softbank mobile

Transcription

softbank mobile

Earnings Results
For the Second Quarter
Ended September 30, 2006
(Q2/FY2007)
November 8, 2006
SOFTBANK CORP.
March 12, 2010 Version
Due to protection of rights, some of the photos and images included at the time of publication have been modified or revised.
“FY2007” and “FY07” refer to the fiscal year ending March 31, 2007, and other fiscal years are referred to in a corresponding manner in this material.
<Highlights>
1. Full-fledged commencement of our
mobile business
-Launch of Mobile Number Portability
2. Highest profitability ever
(Operating Income/ Ordinary Income/
EBITDA)
3. Schedule for completion of the
Vodafone K.K. acquisition refinancing
2
FY2007/1H
Interim
Consolidated Earnings
3
1H/FY2007 Summary of Consolidated
Earning Results
<unit: bn JPY>
<Interim>
FY07/1H
FY06/1H
(Apr-Sept 2006)
(Apr-Sept 2005)
Net sales
1,120.1
522.7
+597.3
EBITDA
228.4
50.2
+178.2
Operating
Income
112.5
4.4
+108.1
Ordinary Income
62.6
(13.4)
+76.1
Income before
income taxes and
minority interest
118.8
25.9
+92.9
Net Income
14.4
(4.1)
+18.6
Year on year
*SOFTBANK MOBILE Corp. (formerly Vodafone K.K.) is consolidated from May 1, 2006.
4
Consolidated Net Sales
1,200
<Interim>
<unit: bn JPY>
1,120.1
1,000
581.8
800
Mobile
Communications
（SOFTBANK MOBILE）
600
488.0 522.7
585.8
149.0
400
130.6
275.7
200
114.2
58.3
123.6
71.2
84.3
117.0
89.6
Others
e-Commerce
Internet Culture
(Yahoo Japan Corporation)
165.9
168.9
109.0
124.9
178.4
166.2
Fixed-line Telecom
（SOFTBANK TELECOM）
43.5
95.9
142.3
127.4
BB Infrastructure
0
1H/FY05
1H/FY06
1H/FY07
*FY04 e-Finance segment figures have been retroactively adjusted.
5
Consolidated Operating Income
<Interim>
120
<unit: bn JPY>
112.5
100
80
57.8
60
1H/FY07
40
JPY112.5bn
20
0
FY03
FY04
1H
1H
-20
-40
-60
-80
1H
-6.7
-15.5
-31.1
4.4
FY05 FY06
1H
FY07
Largest ever
1H
-18.5
-39.3
-60.7
6
112.5
110
Mobile Communications
90
Impact of sale of ADSL
modem rental business
56.6
<Interim>
<unit: bn JPY>
(SB Mobile) +JPY56.6bn
70
57.8
14.6
50
43.2
30
57.8
1H/FY07 JPY112.5bn
4.4
10
-10
FY03
FY04
1H
1H
-50
-70
FY06
1H
1H
-6.7
-15.5
-30
FY05
FY07
1H
-1.9
Largest ever
-18.5
-31.1
-39.3
-60.7
7
Consolidated EBITDA
<Interim>
<unit: bn JPY>
228.4
240
190
(SB Mobile)
JPY129.4bn
140
99.6
90
50.2
32.0
12.0
40
-10
FY03
1.6
FY04 FY05
FY06
FY07
1H
1H
1H
1H
-22.5
-60
98.9
-23.6
1H
1H/FY07
JPY228.4bn
Largest ever
-48.5
（EBITDA： Operating income (loss) + depreciation, amortization, loss on disposal of fixed assets
included in operating expenses.)
8
Consolidated Ordinary Income
70
62.6
50
<Interim>
<unit: bn JPY>
40.9
30
1H/FY07
JPY62.6bn
10
FY03
FY04
1H
1H
FY05
FY06
FY07
1H
1H
1H
Largest ever
-10
-13.4
-18.2
-19.3
-25.9
-30
-50 -45.9
-53.6
-70
-63.8
9
Consolidated Net Income
61.7
60
<Interim>
<unit: bn JPY>
40
14.4
20
0
FY03
FY04
1H
1H
FY05
FY06
FY07
1H
1H
1H
-6.0
-4.1
1H/FY07
JPY14.4bn
-20
-29.7
-40
-44.1
-60
-80
-53.8
-55.8
-77.3
10
FY2007/Q2
Quarterly
Consolidated Earnings
11
Q2/FY2007 Summary of
Consolidated Earning Results
<Quarterly> <unit: bn JPY>
<Quarterly>
FY07/Q2
FY06/Q2
(Jul-Sept 06)
(Jul-Sept 05)
Net sales
625.9
264.1
+361.7
EBITDA
124.0
30.7
+93.3
Operating
income
58.1
7.5
+50.6
Ordinary income
36.6
(0.4)
+37.1
Income before
income taxes and
minority interest
89.5
25.1
+64.4
Net income
13.0
6.9
+6.0
Year on year
12
Consolidated Net Sales
625.9
600
494.2
500
350.3
400
300
200
100
(SOFTBANK MOBILE)
231.5
258.6
298.4
68.4
80.6
42.0
42.2
88.6
89.7
264.1
58.5
65.1
34.4
36.7
87.3
287.4
81.5
Mobile
communications
55.8
61.1
44.4
45.2
Others
E-Commerce
Internet Culture
81.8
84.3
Fixed-line telecom
(SOFTBANK TELECOM)
63.9
71.3
70.9
62.7
Q1
Q2
FY06
Q3
Q4
Q1 Q2
FY07
61.0
0
64.6
BB Infrastructure
13
58.1
54.3
60
50
40
34.3
30
Q2/FY07
23.5
58.1bn JPY
20
7.5
10
0
-10
-20
FY04
Q1
FY05
FY06
Q1
Q1
-3.1
-3.8-2.9
-6.6
-7.5
-8.8
-11.0
-15.1
Largest ever
FY07
Q1
-24.1
-30
-33.7
-40
14
60
54.3
50
29.3
27.2
Impact of sale of ADSL
modem rental business
40
(SOFTBANK MOBILE)
29.4
7.6 28.3
27.3
20
7.5
10
FY04
Q1
FY05
Q1
-20
Q2/ FY07
58.1bn JPY
15.9
FY06
Q1
-2.9
-3.1
-3.8
-6.6
-7.5
-8.8
-11.0
-15.1
-10
-40
Mobile communications
7.0
23.5
-30
+29.3bn JPY
34.3
30
0
58.1
FY07
Q1
Largest ever
-1.2 -0.6
-24.1
-33.7
15
Consolidated EBITDA
130
124.0
104.3
110
90
73.6
55.8
(SOFTBANK MOBILE)
73.6bn JPY
70
54.9
50
44.7
30.7
19.5
16.2
6.0 15.8
5.9
1.40.1
30
10
-10
FY04
Q1 -7.0
-16.6
FY05
Q1
FY06
Q1
50.4
48.5
Q2/ FY07
124.0bn JPY
Largest ever
FY07
Q1
（EBITDA： Operating income (loss) + depreciation, amortization, loss on disposal of
fixed
assets included in operating expenses.)
-30
-26.2
16
Consolidated Non-operating Profit
Q2/FY07
Interest income
Equity in earnings under
the equity method
Interest expense
Others (Net)
Total
1.0
Q2/FY06
<Note for FY07>
0.3
(1.0)
2.7
(17.9)
(6.9)
(3.5)
(4.2)
(21.4)
(8.0)
Excluding SBI from
equity method (from
Aug.)
SOFTBANK (4.4)
BB Mobile (9.5)
17
Consolidated Ordinary Income
40
36.6
29.7
25.9
30
20
Q2 /FY07
11.2
10
0
FY04
Q1
FY05
FY06
Q1
Q1-0.4
FY07
Q1
36.6bn JPY
Largest ever
-8.0
-8.6-9.6
-11.3
-11.6
-14.2
-13.0
-10
-20
-23.0
-30
-30.6
-32.1
-40
18
Q2/FY07
Ordinary Income
Special Income, net
36.6
52.9
Q2/FY06
<Note>
(0.4)
Gain on sales of SBI
shares 64.5
25.6 Loss on buyback of Euro
bond
Income before
income taxes and
minority interest
89.5
25.1
Income taxes: Current
70.8
11.6
Income taxes: Deferred
(3.1)
(0.1)
8.9
6.7
13.0
6.9
Minority Interest
Net Income
(7.3)
Tax provision for gain on
sales of SBI shares 58.7
Primarily Yahoo Japan
Corporation
19
39.7
40
30
22.0
20
13.0
11.8
6.9
10
0
Q2/FY07
FY04
FY05
Q1
Q1
FY06
Q1
1.4
FY07
13.0b JPY
Q1
-10
-20
-26.5
-30
-40
-27.2
-34.7
-42.6
-50
-11.1
-13.4
-16.3 -17.8
20
Consolidated Operating CF
122.4
120
100
80
64.6
122.4bn JPY
61.9
60
Q2/FY07
40
Largest ever
20
13.8
6.6
0
-20
-40
FY04
Q1
FY05
Q1
FY06
Q1
0.2
-11.3-11.9
-15.2
-15.8
-18.2
-18.7
-25.4
-37.8
FY07
Q1
21
Operating Income by Segment
58.1
60
54.3
50
(SOFTBANK MOBILE)
40
34.3
30
23.5
BB Infrastructure
20
Internet Culture
7.5
10
0
Q1/FY05
-10 -3.8 -2.9
Q1/FY06
-7.5
-3.1
-11.0
Q1/FY07
e-Commerce
Fixed-line telecom
(SOFTBANK TELECOM)
Others
-20
-30
22
EBITDA by Segment
140
124.0
120
104.3
Consolidated EBITDA
100
(SOFTBANK MOBILE)
80
54.9
60
BB Infrastructure
44.7
Fixed-line telecom
40
20
(SOFTBANK TELECOM)
30.7
15.8
6.0 5.9
Internet Culture
16.2
19.5
e-Commerce
0
Q1/FY05
-20
Q1/FY06
Q1/FY07
Others
23
Net Debt
<unit: bn JPY>
2,500
Consolidated net debt(*1)
JPY2,049.1bn （as of Sept 30）
2,000
SOFTBANK MOBILE
Bonds:JPY100bn
1,500
1,000
Investment by SOFTBANK and
Yahoo Japan Corporation:
JPY320bn
CB
531.6
500
454.6
372.7
＋
LBO bridge loan：
JPY1,173.8bn
(Non-recourse)
0
05/Mar
06/Mar
06/Sep
Net debt increased due
to the acquisition of
SOFTBANK MOBILE（*2）
(*1) Consolidated net debt excludes 59.9bn of 2011 Euro notes, of which 99% was repurchased as of the end of October
after defeasance.
(*2) Costs of acquisition and of acquisition financing are not included.
24
Secure financial flexibility (SOFTBANK CORP.)
Issuance of Euro Notes
Total of
issuance
EUR500m *
Price at
issue
Coupon
rate
99.335% of par
Period
(Approx.
JPY74.8bn)
Approx. 7.75%
（Approx. 5.2% in
JPY Equivalents）
Renewal of Commitment line
New
facility
JPY179.0bn
(＋18.0bn year-onyear)
Participating 37 institutions
financial
(＋11 year-on-year)
institution
Period
1 year
7 years
Expansion of investors’ base
*Converted using a rate of €1=JPY149.72. As of 29 September.
25
Progress Status for Refinancing Vodafone K.K.
Acquisition (1)
Received commitment of participation from
financial institutions
Planned aggregate principal： JPY1,450 bn
Method：
WBS
(Whole Business Securitization)
Execution date：
End of November (planned)
Class A
Class B
Breakdown
JPY1,150bn
JPY300bn
Final Legal
maturity
Preliminary
rating
10 years
13 years
JCR *1 : AAMoody’s/S&P : A
JCR: AMoody’s/S&P :BBB
*1. Japan Credit Rating Agency, Ltd.
26
Progress Status for Refinancing Vodafone K.K.
Acquisition (2)
Bridge loan
Refinance facility
Facility：JPY1.28t
Maturity：End of March 2007
Total facility： JPY1.45t
Final Legal Maturity：10 to 13 years
Lenders
（17 institutions）
repay
SOFTBANK
MOBILE/
BB MOBILE
loan
CF from mobile
business
Secured by major
assets, etc
WBS Funding
Class A JPY1.15t
Class B JPY300bn
Received
commitment of
participation
Investors
¾
Aggregate through WBS
:Clarify the nature of nonrecourse (Future cash flow generated
by mobile telecom business is securitized.)
¾
Possible to be rated relatively higher than corporate rating
:Interest rate cut effects
27
Mobile communication business: Key data
(Quarterly)
Number of Subscribers
ARPU＊
（unit: million）
14.96
16
14.99
15.11
15.20
15.24
15.30
7,000
6,000
5,870
5,930
5,840
05/Q1
Q2
Q3
5,600
5,590
5,700
Q4
06/Q1
Q2
5,000
12
8
＊Excluding cancellation fee
（unit: JPY）
13.66
13.23
12.79
12.17
11.52
10.74
4,000
3,000
3G Subscriber
Ratio: 29.8%
2,000
4
0
2G
3G
1.29
1.75
2.31
05/Q1
Q2
Q3
3.03
3.71
Q4
06/Q1
4.56
1,000
0
Q2
Churn rate
Average acquisition cost per gross addition
2.0%
50,000
（unit: JPY）
46,100
44,900
1.69%
44,900
45,600
44,400
43,800
06/Q1
Q2
1.61%
1.59%
1.50%
1.47%
40,000
1.27%
30,000
1.0%
05/Q1
Q2
Q3
Q4
06/Q1
Q2
05/Q1
Q2
Q3
Q4
28
Progress on 4 commitments
- Speed
- Innovation
29
1. 3G Network expansion
30
3G Network expansion: Base station
Target as of Mar. 07:
46k BS
End of Sept 06
Number of 3G BS: 24,539 BS
(Compared to June end: ＋1,768 BS)
Population coverage: 99.97％
05/3
06/3
Vodafone
06/9
07/3
31
Solve coverage issues: Improve customer satisfaction
Network satisfaction*
Improved 9 points
Along with BS expansion
(June 06 as a benchmark)
100
*Research conducted by outsourced third party
06/6
06/7
06/8
06/9
06/10
32
Better coverage of residential areas
Improve coverage around most frequently used residential areas
to meet user demand
Install home antennas free of charge*1
Outside of house
Indoor
Display prevented
due to protection of rights.
Display prevented
Before installation
of home antenna
After installation
of home antenna
～
*1 Applications are available until March 31, 2007. Campaign will end when the number of applications
reaches 200k.
33
HSDPA high speed service
Expanding coverage area for mobile broadband
Roll out beginning with government-designated cities
Launched HSDPA handset/Datacard
Number of BS:
over 3,000
(as of Oct. 06)
SoftBank X01HT
SoftBank C01SI
Scheduled roll out
nationwide to major cities
34
2. 3G Handset Enrichment
35
Expand handset line-up: “Slimness” “Color” & “Camera”
706SC （Samsung）
910SH （SHARP）
Slimness
Color
Japan’s thinnest*1 Biggest color
12.3mm
selection: 65*2
Camera
5M pixel
3x optical zoom
*1 Among folding type 3G handsets, sold in Japan as of 28th Sept. 2006.
*2 Number of color variations launched on 28th Sept. 2006. (Including 2 additional models with 11 colors
to be announced)
Comparison with other carriers, model colors for fall/winter 2006
36
Rollout of characteristic handset: Slimness
No.1
“705SH(SLIMIA)”:
*1sales
for 2 consecutive months among all models
New launch of additional thin models
706SC
705SC
705P
705N
14.8ｍｍ
16ｍｍ
Japan thinnest*2 World thinnest*3
12.3ｍｍ
12.9ｍｍ
Launched
on 10/27
Launched
on 10/14
Launched
on 10/7
Plan to
launch in Dec.
*1 Based on cumulative sales number from Aug. to Sept. (after launch of this model). Based on GfK Japan data
(calculated based on actual sales of national mass retailers)
*2 Among folding type 3G handsets sold in Japan as of 28th Sept. 2006.
*3 Among slide type 3G handsets sold worldwide as of 28th Sept. 2006
37
Expand handset line-up: Handset & Color
＜Trend of Launched number of handsets＞
（No. of colors）
（No. of models）
70
14
60
12
10
No. of handsets
50
No. of colors
40
15 models 65 Colors
30
To be launched
this year
20
(Including unpublished 2 models
with 11 colors*)
8
6
4
2
10
0
0
6
5
6
4
r 0 ter 04 ter 0 ng 06 er 0 ter 0
e
mm Win ll/win Spri umm ll/win
S
Su
Fa
Fa
Significantly expand the
number of handsets and colors,
as well as handset vendors
*to be launched in Nov.
38
Expand handset line-up: Number of models*1
15*2
12
SoftBank
NTT DoCoMo
au
8
7
8
Number of fall/winter 06 models
scheduled to launch in CY2006
11
Overwhelm competitors with
Number of handsets launched
our handset line-up
at the same time last year
*1 Company’s estimate based on materials released by other companies
*2 including 2 unpublished models to be launched in November 2006.
39
Expand handset line-up: Number of colors*1
37
SoftBank
NTT DoCoMo
au
16
18
34
65*2
29
Number of colors of fall/winter 06
models scheduled to launch in CY2006
Respond to users’ preferences with
multiple color variations
Number of handset colors
launched at the same time
last year
*1 Company’s estimate based on materials released by other companies
*2 including 2 unpublished models to be launched in November 2006.
40
3. Enhance content
41
Introduction of Yahoo! Keitai
Yahoo! JAPAN’s PC site is available through your mobile device
Easier access to the Internet
Mobile site
PC site
Display prevented
Display prevented
Number of search queries in Oct.
Number of top page views in Oct.
Increased
approx. 3 times！
Increased more than
34 times！
(compared with Sept.)
(compared with June)
42
Dramatic increase in search traffic
Introduction of
Yahoo! Keitai
No. of total search queries
No. of average search queries/day
No. of avg. search queries/ day
Increased
approx.
3 times!
(compared with Sept.)
Oct 05
Oct 06
Vodafone Live!
43
Dramatic increase in page views (total)
Introduction of
Yahoo! Keitai
Placed link to
“Yahoo! JAPAN”
on the top page
Yahoo! Keitai
No. of total page views/day
Increased more than
8 times!
(Compared with the end of Jun)
4/1
7/1
10/31
44
Dramatic increase in page views (Top page)
Introduction of
Yahoo! Keitai
Placed link to
“Yahoo! JAPAN”
on the top page
No. of top page views/day
Increased more than
34 times!
(Compared with the end of June)
4/1
7/1
10/31
45
Roll out Internet service to mobile
Software service on the Internet :Yahoo! mocoa
Fixed line (PC)
Mobile
Display prevented
Permanent address
Display prevented
Easy to manage
Large storage
Display prevented
OK to change handset
Access available anytime and anywhere
46
Roll out ASP service
from Yahoo! BB experience to mobile
Launch “Mobile security” service
Display prevented
Display prevented
Exceeded 500k
of billing customers
（SoftBank X01HT*1）
Download ratio: approx. 40%*2
Provide software service to mobile which is evolving
into “portable PCs”
*1 Windows Mobile® 5.0 mounted handset
*2 Divide number of download by number of handset sold（10/14～10/31）
Campaign underway which remit monthly fee for max. 6 month (normally 315JPY per month incl. tax) from Oct 14,
2006 to Mar 31, 2007)
47
More Internet to mobile
Evolution of communication
S! Town
Find friends who have common interests
Display prevented
Enjoy chatting or mini games
at virtual town
Hot status
Know friends’ status
Display prevented
Select appropriate
way to communicate with
Propose much fun mobile life beyond voice service
48
4. Enhance Sales
Structure and Brand
49
Introduce New Price Plans
“Incredible Discounts”＝Gold Plan + New Super Bonus
Gold Plan
Orange Plan
Blue Plan
Easier to switch from other carriers
Easier-to-understand price plans
Reset the mobile market
50
Subscription status in October
Net additions： 23,800
MNP port-in:
MNP port-out:
Gross adds (other than MNP):
Churn (other than MNP):
31,100
55,000
192,100
144,400
51
Subscription status in November
(from November 1 to November 7)
Net additions： 28,000
MNP port-in:
MNP port-out:
36,400
43,500
Gross adds (other than MNP):
Churn (other than MNP):
62,800
27,700
52
SOFTBANK’s
Business strategy
53
Mobile + PC
54
Realize true FMC
From infrastructure to portal/content
Other telecommunication
carriers
Broadband content
Common Portal
Linked ID
Platform
Charge/billing/authentication/settlement
Broadband infrastructure
Only SOFTBANK can provide true FMC services
55
What true FMC will bring
User-centric services
Fun
Fun activities for PC such as
videos, online games and SNS will
be brought to mobile phone users.
Convenience
Convenient PC use such as an easy
to navigate portal for your mobile.
Ability to use your mobile as
mobility PC.
Low cost
Same content provided to PC
users available to mobile
phone users. Able to provide
extensive content at a low cost.
56
Mobile phone will become a
lifestyle platform
Broadband
Value added
Display prevented
Lifestyle Platform
PC
Mobile
time
Communication means
57
Improve profitability
Average revenue per user (ARPU)
ARPU
headroom
data
Lifestyle
・music
・broadcast
・game
・sports
・media
・commerce
・finance
…and more!
voice
Aim to improve profitability by proposing
new lifestyles to users
58
Provide lifestyle changes for users
Business development from the point of view of service/content
Display prevented
Mobile
Display prevented
Display prevented
Community
Shopping
Display prevented
Display prevented
Movies・TV
PC
Display prevented
Games
Create more services/content with convenience and fun in the future.
59
Stepping stone to
broadband content
－Video services
－SNS
60
Evolution of Yahoo! Streaming
Expand functions centering on interactivity
Sept 06
Oct 06
◆User review
function
◆Blog search
Display prevented
Display prevented
May 06
◆RSS
Display prevented
Display prevented
July 06
◆Recommendation function
Display prevented
61
Video service on Yahoo! JAPAN
（ million）
【Unique user trend】
Video service on Yahoo! JAPAN*
8
G service by U company
No.1 unique user
7
base for video service
6
5
8.259 million
4
(as of the end of Sept 06)
3
2
Source： Access from home,
researched by NetRatings Japan, Inc.
1
*Yahoo! Streaming, Yahoo! Movie,
Yahoo! News and others
0
May 06
June 06
Juy 06
Aug 06
Sep 06
62
Take competitive lead in multicast system
(OLM) *
Common streaming
video
streaming
server
transit
Backbone
video
streaming
server
transit
Backbone
Small traffic
Big traffic
Access NW
Access NW
Significant reduction in redundant traffic and infrastructure costs by
using P2P technology
63
*Distribution technology using OLM (overlay multicast)
Establishment of MySpace Japan K.K
Bring the world’s largest
social networking service to Japan
News Corporation
50％
Worldwide
comprehensive
media company
50％
Know-how of
Internet
Display prevented
MySpace Japan K.K
CEO ： Makoto Koyama
Capital： 590 million yen
Roll out services suited to the Japanese market
64
World’s largest SNS
＜http://jp.myspace.com＞
Japanese version (beta version) of “MySpace” starts
Services for
all the world
OK to
customize
design
(7
(7 countries,
countries,
44 languages)
languages)
OK to
participate
without
being invited
Display prevented
OK
OK to
to post
post
text,
text, images,
images,
music
music
Hold
Hold Secret
Secret
Show
Show
Registered：125 m people
User increase pace：3.5 user per sec.
（Births in the world: 2.5 births per sec.）
Study generation of synergies through application
to mobile and with the Group’s services
65
Registered user trend
(m users)
120
100
Astonishing growth
in less than 3 years after start
myspace.com
125 m users (Oct.)
80
60
Domestic site M:
5 million users
(July)
40
20
0
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
66
Global partnership
Partner with the world’s prominent
companies in a wide range of fields
Internet
Vodafone
Media
Telecom
E-commerce
News Corporation
Media
MySpace.com
SNS
67
SOFTBANK’s future goal
Infrastructure/Platform・Portal/Contents No.1
business
finance
commerce
publication
sports
game
broadcast
music
Platform/Portal
Infrastructure
68
Lifestyle Company for the 21st Century
Display prevented
Display prevented
Display prevented
Display prevented
Amusement: Broadcasts,
sports, games
Housework: Auctions,
online shopping
Display prevented
Display prevented
Display prevented
Display prevented
Travel: Hotels, airport
Business: Mobile office
Display prevented
Finance: Online trading
Display prevented
Display prevented
Display prevented
Display prevented
Display prevented
Display prevented
Healthcare: Home
healthcare
Display prevented
School: Online
Display prevented
education
Broadband available to all living people everywhere
69
SOFTBANK’s Fundamental Management Policy
Endeavoring to benefit society and the
economy and maximize enterprise value
by fostering the sharing of wisdom and
knowledge gained through the IT revolution.
70
http://www.softbank.co.jp
This presentation contains forward-looking statements including statements regarding future events,
future strategies or future performance of SOFTBANK CORP. that involves risks or uncertainties. In
evaluating these statements, a recipient thereof should specifically consider various factors that
could cause actual events or results to differ materially from those indicated, including without
limitation; continuing decline in the general economic conditions, general market conditions,
customer demand for products and services, increased competition, inherent risk in the international
operations and other important factors.
71

softbank mobile

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