Highlights (Full Year)

[Notes]
  1. *1
    Adjusted EBITDA = operating income + depreciation and amortization (including loss on disposal of non-current assets) ± other adjustments
  2. *2
    Net income attributable to owners of the Company: Net income attributable to owners of SoftBank Corp.
  3. *3
    Excludes Rental mobile phones for enterprise customers, Z Holdings Corporation group and impact from adopting IFRS 16
  4. *4
    Adjusted free cash flow = free cash flow ± total cash flows relating to non-recurring transactions with SoftBank Group Corp. + (proceeds from the securitization of installment sales receivables – repayments thereof), excludes impact from adopting IFRS 16
  5. *5
    Includes the payments for acquisition of LINE shares (JPY 175.3 bn). Excludes Z Holdings Corporation group and impact from adopting IFRS 16
  6. *6
    Net interest-bearing debt = Interest-bearing debt – Cash and cash equivalents – Cash reserve for securitization of sales receivables
    Cash reserve for securitization of sales receivables is included in net interest-bearing debt from FY2020, figure of FY2019 is restated accordingly
    Until FY2018, Net interest-bearing debt = Interest-bearing debt – Cash and cash equivalents
  7. *7
    Ratio of equity attributable to owners of the Company to total assets = total equity attributable to owners of the Company ÷ total assets
  8. *8
    Net leverage ratio = Net Interest-bearing debt / Adjusted EBITDA (LTM), excludes impact from adopting IFRS 16
    Adjusted EBITDA (LTM) used in the calculation of net leverage ratio in FY2019 includes retrospectively adjusted EBITDA of ZOZO Inc. for the period before consolidation (April to October 2019). Also, adjusted EBITDA (LTM) used in the calculation of net leverage ratio in FY2020 includes retrospectively adjusted EBITDA of LINE Corporation for the period before consolidation (April 2020 to February 2021)
  9. *9
    Net income attributable to owners of the Company ratio (ROE) =Net income attributable to owners of the Company / Average of total equity attributable to owners of the Company at the beginning and end of the relevant period
  10. *
    SoftBank Corp. has adopted IFRS 15 for the fiscal year ending March 31, 2019, and applying this standard retrospectively for the period ended March 31, 2018. SoftBank Corp. has adopted IFRS 16 “Leases” from the fiscal year ended March 31, 2020. Transactions under common control are accounted for as if such transactions were executed by SoftBank Corp. and its subsidiaries on the later of the acquisition date of the transferred companies by SoftBank Group Corp. or the opening balance sheet date of the comparative period. Accordingly, figures for FY2018 was adjusted retrospectively for the transactions under common controls (including acquisiton of Z Holdings Corporation) occured in FY2019.

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