SoftBank (SFTBY) 12 May 222022 Q4 Earnings call transcript

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[Foreign Language]

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XXXX. Corp. Year would we like XX, Now, ended Results Fiscal for the the Group to Announcement Earnings SoftBank March start

First like and From Yoshimitsu CFO. of would Unit. left, is broadcast Masayoshi President Goto, and Today's participants. all, introduce today's Accounting live Vice over I to Director Head Senior Son, CEO. Kazuko Internet. of announcement and Chairman Kimiwada, Board

Now, I to would like invite Mr.

the overview. and you Son, earnings results Chairman Mr. and business to CEO present

please. Son,

name very joining Son. much My is you for Thank today. [Interpreted]

years, So been in situation the explain of manage also you impact inflation, should largely, is been seeing places to many impacted the which to presentation. confusion. we this COVID-XX, and experiencing SoftBank world, and in the Group, circumstances, and year, confusion this at Ukraine been also been we've markets experiencing do would interest market. in due the to rise with in also Equity market I Russian believe invasion inflation that world, the again from Under equity like to rate market, we the about around such we've a the has what something world two starting I we've sold that's my

earlier, we taking in Group, the my sites. circumstances, should position. In be let defense the we, into I such confusion summary, So in me mentioned SoftBank as are defense world under go

position taking moment. we clear at a this be that's So should

executing monetization COVID-XX started been Just about world, and initiative trillion we announced in seeing have in Also, years we manner. we our have ¥X.X buyback those steadily announced ago. share program. the two When

two are mode. defense One, be we things is taken mode. this again, continued There that should we believe that monetization. for Now defense this

sheet. And would make that enough So criteria. we new we have sure do the to stricter for on our to investment keep investment balance activities, cash position like

for today. summary the that's So

details, my slides you. use to For like would to I to explain

and specifically, result price I million XX invasion beginning, n invasion has of a COVID-XX, Russian been became in XXX the Ukraine. XX%, this crude COVID-XX, became raised More Russia infected a to of the the -- global this because oil prices natural And As a as with mentioned increase. gas of Ukraine, it of -- XXX% pandemic.

to we has trillion value, of have have and position. a increasing -- whereas phenomenon and price too time, people in world. at in seen of down inequity to Facts us that all, the such a fact. States manage the SoftBank, people -- record in the with This Is the are as terms Under same its consumer third Composite are level debt this XX% index So net fact. there three things holding a cash we some ¥X.X And a price loan SoftBank. situation, SoftBank, over United safe? is Index. things, such cash or that a been Those that trillion. long-term value, rest as interest is many it of is are To has rate Nasdaq situation, week ¥XX.X in about XX.X%. the we've I same seeing exchange lead been has Yen or have believe second a decline been a concern rate I another in three the And one, concerns value from much position think may

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trillion calculation, So, the X X trillion down value it's Yen. front vision net to asset our which from now for Yen is mainly

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all, been away, a of First seeing been going funds, showing figures decreasing. new has for risk In the investment now is studied. past here. been carefully gain has new and the have in negative digital in investment Therefore, China, managed in it has we China been and China

new -- So that's position our in current for China. investment investment

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of And every year, are NAV of holding ¥XX.X market that's of March value is trillion Equity trillion. That end NAV, NAV of discount. ¥XX.X asset evaluated minus was net does owed. not a terms ¥X.X our And experiencing we trillion. is debt, cap means XX% ¥XX.X include debt In trillion. as which

so history the asset peak, compared more hold can you as earlier, on side, have decline, you net of we we a the at to saw now lost accounted NAV. plenty accounted Alibaba seen Fund I of XX% Vision value, Alibaba NAV. of about Alibaba before, Up well. can detail still two lot. XX% And in the in for NAV, as Looking loss in terms however, value, asset NAV fund only depended accounted but years the NAV, of mentioned see, as net vision on our terms see Alibaba for until NAV for XX% our of of of ago, a

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terms cash Against to have next of double for years. is have about is policy level of our three we have than in more which enough care trillion. our sufficient over ¥X.X two position, redemption ¥X.X to cash trillion. the should bond redemption for that, talk When take position, you cash we of position, years, terms In

per when we secure buy our -- we was and business safe we to has cash and purchase in we will six our equity shares. The it won't in our and an And canceled to we shares manner. this that share now forever, important circumstance. very be shares made ¥X and to So, The are managing has so it's in after fact, year, have announcement know, And the the market good position share downward SoftBank it's buy shares. enough progress trend, to have are buyback should have price share XX% in NAV under been Consequently, downtown to by back we up that as trillion discounted, you our a November progress in decline opportunity months. down, been means better. be

been has program buyback pretty share again, well. So going

improve we me While be will able repurchasing loan how Let to we are to shares, value? explain.

us, trillion we for did new we we asked ¥X.X done of ¥X.X investment? haven't trillion. you program have you also, monetization fact, made. any investment If about But In done about

with we investment investment that and That new done is means So, we, money the monetization. new both monetized. did

kind that working low. ecosystem of So is

our that affect sure make we we won't So, debt.

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but Venture only the equity meantime, be So circumstances. growing. three should businesses years keep will companies, funds ahead, and market the SoftBank, also in same again, year private and are the one in ahead, improved But private listed two, Capitals equity in not

investment opportunity opportunities So, comes, X, an and values listed should X, companies. in in the come resume once balance, years, X we can our and

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such others, to ¥XX.X or So SoftBank Fund portion. X and Vision and years, in securities you or will Sprint, first ownership, already monetization. return but our orange the those receiving, in Not on our equity sold only LPs or portion either we yellow also be there Group and And after monetized. distribute trillion also are to other are Those total based and Vision can we have see, distribution. we then T-Mobile, total being four the X fiscal public in as 'XX Fund as are that some as past assets sales the monetized on

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about okay? like want more not So you it's up side. this You page, SoftBank, your not Masa, don't to here, like speak may are other to disappoint it's you

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we're that trends the looking are those at. So

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look at go position defense LTV trees. defensive we ¥XX.X To the and new is Without NAV, So, at money, is XX.X% trillion, two for at and We amount trillion, the revolution. and the forest, double will continue cash committed to summarize, spending long-term moment. offensive. believe, also SoftBank's the of bond years. look evolution information ¥X.X which position we redemption next not

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[Interpreted] Now, questions. like will to take would we

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[Interpreted] Bloomberg. very from Yee Thank Question you much. about pace investment. of

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[Interpreted] The next question.

questions. Toyocase, have [Interpreted] I My name two is Nakagawa

you regarding NorthStar. mentioned First, earlier SB

release press a today. you So, issued

X/X billion, from ¥XXX which is So, unrecoverable is you. and

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[Interpreted] Two Nikkel Wataru questions. from Paper.

First, program. Back it's ¥X.X not this good monetization either performance and not a good, your trillion was did year. then, XXXX you March

not have if monetization a do wonder LTV then, Back plan to you plan? I big was another tie. So,

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[Interpreted] Thank you.

announcement the much trillion or ¥X ¥X.X the First, two have existed trillion See time slide being X.X of new something, we made And trillion. please. or monetized investment we, investment years also you ago. of of as made as made at as we but trillion Two time, monetization again, but is same program monetization We ¥X.X trillion of though ¥X.X we trillion can program, we monetized this monetization even don't ¥X.X announced such trillion. we years ¥X.X ago, announcement, see, while done.

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So, Arm's should we Thank well business is you. be any time IPO. for going Arm's and performance ready

please. Next [Interpreted] question,

My presentation. Sheen you. [Interpreted] for Thank TV you name Thank is from Asahi. your

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Kilimoto Nikkei from Paper, two questions. [Interpreted]

risk. China First

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from Our Oda (ph) from last the Press Gigi question floor. (ph).

Press. Two questions. [Interpreted]

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you. Thank [Interpreted]

the Mr. Next Nikkei from Zoom, Owada BP. from

war help, to information everyone. people's Thank much technology COVID-XX, that the you. comes To other everyone, and that for fundamentally you happiness when them but [Interpreted] because view contribute it happy? evolving, How how happiness About What's your happy? are around struggling you of make technologies do mentioned there the world? making keep for to relation, people can

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you. much. [Interpreted] very Thank Thank you

Thank of For very last you interest your you. much participation. for for Thank this today. the the time, question was

corporate ended video this demand Corp for the our the announcement for website. The earnings XXst, much Thank distributed again from the Group concludes be XXXX. this of once results So, footage much meeting Corp earnings much will SoftBank very XX, year ended the for Group fiscal results on fiscal SoftBank XXXX. year you joining announcement

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