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SoftBank Business Overview & Growth Strategy SoftBank Corp. August 4, 2026 ©2026 SoftBank Corp. All Rights Reserved
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Important Notice Regarding Forward Looking Statements and Other Information This document is based on the information available to SoftBank Corp. (“we” or “the Company”) as of the time hereof and assumptions which it believes are reasonable. Statements contained herein that are not historical facts, including, without limitation, our plans, forecasts, strategies and beliefs about our business and financial prospects, are forward-looking statements. Forward-looking statements often include the words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “will”, “may”, “should”, “would”, “could”, “anticipates”, “estimates”, “projects” or words or terms of similar substance or the negative thereof. These forward-looking statements do not represent any guarantee by us or our management of future performance or of any specific outcome are subject to various risks and uncertainties, including, without limitation, general economic conditions, conditions in the Japanese telecommunications market, our ability to adopt new technologies and business models, competition with other mobile telecommunications providers, our ability to improve and maintain our telecommunications network, our reliance on third parties in conducting our business, including SoftBank Group Corp. and its other subsidiaries and associates, our majorvendors and suppliers, and other third parties, risks relating to M&A and other strategic transactions, risks relating to information security and handling of personally identifiable information, changes in the substance and interpretation of other laws and regulations and other important factors, which may cause actual results to differ materially from those expressed or implied in any forward-looking statement. The Company expressly disclaims any obligation or responsibility to update, revise or supplement any forward-looking statement in any document or generally to the extent allowed by law or stock exchange rule. Use of or reliance on the information in this material is at your own risk. Information regarding companies other than the Company and our subsidiaries and associates is quoted from public sources and others, and we have neither verified nor are we responsible for the accuracy of information. The information presented herein regarding certain joint ventures andcollaborations of the Company, Vision Fund and SoftBank Group Corp. portfolio companies and investments has been selected on a subjective basis, is provided solelyfor illustrative purposes and does not purport to be a complete listing of all such collaborations or joint ventures. SoftBank Group Corp., the Company and the Vision Fund each have different strategies and objectives with respect to their investments and portfolio company operations. There is no guarantee that any joint venture will be consummated on the terms expressed herein or at all, or that the joint venture will be successful. All such plans are subject to uncertainties and risks, as well as investor consents and regulatory approvals, as applicable. References to such portfolio companies and investments should not be a recommendation of any particular investment. Important Notice Regarding Trading of SoftBank Corp. Common Stock and Unsponsored American Depositary Receipts The Company encourages anyone interested in trading in its common stock to do so on the Tokyo Stock Exchange. The Company’s disclosures are not intended to facilitate trades in, and should not be relied on for decisions to trade, unsponsored American Depositary Receipts (“ADRs”) representing the shares of its common stock. The Company has not and does not participate in, support, encourage, or otherwise consent to the creation of any unsponsored ADR programs or the issuance or trading of any ADRs issued thereunder. The Company does not represent to any ADR holder, bank or depositary institution, nor should any such person or entity form the belief, that (i) the Company has any reporting obligations under the U.S. Securities Exchange Act of 1934 (the “Exchange Act”) or (ii) the Company’s website will contain on an ongoing basis all information necessary for the Company to maintain an exemption from registering its common stock under the Exchange Act pursuant to Rule 12g3-2(b) thereunder. To the maximum extent permitted by applicable law, the Company disclaims any responsibility or liability to ADR holders, banks, depositary institutions, or any other entities or individuals in connection with any unsponsored ADRs representing its common stock. Disclaimer For the definitions of numbers on this presentation, please refer to SoftBank Corp.’s data sheet.
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Trade Name SoftBank Corp. Name and title of representative Junichi Miyakawa, President & CEO Founded December 9, 1986 Nature of business Provision of mobile communications services, sale of mobile devices, provision of fixed-line telecommunications and ISP services Number of employees Standalone: 19,150 Consolidated: 58,432 (As of March 31, 2026) Common stock JPY 244,355 million (As of March 31, 2026) Corporate data Common shares information (As of March 31, 2026. Number of shares issued is as of June 30, 2026) Corporate Data and Stock Information 2 18.10% 41.80% Individuals and others 20.85% Financial institutions Other companies Financial instruments firm 4.07% Breakdown by shareholder type Number of shares issued 48,017,366,700 shares Number of shareholders 1,837,411 Foreign institutions and individuals 15.18%
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Mission Vision Information Revolution ― Happiness for everyone Becoming a Corporate Group needed most by people around the world Growth strategy “Activate AI for Society” We will aim to activate the potential of AI across all businesses and drive its implementation in society SoftBank’s Management Philosophy and Growth Strategy 3
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Solving social issues through business and corporate activities SoftBank’s Priority Issues (Materiality) Solving social issues through business Solving social issues through corporate activities Solving social issues through digital transformation (DX) and AI transformation (AX) Connecting people and information to create new excitement Delivering Next-generation Social Infrastructure to support a society that coexists with AI Contributing to the global environment with the power of technology Providing sustainable communication networks Developing a resilient management foundation 4
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Investment company investing in AI companies around the world Operating company engaging in telecom and IT businesses Ratio of voting rights*1 40.0% SoftBank Group Corp. Parent company (TSE: 9984) SoftBank Corp. The Company (TSE: 9434) Who we are: Position of the Company Operating company to drive the Information Revolution Representative Director, Corporate Officer, Chairman & CEO Masayoshi Son President & CEO Junichi Miyakawa 5*1: As of June 30, 2026
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Consumer 43% Enterprise 14% Media & EC 23% Financial 5% JPY 7.0 tn FY2025 revenue • Mobile communications service, and broadband services for individual customers • Sales of mobile devices • Trading and supply of electric power • Communications services for enterprise customers • Solution services, such as IoT and data solutions • Cloud and AI services, such as cloud, security, AI data centers, AI computing infrastructure, and AI solutions • Commerce-related services • Advertising-related services • FinTech-related services • Cashless payment services • Payment processing services • Online securities brokerage service for smartphones Distribution & o thers 15% Who we are: Segment Overview Developing diverse businesses centered on digital technology Distribution: • ICT, cloud services • Provision of mobile and PC peripheral equipment Others : • Provision of digital media and digital content 6
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Enterprise/ Distribution E-commerce Cashless payment Social media Mobile /Fixed -line communications Who we are: Leading Services Providing Japan’s top-class ICT services *1: SoftBank = Total no. of mobile main subscribers, Total no. of broadband subscribers (as of June 30, 2026) *2: Percentage of listed companies with revenue of JPY 100 bn or more that had transactions with SoftBank Corp. in FY2025. *3: FY2025 result. Total transaction volume of domestic merchandise, services, digital content, and overseas e-commerce. *4: Institute for Information and Communications Policy, Ministry of Internal Affairs and Communications “FY2025 Survey Report onUsage Time of Information and Communications Media and Information Behavior <Overview>.” Announced in June 2025.*5: Percentage of "PayPay" was calculated from the disclosed data of the Japan Cashless Payment Promotion Council (Results of Survey on QR Code Payment Usage Trends in Japan in 2025), based on PayPay research. *6: FY2025 result. Sum of revenues of search advertising, account advertising, and display advertising Online media Transactions with 92% of large corporations*2 E-commerce GMV JPY 4.7 tn*3 No.1 in QR code payment GMV/Number of payments in Japan*5 No.1 in use rate of major social media services / apps (all age groups)*4 7 Mobile 41.11 mil subscribers*1 Broadband 8.48 mil subscribers*1 Advertising revenue JPY 578.3 bn*6
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Growth Strategy: “Activate AI for Society” We will aim to activate the potential of AI across all businesses and drive its implementation in society 8
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Our Strengths Strong business foundation to expand non-telecom fields *1: Yahoo! JAPAN = No. monthly users (Average monthly number of users between January - October 2025). Nielsen TOPS OF 2025: DIGITAL IN JAPAN (Top 10 Internet services used by users in Japan). Does not include duplicate users of smartphones and PCs. *2: LINE = No. of Monthly Active Users (MAU) (Japan) (as of June 2026) *3: PayPay = No. of registered users (as of June 30, 2026) *4: No. of SoftBank Corp.’s sales staff (as of March 2026) *5: Total engineers in SoftBank Corp., LY Corporation, PayPay Corporation, and ZOZO, Inc., etc. (as of March 31, 2026) Unparalleled customer touchpoints Innovative corporate culture Strong cash flow generation capabilities 9 83 mil 74 mil 100 mil Group synergies by combining services with some of Japan's largest customer bases × Sales employees: approx. 15k Control of capital expenditures based on financial discipline Engineers: approx. 14k HR systems that encourage employees to take on challenges (e.g., Job Posting System) and evaluation systems based on merit and results An "ever-evolving organization" that anticipates changing times and provides innovative services Stable cash flow from the telecommunications business Japan's telecommunications infrastructure revolution (e.g., “Yahoo! BB”), first introduction of iPhone 3G in Japan, and launch of PayPay Strong sales and marketing capabilities and high level of technological expertise FY21 FY22 FY23 FY24 FY25 (JPY bn) Cash flows from operating activities *1 *3 *2 1,393.8 1,215.9 1,155.8 1,239.7 1,367.9 *5 *4
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489.1 526.1 550.8 560.0 876.1 989.0 1,042.6 1,100.0 *1: Net income = net income attributable to owners of SoftBank Corp. Aim for continued record highs in both operating income and net income Medium-term Management Plan Financial Targets 10 JPY 7.5 tn JPY 1.1 tn JPY 560.0 bn 1.7 tn 6.1 6.5 7.0 7.5 700.0 bn9.0 tn FY23 FY24 FY25 FY26 (Forecast) FY30 (Plan) Revenue Operating income Net income *1 FY26 Forecast FY26 Forecast FY26 Forecast FY23 FY24 FY25 FY26 (Forecast) FY30 (Plan) FY23 FY24 FY25 FY26 (Forecast) FY30 (Plan) (JPY tn) (JPY bn) (JPY bn) CAGR 10%
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11 Consumer 550.8 560.0 +9.2 +1.7% Enterprise 192.4 230.0 +37.6 +19.5% Distribution 35.3 36.0 +0.7 +2.1% Media & EC 240.4 264.0 +23.6 +9.8% Financial 86.3 110.0 +23.7 +27.5% Other*1 -62.6 -100.0 -37.4 - Total 1,042.6 1,100.0 +57.4 +5.5% FY2025 Operating income (Actual) FY2026 Operating income (Forecast) YoY YoY% *1: "Other" includes profit and loss not included in the reportable segments of "Consumer," "Enterprise," "Distribution," "Media & EC," and "Financial," as well as "Adjustments" which aggregate eliminations of intersegment transactions and expenses not allocated to each reportable segment. FY2026 Operating Income Forecasts by Segment (JPY bn)
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3.4 1.5 0.8 0.4 1.3 1.0 Capital Allocation Policy (A) Generate operating CF exceeding telecom-related CAPEX and enhanced shareholder returns (B) Execute strategic investments while balancing financial soundness and capital efficiency *1: Capital allocation is managed excluding LY, PayPay, etc. *2: Includes effect of securitization of installment sales receivables *3: Repayments of lease liabilities relating to network equipment, properties for base stations and space for structures,properties for communications network, offices and warehouses *4: Excludes net interest-bearing debt and adjusted EBITDA of A Holdings Corporation, LY Corporation and subsidiaries, B Holdings Corporation, PayPay Corporation, PayPay Card Corporation, PayPay Bank Corporation, PayPay Securities Corporation, etc., 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) *5: (Net income attributable to owners of the Company − total dividends on Bond-Type Class Shares) ÷ (equity attributable to owners of the Company − outstanding balance of Bond-Type Class Shares) *6: Estimated power receiving capacity required for the AI computing infrastructure the Company aims to build, with a targeted computing capacity of 110 exaFLOPS *7: Maximum power receiving capacity of the data hall building planned for construction 12 FY26-28 3-year total*1 (JPY tn) (A) (B) (2) Borrowings, etc. • Pursue a balance between financial soundness and capital efficiency Financial soundness: Adjusted NLR*4 in the mid-2x range Capital efficiency: Consolidated adjusted ROE*5 of around 20% • Figure on the right illustrates funding capacity assuming adjusted NLR*4 of mid-2x • If adjusted NLR*4 exceeds mid-2x, funding will be considered while assessing the likelihood of recovery (1) Operating CF *2 from Consumer and Enterprise • Stable and continuous generation from mobile service revenues, etc. • Monetization of Japan's top-level AI computing infrastructure, as well as AI data centers (3) Primarily telecom network CAPEX Driven by growth in mobile revenue, build a high-quality and resilient network to maintain competitiveness (Assumed on an acceptance basis) ・Consumer/Enterprise: approx. JPY 410.0 bn/year ・Subsidiaries: approx. JPY 70.0 bn/year (4) Lease payments (impact of IFRS16*3) Lease payments for land and buildings associated with base station deployment (5) Shareholder return Aim for continuous dividend increases (6) Strategic investments (AI-related additional CAPEX, M&A, share buybacks, etc.) AI-related investments currently committed: JPY 0.3 tn Construction of Sakai AI data center (140MW)*6 Construction of Tomakomai AI data center (50MW-scale)*7 Innovative battery manufacturing Cash-in Cash-out Milestones FY28 Operating income (JPY bn) 1,400.0 Net income (JPY bn) 600.0 Dividend per share (common stock)(JPY) 9.0
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13 Shareholder Return 8.6 8.6 8.6 8.6 8.8 FY22 FY25 FY26 (Forecast) FY27 FY28 FY29 FY30 Medium- to long-term growth Shareholder returnsFocus Shareholder return policy Focus on both medium- to long-term growth and shareholder returns, and aim for continuous dividend increases in line with profit growth Dividend per share*1,2 (JPY) FY23 FY24 *1: Dividend per share for FY27 and beyond has not yet been determined as of August 2026. *2: The Company has conducted a stock split at a ratio of 10 shares per common share, with the effective date being October 1, 2024. The dividend per share prior to October 1, 2024 has been adjusted to reflect this stocksplit. aim for continuous dividend increases in line with profit growth
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Financial Discipline Securitization of sales receivables Bank loans Bonds (Yen / U.S. dollar / Euro denominated) Leases Long-term rating R&I Rating and Investment Information A+ Long-term rating JCR Japan Credit Rating Agency AA- BBB Long-term rating Fitch Fitch Ratings Japan BBB+ Long-term rating Stand-alone credit profile: bbb+ (Credit profile of the Company on a stand-alone basis) Maintain credit ratings Financial policy metrics Diverse financing options Adjusted net leverage ratio (excluding LY etc.)*1 Ensure financial stability and flexibility *1: Adjusted net leverage ratio (excluding LY, PayPay, etc., and securitization of installment sales receivables)*2 = net interest-bearing debt / adjusted EBITDA (last twelve months)*3 *2:"Excluding LY, PayPay, etc., and securitization of installment sales receivables" refers to exclusion of net interest-bearing debt and adjusted EBITDA of A Holdings Corporation, LY Group, B Holdings Corporation, PayPay Corporation, PayPay Card Corporation, PayPay Bank Corporation, PayPay Securities Corporation, etc., interest-bearing debt of securitization of installment sales receivables, and cash reserve for securitization of sales receivables *3: Adjusted EBITDA = operating income + depreciation and amortization (including loss on disposal of non-current assets) + stock compensation expenses ± other adjustments S&P S&P Global Ratings Japan (Times) Bond-Type Class Shares 2.3x 2.2x 2.5x 2.4x 2.3x 2.2x FY20 FY21 FY22 FY23 FY24 FY25 Ensure financial soundness through management practices aimed at maintaining credit ratings 14 Maintain mid-2x range
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Hidehiko Yuzaki Visiting Professor, Hiroshima University (Former Governor of Hiroshima Prefecture) Yukihiko Onishi Representative Director and Chairman of the Board, Sumitomo Mitsui Card Company, Limited Maki Sakamoto Vice-President, The University of Electro-Communications / Professor, Department of Informatics, Graduate School of Informatics and Engineering Naomi Koshi Partner Lawyer at Miura & Partners (Former Mayor of Otsu City) Atsushi Horiba Chairman, Representative Director & Group CEO of HORIBA, Ltd. Ichiro Nakayama Board Director (President & Representative Director, CEO, Corporate Officer, PayPay Corporation) Takeshi Idezawa Board Director (President and Representative Director, CEO, LY Corporation) Masayoshi Son Board Director, Founder (Representative Director, Corporate Officer, Chairman & CEO of SBG) Jun Shimba Director & Chairman Osamu Akiyama Board Director, Senior Vice President & CFO Dec. 1991 KK Momotaro Internet Representative Director & President Jun. 2000 Nagoya Metallic Communications Corp. (currently SoftBank Corp.) President and Representative Director Apr. 2006 Vodafone K.K. (currently SoftBank Corp.) Director & Executive Vice President (CTO) Apr. 2021 SoftBank Corp. President & CEO, in charge of Government Relations (to present) 15 Independent External Directors Junichi Miyakawa President & CEO Hideaki Karaki President, Hideaki Karaki CPA Office / Chair of the Contract Monitoring Committee, Japan International Cooperation Agency (JICA) Hiroko Sasaki ChangeWAVE Group, Inc. President & CEO Ratio of Independent External Directors: 7 out of 13 (54%) Ratio of Female Directors: 3 out of 13 (23%) (Note) SBG: SoftBank Group Corp. Management Structure
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General Meeting of Shareholders Governance Structure 16 Election / Dismissal Total 6 (5 independent directors) Total 13 (7 independent directors) Consult Recommendation Management Supervisory Function Election / Dismissal Oversight of execution Board of DirectorsNominating Committee Remuneration Committee Representative Director Director Independent Director Audit & Supervisory Board Member Independent Audit & Supervisory Board Member ESG Promotion Committee Recommendation Internal Control and Business Execution Function Internal Audit Office Business Execution Organization President Information Security Committee Environment Committee IT Governance Committee Human Rights Committee Advancement of Women Promotion Committee AI Ethics Committee Audit Total 4 (2 independent members) Audit & Supervisory Board Office Election / Dismissal Election / Dismissal Audit Cooperation ReportCooperation Proposing important matters / Report on execution Consult Report Risk Management Committee Accounting Audit Independent Auditor Report Cooperation Review/ Advice Audit & Supervisory Board
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FY22 FY30 FY50 Environmental Initiatives Greenhouse gas (GHG) emission reduction plan FY2025 FY2030 FY2050 GHG emission (t-CO2) 100% reduction 100% reduction Reduction targets Main initiatives to achieve our targets Carbon Neutral 2030: Reduce Scope 1, 2 emissions to zero by FY2030 Net Zero: Reduce Scope 3 emissions to zero by FY2050 Energy conservation in network equipment utilizing AI and optical transmission systems Signing of a long-term renewable energy procurement contract 17 Addressing the growing power demand from the spread of AI through measures such as the decentralization of AI data centers Scope 1, 2 Scope 3 0.67 mil. 18.29 mil. *The transition plan is as of June 2026 and may be revised in accordance with future business strategies.
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Human Resource Strategy An organization that continues to evolve Optimal portfolio Management talent AI engineers DX talent Global talent Sales reps and consultants Network engineers Existing areas New areas Values: No. 1 / Challenge / Backward thinking / Speed / Tenacity Expresses their unique selves to solve social issues Embraces change, sees everything as an opportunity, and takes on challenges New areas Existing areas Streamlining through utilization of generative AI As Is To Be Concept of portfolio creation DE&I Suitable workstyles Well-being Human Resource Elements Contribution to business growth Necessary elements for maximizing employee performance Relocate Core employee competencies Growth strategy: Activate AI for Society Long-term vision: “a company that provides Next-generation Social Infrastructure essential for development of a digital society” *We positioned the well-being of each employee, both mentally and physically, and maintaining a team that is always full of energy, as the most important foundation of our human resource strategy. Under the direct supervision of the CHRO, we have established the Well-being Promotion Office and are also committed to health management. 18 Organizational development Optimization within the Group Recruitment Training / Reskilling Evaluation /Compensation
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AAA 4.8 FTSE Russell ESG Rating (As of January 2026) Low risk A MSCI ESG Rating (As of June 2026) (As of July 2026) CDP Climate Change Report 2025 Sustainalytics ESG Risk Ratings (As of May 2026) ESG Ratings *The Dow Jones Sustainability Index name and logo are trademarks or service marks of the S&P Dow Jones Sustainability Index. FTSE Russell is a registered trademark of FTSE International Limited and Frank Russell Company. Incorporating SoftBank Corp. int o the MSCI Index or using the MSCI logo, trademarks, service marks or index names is not sponsored, advertised or promoted by MSCI or its affiliates. The MSCI indexes are MSCI's exclusive property. The names and logos of MSCI and the MSCI indexes are trademarks or service marks of MSCI or its affiliates. *The ESG Leader Badge is awarded as of 2026. The badge recogn izes companies based on Sustainalytics’ rules-based methodology. Recognition is based on publicly available data at the time of asses sment and may not fully capture all aspects of a company’s sustainability strategy or actions. Companies are compared within defined frameworks; recognition should not be interpreted as an absolute measure of sustainability performance or a guarantee of performance or outcomes. See Morningstar Sustainalytics webs ite for details. *1: Formerly known as the "Dow Jones Sustainability World Index” *2: "DX Platinum Companies" are selected from among those that have been named "DX Selection" companies for three consecutive years and have previously been awarded the "DX Grand Prix." This designation recognizes companies that cont inue to demonstrate exceptionally outstanding digital transformation initiatives. The only telecommunications company selected from Japan for “Dow Jones Best- in-Class World Index” *1 Selected as a “DX Platinum Company 2026-2028” *2 and “DX Grand Prix Company” for the first time Selected in global ESG investment indices highly rated in domestic and international surveys ESG Ratings and Evaluations 19 Selected as a Prime Seat Company for the second consecutive year
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40.0%*1 62.4% 50% 100% 100% 46.9%*2 51.9%*3 *Above shows a simplified group structure. Ratio of voting rights held as of June 30, 2026, unless otherwise specified. *1: As of June 30, 2026. The Company is directly owned by SoftBank Group Japan Corporation, a wholly owned subsidiary of SoftBank Group Corp. The stated 40.0% represents the voting rights held by SoftBank Group Corp. *2: As of May 20, 2026 *3: As of March 31, 2026 47.1% 50% 50% Group Structure Operating company engaging in telecom and IT businesses (TSE: 9434) Ratio of voting rights held A HOLDINGS Holding company Provision of IT-related products and services Payment processing services (LY Corporation) Operating internet business (TSE: 4689) B HOLDINGS Holding company Cashless payment services (NASDAQ: PAYP) Fashion e-commerce (TSE: 3092)Sales of office-related products (TSE: 2678) Strategic holding company (TSE: 9984) 20
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Capital Structure of LY and PayPay 50%50% 47.1% 7.5%7.5% 28.5% SVF2B Holdings *1 62.2% Voting rights held by SoftBank and group companies 50%50% A Holdings 62.4% NAVER Corporation Consolidated Our holdings in LY Our holdings in PayPay Ratio of voting rights 62.4% Economic interest 31.3% 21*As of June 30, 2026 *1: SVF2: SVF II Piranha(DE) LLC (LY Corporation) Ratio of voting rights 62.2% Economic interest 40.8%