Earnings Results for the Nine Months Ended December 31 2018

Earnings Results for the Nine Months Ended December 31, 2018

SoftBank Corp. February 5, 2019 Disclaimer

This presentation is based on information available at the time it was made. Statements in the presentation that are not historical facts including, without limitation, our plans, forecasts and strategies are forward-looking statements. Forward-looking statements are subject to various risks and uncertainties, including, without limitation, general economic conditions, general market conditions, customer demand for products and services, increased competition, inherent risks in international operations and other important factors, which may cause actual results to differ materially from those expressed or implied in any forward-looking statement.

Information regarding companies other than SoftBank Corp. and other companies within the group of SoftBank Corp. is quoted from public sources and others, and we have neither verified nor are we responsible for the accuracy of information. SoftBank Corp. expressly disclaims any obligation or responsibility to update, revise or supplement any forward-looking statement in any presentation material or generally to any extent. Use of or reliance on the information in this presentation is at your own risk.

The information presented in this section regarding certain joint ventures and collaborations of SoftBank Corp., Vision Fund and SoftBank Group Corp. portfolio companies and investments has been selected on a subjective basis, is provided solely for illustrative purposes and does not purport to be a complete listing of all such collaborations or joint ventures. SoftBank Group Corp., SoftBank Corp. 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. Paradigm Shifts Occur Continuously

PC Internet Mobile Phones Smartphones

2 Evolving with Paradigm Shifts

PC distribution High-speed Fixed-line Mobile telecom Sole iPhone Multi-brand business broadband business business distributor in Japan Strategy business

PC Internet Mobile Phones Smartphones

iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. The trademark “iPhone” is used with a license from AIPHONE CO., LTD. TM and © 2018 Apple Inc. All rights reserved. 3 Larger Business Opportunities Arise

PC Internet Mobile Phones Smartphones AI・IoT Robot

4 Aiming for Further Growth New Businesses in collaboration with AI SoftBank group’s portfolio companies

IoT Beyond Carrier strategy

Telecom Business Big Data Expansion of customer base

Smartphone subscriber growth Broadband subscriber growth Efficient deployment and operations of network including 5G 55 To a New Stage in the Information Revolution

6 SoftBank Corp. Consolidated Results

7 Consolidated Results for Q3 FY2018 ［JPY bn］ FY2017 FY2018 YoY YoY (%) Q1-Q3 Q1-Q3

Revenue 2,646.9 2,776.7 129.7 5%

Operating Income 535.7 634.9 99.3 19%

Net Income 333.6 395.9 62.3 19%

Adjusted FCF 408.2 *425.0 16.8 4%

Net Income: Net Income attributable to owners of SoftBank Corp. Adjusted Free Cash Flow = free cash flow ± transactions with the parent + (proceeds from the securitization of installment sales receivables – repayments thereof). *Excluding JPY 221.0 bn of the acquisition of the share of Yahoo Japan Corporation. 8 SoftBank Corp. Forecast for FY2018 ［JPY bn］ FY2017 FY2018 YoY YoY (%) Results Forecast

Revenue 3,582.6 3,700.0 117.4 3%

Operating Income 637.9 700.0 62.1 10%

Net Income 400.7 420.0 19.3 5%

Excluding JPY 221.0 bn of Adjusted FCF 508.0 500.0 acquisition of the share of Yahoo or more Japan Corp.

Dividend per share - JPY 37.50 (for half year)

35,000

30,000

25,000

20,000 5% increase

15,000 2,646.9 2,776.7

10,000

5,000

0 FY2017 FY2018 ［for 9 months］ 10 Operating Income ［JPY bn］ 700.0 7,000 637.9

6,000

5,000

4,000

3,000 634.9 19% increase 535.7

2,000

1,000

0 FY2017 FY2018 ［for 9 months］ 11 Net Income ［JPY bn］ 420.0 400.7

4,000

3,500

3,000

2,500

2,000 395.9 19% increase

1,500 333.6

1,000

500

0 FY2017 FY2018 ［for 9 months］

Net Income: Net Income attributable to owners of SoftBank Corp. 12 CAPEX (Acceptance Basis) ［JPY bn］ 380.0 350.1 3,500

3,000

2,500

2,000 Progressing

1,500 244.5 as planned 1,000 202.0

500

0 FY2017 FY2018 ［for 9 months］

Excluding device for rental service. 13 Adjusted Free Cash Flow ［JPY bn］ 508.0 500.0 or more

5,000

4,000

3,000 % increase* 2,000 408.2 425.0 4

1,000

0 FY2017 FY2018 ［for 9 months］ Adjusted Free Cash Flow = free cash flow ± transactions with the parent + (proceeds from the securitization of installment sales receivables – repayments thereof). *Excluding JPY 221.0 bn of the acquisition of the share of Yahoo Japan Corporation. 14 Achieving Both Growth and Shareholder Returns

Growth Shareholder Returns

15 Pursue High Shareholder Returns

Stable dividend Guideline payout ratio of c.85% per share on a consolidated basis

Aiming to maintain or increase dividends for the next fiscal year 16 Further Growth of Telecom Business

17 Japanese Market Consumer Smartphone Penetration Ratio*

Aiming for further Penetration in the growing Smartphone Market 61%

* Ratio of number of individual smartphone users to entire population as of Dec. 2017. Source: Communications Usage Trend Survey by Ministry of Internal Affairs and Communications. 18 Smartphone Strategy

Focus on Enhance ways penetration of use 19 Ultra Giga Monster Plus Unlimited Use of Video and SNS

20 Payment Transportation

Shopping Investment Borrowing

21 Cumulative Smartphone Subscribers ［Mil］ 21.46

2,000.0000 19.56

1,500.0000

1,000.0000 10% increase (1.90 mil increase)

500.0000

0.0000

FY2015 FY2016 FY2017 FY2018 ［End of Q3］ 22 Multiple Brands for All Targeted Customers

Price Reasonable Low price Low price

Data Usage Large Medium Small

Heavy data users and Users in their teens ライトユーザー 10代〜20代前半 business users Light users and early twenties Target Customers

23 H a n

Ultra Giga Monster Plus

50GB Separated Data Plan Unlimited handset payment from Industry-leading use of video and SNS service fees large-capacity plan

NEW! 24 Cost per GB ［JPY］ 814

800

700

600

500

400 1/10

300 224-250

200 in 3 years 80

100

0 2015 2018 Other ** Companies White Plan Ultra Giga Monster+ (JPY 5,700/7GB) (JPY 3,980/50GB)*

*Ultra Giga Monster+ (50GB) JPY5,980 minus Family discount (4 people) JPY2,000 **MNO A: JPY6,720/30GB- MNO B: JPY25,000/100GB, excluding discounts such as student discount. 25 Ultra Giga Monster Plus No worry about Customer Satisfaction Unlimited use, speed limitation best ever!

Satisfied Really happy! Stress free! No worry at all 93%

Source: the data is based on a survey SoftBank Corp. conducted to 2,394 Ultra Giga Monster Plus subscribers dated Jan 18th - 20th 2019. 26 Low-priced Smartphone Market excluding MON carriers

Broad support No.1 from light users Share

MNO: Mobile Network Operator Source: the data is based on MMD Labo “Low-cost smartphone market usage report, Sep 2018. 27 To launch plans that separate handset payment and service fees in 1H FY2019

*SoftBank brand has already launched plans that separated handset payment and service fees. 28 Smartphone Migrations between Brands [Number of subscribers]

Migration to SoftBank

Migration to Ymobile

More migrations between brands

FY2016 FY2017 FY2018 ［End of Q3］

Excluding subscribers in Enterprise segment 29 Smartphone Churn Rate [%]

2.00

1.80

1.60

1.40

1.20

1.00 0.85 Record low

0.80

0.60 0.79

0.40

0.20

0.00

FY2015 FY2016 FY2017 FY2018 ［Average for Q3］

Churn rate= Number of churns / Number of active subscribers 30 Broadband Cumulative Subscribers [Mil] 7.52

700 6.38

600

500

400

SoftBank Hikari 300 5.72 4.67 200 23% increase

100

0 FY2015 FY2016 FY2017 FY2018 ［End of Q3］

SoftBank Air subscribers are included in SoftBank Hikari subscribers. 31 Synergy with Yahoo Japan

Smartphone Subs Physical shops* Largest user base 21 mil subs in domestic Internet service 6,200 shops 90 million**

*Including directly-owned stores, dealers, mass electronics retailers and stores offering multiple carriers as of Jan 2019 ** Number of daily UBs(Unique Browsers) (quarterly average) 32 Linked “Yahoo! JAPAN ID”s ［Mil］ 13.99

1,400

1,200 11.06

1,000

800

600 26% increase

400

200

FY2015 FY2016 FY2017 FY2018 ［Dec 2018］ The number of SoftBank or Y!mobile smartphone subscribers who log in to Yahoo! JAPAN ID through linked ID using their smartphones. 33 Enterprise Business

Telecom Business Strategic Areas

Smart Key

Global Navigation AI Satellite System tracking service

SoftBank IoT Platform

34 Strategic Areas: To Increase Profit by Enhancement of Services and AI Companies

Robotics AI and RPA Security Digital Marketing Cloud IoT

SoftBank IoT Platform

Smart Key

Global Navigation Satellite System tracking service

35 Accelerating Business Creation through Collaboration with Partners

Mitsubishi Real Estate Services Co., Ltd

People- Flow Analysis 5G Floor- IoT cleaning Robot

Ministry of Land, Infrastructure and Transport SUMITOMO LIFE INSURANCE COMPANY

AI NIDD

NB-IoT Healthness Image Data Analysis

36 Framework Agreements with Local Governments for MaaS, Smart City, and Next Generation Education Jul. 2018 Abira, Hokkaido Dec. 2016 Kyoto Prefecture

Jun. 2018 Nov. 2018 Uji, Kyoto Tome, Miyagi Jan. 2018 Jul. 2016 Higashimatsushima, Ikeda, Osaka Miyagi Jan. 2019 Jan. 2017 Ishinomaki, Miyagi Jul. 2018 Niimi, Okayama Jan. 2019 Fukushima Prefecture Miyagi Prefecture May 2018 Sep. 2018 Fukuyama, Hiroshima Deb. 2019 Nagano Prefecture Gifu, Gifu Jun. 2016 Jan. 2018 Fujieda, Shizuoka Hiroshima Prefecture Feb. 2019 Yokohama Prefecture Jan. 2019 Iizuka, Fukuoka Jan. 2019 Yokohama, Kanagawa Aug. 2018 Kikuchi, Kumamoto Nov. 2017 Dec. 2017 Takahama, Aichi Tokushima Jun. 2018 Prefecture Inuyama, Aichi As of Feb 5th 2019 Mobility as a Service: convert transportation to new seamless mobility services based on cloud using ICT. The transportation includes public or private transportation providers. 37 World Realized by 5G

VR ･ AR ･ MR Drones

Autonomous Inventory Driving Management (IoT)

Definition VR: Virtual Reality, AR: Augmented Reality, MR: Mixed Reality 38 Pre 5G / 5G Schedule

Launching Services in FY2019

Ultra-high Speed, Large Capacity

IoT IoT using 4G / Pre 5G using 5G-NR

Ultra-low Latency

- FY2019 FY2020 -

5G-NR: New radio technology which realizes ultra-high Speed, ultra-low latency, and massive device connectivity 39 CAPEX (Acceptance Basis) [JPY bn]

7,000

Expenses on additional tower

6,000 deployment for the “Platinum Band (900MHz)” Continue to be stable

5,000

4,000 380.0

3,000

2,000

1,000

0 FY2012 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

Excluding device for rental service. FY2012-2014: Total CAPEX (IFRS) of SoftBank Mobile Corp., SoftBank BB Corp., SoftBank Telecom Corp., Ymobile Corp. (formerly EAccess Corp.), Wireless City Planning Corp., before subtraction of inter-group transactions and unrealized gains. Starting from FY2015: CAPEX (IFRS) of SoftBank Corp. 40 Expanding ! New Businesses

41 Mobile Payment Service

Payment by QR code/barcode in physical stores

Sales support

Service linkage

SoftBank Vision Fund Technology

The information contained herein is provided for illustrative purposes only. The information presented herein with respect to Vision Fund Portfolio Companies was generally developed by SBG and certain of its subsidiaries on the basis of publicly available information. Nothing here should be construed as a recommendation of any investment or security. 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. 43 “PayPay” Registrations

[Mil users]

4 400 “10 Billion Yen Campaign”

350

300

250 4 millions

200

150 in four months

100

0 0 2018-10-05 2018-11-05 2018-12-05 2019-01-05 Oct 2018 Dec 4th to 13th Jan 2019

Source: data from PayPay, period Oct 5th to Jan 31st . Number of sign-ins includes those from PayPay app and Yahoo!JAPAN app 44 Comparison of QR Code Payment Services Brand recognition No.1 Service understanding No.1 ［%］

80 “10 Billion Yen Giveaway 40 “10 Billion Yen Giveaway Campaign” Campaign”

60 30

40 20

20 10

0 0 11/23 11/30Dec 4th12/7- 13th 201812/14 12/21 11/24 12/1Dec 4th 12/8- 13th 201812/15 12/22

Source: survey by PayPay 45 “PayPay” Additional 10 Billion Yen Campaign

Additional 10 Billion Yen Campaign

100 Billion Yen

Second Starting Feb 12, 2019 (Tue), under preparation

Get 20% back max. on purchase

Campaign

*1 Maximum returns on PayPay points are as follows: 1,000 yen per purchase, 50,000 yen per person during campaign

Please see PayPay Corp. website (https://paypay.ne.jp/) for details on campaign. 46 Cutting-edge Working Space

Transform workstyles through communities

Sales support

WeWork Japan SoftBank Vision Fund Operating know-how

The information contained herein is provided for illustrative purposes only. The information presented herein with respect to Vision Fund Portfolio Companies was generally developed by SBG and certain of its subsidiaries on the basis of publicly available information. 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. Nothing here should be construed as a recommendation of any investment or security 48 “WeWork” Memberships in Japan [Memberships]

9,500

Around 9,500

0 0 (Photo credits) WeWork Mar.Mar 2018 2018 Jun.Jun Sep.Sep Dec.Dec ［Beginning of Month］ The metrics regarding select aspects of the operations of the Vision Fund's portfolio companies were selected by SBG and certain of its subsidiaries on a subjective basis and generally developed on the basis of publicly available information. Such metrics are provided solely for illustrative purposes to demonstrate elements of the company's business, are incomplete, and are not necessarily indicative of the company's performance or overall operations. There can be no assurances that historical trends will continue throughout the life of the Fund. Nothing herein should be construed as a recommendation of any investment or security. 49 *Quarterly transition of memberships since WeWork Japan launched in Feb 2018 Osaka Opened Using Dec. 2018 AI/IoT

Fukuoka Opened Dec. 2018

Nagoya Opening May 2019

Opening across Japan Transforming our headquarters into "WeWork" 50 Taxi Hailing Service

AI matches taxis and passengers based on its demand forecast

For DiDi logo: DiDi Mobility Japan Corp. The information contained herein is provided for illustrative purposes only. The information presented herein with respect to Vision Fund Portfolio Companies was generally developed by SBG and certain of its 51 subsidiaries on the basis of publicly available information. Nothing herein should be construed as a recommendation of any investment or security. Establishment of DiDi Mobility Japan

Promotion DiDi Mobility Taxi hailing Japan platform

The information contained herein is provided for illustrative purposes only. The information presented herein with respect to Vision Fund Portfolio Companies was generally developed by SBG and certain of its subsidiaries on the basis of publicly available information. 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. Nothing herein should be construed as a recommendation of any investment or security 52 “DiDi” Average Number of Rides per Day [Number of rides] 15x compared to September

2018Sep 2018年9月 Oct10月 Nov11月 12Dec月 Data collected from Sep 27~ Dec 16 2018 53 “DiDi” Expanding Service Areas

Started Trial Service in Tokyo

54 New Businesses Revenue

［Security］［Cloud］［AI Score Lending］

600 400

900

350

800 500 Rapid

300 700

400 Expansion

600 2.1x 3.1x 250 a year after launch

500

300 200

400

150

200

300

100

200

100 th Launched50 on Sep 25 2017

100

0 0 0 2017FY2017年度 2018FY2018年度 2017FY2017年度 2018FY2018年度 FY20172017年度 2018FY2018年度 [Accumulated for 9 months] [Accumulated for 9 months] [Accumulated for 9 months] 55 Accelerating Collaborations and Partnership in

For WeWork logo: WeWork Japan GK Various Fields For DiDi logo: DiDi Mobility Japan Corp.

Security Cloud FinTech MaaS

IoT

Sharing Robot AI・RPA

Certain joint ventures and collaborations of SoftBank Corp., Vision Fund and SoftBank Group Corp. portfolio companies and investments identified herein have been selected on a subjective basis, are provided solely for illustrative purposes and do not purport to be a complete listing of all such collaborations or joint ventures. SoftBank Group Corp., SoftBank Corp. 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. References to such portfolio companies and investments should not be a recommendation of any particular investment. 56 Information Revolution - Happiness for everyone