Softbank Group Corp

Thank you very much for waiting, everyone. Now we would like to start the first one group co-op earnings results announcement for fiscal year ended March 31st, 2026. First of all, I would like to introduce today's participant. From left, we have Yoshimitsu Goto, board director and CFO. Kazuko Kimiwada, Corporate Officer, Senior Vice President and CAO. Navneet Govel, Executive Partner and CFO, SB Investment Advisors and SB Global Advisors. Jason Child, Executive Vice President and CFO. Today's announcement is live broadcast over Internet. Now I'd like to invite Yoshinitsu Goto to present you the earnings results and business overview. Thank you very much for joining our earnings announcement today during your business schedule. So I would like to update you with our two-year results. When we announced the third quarter announcement, I remained seated and make a presentation. I still have some in the recovery process for my knee, so let me stay seated for the presentation. Thank you very much for your understanding. For this year, Masa and together with us actually made every effort, and I believe we were able to make quite a good result and outcome. Market and environment, which we all know, that AI became even a bigger buzzword, making an influence. to the variety of places and segments in industry, this influence becoming bigger and stronger. And that is actually creating the good expectation as well as risk consideration as well. So I understand there are many discussions taking place here and there. From the SoftBanks Group point of view, we made quite a good capital intensive investment in the big AI infrastructure and now we start seeing the physical AI actually utilized in practice and at the same time AI agent real privilege execution is now discussed at the same time also sometimes this AI service can be replacing existing or traditional business in some extent and at the same time it may create the materializing the risk which has not been seen in the past And our vision, based on all those circumstances, we aim to become the number one ASI platform provider. And now that we are continuing our journey, and this was kind of a starting year for this fiscal year, We have shared this slide in many occasions by me, myself, and Masa himself, and there are four major pillars when it comes to ASI, AI model, AI chip, physical AI, and AI infrastructure. And here I would like to share how we've been developing in these areas. Especially, I would like to highlight those two, which is AI model and AI chip. For AI model, we have invested in OpenAI. And at the same time, they've been making a good growth, as we expect. And we've been having a good discussion when it comes to strategic collaboration. That is another good thing. benefit in terms of increasing our knowledge in AI. And for AI chip, of course, this is the main focus by ARM, and recently we saw market cap very near to the record level, $221 billion. For AI model, let me deep dive here. So in October this year, once we finish all those investments that we committed, that's going to lead us to $64.6 billion, which will be nearly 10 trillion yen under the current forex. And at the same time, we've been expanding strategic collaboration with OpenAI. For AI chip, which is led by ARM, Of course, Ampere is going to be in this section. And the biggest move that Arm made was to announce first in-house CPU chip recently. Also, we have completed the acquisition of Ampere. which I would like to touch on later pages. And also we have Jason, CFO of BARM, so if you have any questions, please do not hesitate to ask any questions to him. Physical AI, this is actually a long history in us. PIPA, you may recall, the humanoid robots that we started with. So physical AI section is has several good portfolio companies, of which about 20 of those portfolios have been covered together under Robo Holdings. And in addition, as we announced earlier, we have announced the acquisition the major robotics company ABB Robotics business so in the coming few months we are expecting that we will be able to close this acquisition transaction and that can be another good strength for our physical AI segment and that can be a great value added to our group Last but not least, AI infrastructure, which is led by SD Energy in United States. This entity is leading a main role, and also we announced the major Japan-US public-private project, which is the Ports Technology Campus, which is a symbolic project for this AI infrastructure segment. Not only this project, but we also are looking at the development of further data center sites led by, mainly by SP Energy. And we are looking forward to have further development and the progress of such projects. And with these... efforts how does has that been contributed to our numbers here profit actually highest ever 5 trillion yen level in net income in this net income as far as we understand we believe this is highest EBA profit in Japanese corporate history from the net income highest EBA back in 2020 we achieved 4.9 trillion yen that was the highest and this time we were able to exceed that number in addition When you see to enterprise value, actually this is even more important indicator than P&L, which is net asset value. So from our assets held, this net debt, and here we are looking at 40.1 trillion yen for the net asset value for this quarter. Latest number pro forma basis, actually, as of this morning, an estimated basis, 47.7 trillion yen. That's a net number, so this is less interest-bearing debt.

Consolidated results.

net sales gain loss on investments income before income tax and net income in all segments we were able to make a significant growth across all profit measures as a key performance indicator net asset value as of the end of March this year 40.1 trillion yen And the latest number, pro forma basis, about 48 trillion. And the loan-to-value, which is net debt divided by equity value of holdings, 17.0% as of the end of March. Again, when you look at the previous year ends, actually making even improvement, even after the bigger investments that we have made. And the pro forma base, latest number, I would say 15-ish percent. But the balance sheet moves around, so this is just a four-year reference. So as of March end, I can say we've been improving, actually, since then in terms of loan-to-value. And cash position, as on financial policy, We always like to maintain our cash position to cover two-year equivalent of the bond redemption and actually this covers even more than that. And as a result, it comes to 3.5 trillion yen for the cash position as of the end of March. Now...