15% 15% 0% 0% 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) 2006 ’07 ’08 ’09 ’10 ’11 ’12 ’13 (FY) Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 86

  88. Slide 88: 5 Strategies for US Business

    1. Network 2. Devices 5. Cost Synergies 3. Sales / Branding 4. Service / Content 5 Strategies for US Business 87

  89. Slide 89: Forecast

    Forecast 88

  90. Slide 90: FY2013 Forecast: Domestic Operating Income

    FY2013 Forecast (Previously announced) Domestic Operating Income Exceed JPY 1 trillion *USD1 = JPY100 89

  91. Slide 91: FY2013 Earnings Forecast

    FY2013 Earnings Forecast Consolidated Operating Income Exceed 1t Previous guidance JPY 900.0bn JPY (Upward revision) 90

  92. Slide 92: Global Operating Income Ranking (Mobile operators)

    Global Operating Income Ranking Mobile operators, forecast for FY2013) Rank Country Company JPY t 1 Verizon 2.5t 2 China Mobile 2.4t 3 AT&T 2.4t 4 5 Telefonica America Movil 1.3t 1.2t Global No.6 6 SoftBank 1.0t (Mobile Operators) 6 Vodafone 1.0t 6 Deutsche Telekom 1.0t 9 Orange (former France Telec

  93. Slide 93: Global Operating Income Ranking (All industries)

    Global Operating Income Ranking All industries, forecast for FY2013) Rank Country Company JPY t 1 Exxon Mobil 6.1t 2 Apple 4.9t 3 Royal Dutch Shell 4.2t 4 Gazprom 3.9t 5 6 Chevron Samsung 3.8t 3.6t Global No.62 7 PetroChina 3.2t (All industries) 8 Total 3.0t 9 Wal-Mart Stores 3.0t 10 BP 2.9t Source

  94. Slide 94: Toward Global No.1

    Toward Global No.1 93

  95. Slide 95: From No.1 in Japan to No.1 in the World

    Summary 1. Consolidated operating income revised upwardly to JPY 1 trillion 2. US business roll-out begins From No.1 in Japan to No.1 in the World 94

  96. Slide 96: Copyright SoftBank Corp.

    Copyright (C) 2013 SoftBank Corp., All rights reserved. 95

  97. Slide 97: Adoption of IFRSs and definition of terms

    1. Adoption of IFRSs SoftBank Corp. has adopted the International Financial Reporting Standards (IFRSs) from the three-month period ended June 30, 2013 (transition date: April 1, 2012). The financial data for the three-month period ended June 30, 2012 (“YoY”) and the fiscal year ended March 31, 2013

SoftBank — Q1 FY2013 Earnings Presentation on 6ix