Management Policy and Strategy

Management policy

Guided by its corporate philosophy of "Information Revolution — Happiness for everyone," SoftBank Corp. (the "Company" or "SoftBank" or "we") and its subsidiaries (the "Group") has been aiming to become a corporate group needed most by people around the world. We are developing a variety of businesses in the information and technology field while enhancing our telecommunications business and are working to maximize our corporate value by using the power of technology to solve social issues.

Growth strategy

Under our growth strategy, "Activate AI for Society," we aim to maximize corporate value by activating the potential of AI across all our businesses and driving its implementation in society.

Medium-term Management Plan

In May 2026, we announced our Medium-term Management Plan ending in FY2030.
Please refer to the presentation material for details.

Non-financial targets

Remain committed to achieving carbon neutrality by FY2030,
even with expansion of AI data centers and related infrastructure

We have set "contributing to the global environment with the power of technology" as one of our material issues. We will contribute to the realization of a decarbonized society by utilizing cutting-edge technologies such as artificial intelligence (AI).

Material Issues

Financial strategy

(A) Generate operating cash flow exceeding telecom-related CAPEX and enhanced shareholder returns
(B) Execute strategic investments while balancing financial soundness and capital efficiency

The Group manages its financial operations based on its capital allocation policy for the cumulative three-year period from FY2026 to FY2028 (excluding LY Corporation, PayPay Corporation, etc.), under our policy of prioritizing both "medium- to long-term growth" and "shareholder returns."Specifically, stable operating cash flow, primarily from the telecommunications business, will be used to cover telecom-related capital expenditures (CAPEX)^*1 and total dividend payments. Furthermore, the monetization of AI-related businesses will allow us to secure additional investment capacity and funds for financial improvement. By doing so, we will execute strategic investments, centered on AI-related fields, while pursuing a balance between financial soundness and capital efficiency, aiming to enhance our corporate value over the medium- to long-term.

[Notes]

1. *1
   Includes lease payments for land and buildings associated with the deployment of base stations.
2. *2
   Excludes net interest-bearing debt and adjusted EBITDA of A Holdings Corporation, LY Corporation and its subsidiaries, B Holdings Corporation, PayPay Corporation, PayPay Card Corporation, PayPay Bank Corporation, PayPay Securities Corporation, etc. as well as interest-bearing debt of securitization of installment sales receivables, and cash reserve for securitization of sales receivables. Net leverage ratio = Net interest-bearing debt / Adjusted EBITDA (last twelve months of the relevant quarter)
3. *3
   Consolidated adjusted ROE: (Net income attributable to owners of the Company − total dividends on Bond-Type Class Shares) / (Equity attributable to owners of SoftBank Corp. − outstanding balance of Bond-Type Class Shares)
4. *4
   Includes the effect of securitization of installment sales receivables.
5. *5
   Estimated power receiving capacity required for the AI computing infrastructure the Company aims to build, with a targeted computing capacity of 110 exaFLOPS.
6. *6
   Maximum power receiving capacity of the data hall building planned for construction
7. *7
   Repayments of lease liabilities relating to network equipment, properties for base stations and space for structures, properties for communications network, offices and warehouses

Shareholder returns

Focus on Both Medium- and Long-term Growth
and Shareholder Returns

We consider the return of profits to shareholders to be an important goal for our management along with increasing medium-to long-term corporate value. To increase corporate value, we will make capital investments efficiently to further raise the sophistication of communication networks, such as by expanding 5G SA (Standalone) areas, as well as continuing investments in AI-related businesses and other new businesses. Our basic policy is to distribute surplus twice a year as interim and year-end dividends, and to pay attention to the stability and sustainability of dividends while considering factors such as performance trends, financial condition, and cash flow position on a comprehensive basis.

Under this policy, we aim to continuously increase dividend per share for common shares in line with profit growth during the Medium-term Management Plan from the fiscal year ending March 31, 2027 to the fiscal year ending March 31, 2031.

For the fiscal year ending March 31, 2027, we plan to pay an annual dividend per share for common shares of ¥8.80 (comprising interim and year-end dividends of ¥4.40 and ¥4.40, respectively), and a prescribed amount of dividend for the Series 1 Bond-Type Class Shares and the Series 2 Bond-Type Class Shares.