¥741.5 billion investment gain at Investment Business of Holding Companies
Unrealized gain on valuation of investments of ¥228.5 billion related to T-Mobile shares, derivative gain of ¥197.8 billion resulting from an increase in the fair value of the Contingent Consideration, and gain on investments in listed stocks and other instruments of ¥210.3 billion were recorded.
¥287.9 billion investment gain at SVF1, SVF2, and others
SVF1: Realized gain (net) of ¥309.7 billion. Unrealized gain on valuation totaled ¥198.9 billion for listed portfolio companies, where a gain totaling ¥899.4 billion recorded for six companies was partially offset by a loss totaling ¥700.5 billion recorded for nine companies, including Coupang. Unrealized gain on valuation (net) for unlisted portfolio companies totaled ¥97.3 billion.
SVF2 recorded realized gain of ¥97.0 billion and unrealized gain on valuation (net) of ¥49.1 billion.
¥219.4 billion investment gain at Latin America Fund
Unrealized gain on valuation was recorded due to an increase in the fair value of investments.
Income before income tax of ¥1,292.5 billion
Net income attributable to owners of the parent of ¥761.5 billion
Status of investment activities
SVF1: Further progress with public listings and monetization of investments
Investments: Made investments totaling $2.1 billion in the first quarter.
Portfolio: Held 82 investments (including 15 listed portfolio companies) as of the first quarter-end. Four companies were newly listed in the first quarter.
Monetization: SVF1 distributed the proceeds from the partial sale of investments in the first quarter, of which the Company received $1.5 billion.
SVF2: Active new investments
Investments: SVF2 made new investments in 47 companies, and some follow-on investments for a total of $13.5 billion in the first quarter, bringing the fund’s total cost to $20.2 billion. SBG increased its committed capital to $40 billion.
Portfolio: Held 91 investments (including seven listed portfolio companies) as of the first quarter-end. Four companies were newly listed in the first quarter.
Monetization: SVF2 distributed $2.1 billion to the Company with the proceeds from the partial sale and monetization of a listed portfolio company.
SoftBank Latin America Fund
The fund made investments totaling $0.8 billion in the first quarter, including new investments in 10 companies and follow-on investments in existing portfolio companies. As of the first quarter-end, the fund had 48 investments.*
Procured funds to meet funding needs in a disciplined yet flexible manner for debt repayment and new investments
In the first quarter, the Company issued domestic hybrid bonds of ¥405.0 billion. In addition, the Company raised $3.0 billion through prepaid forward contracts using Alibaba shares and $1.88 billion through borrowings using Alibaba shares (margin loan). In July 2021, foreign currency-denominated corporate bonds of $3.85 billion and €2.95 billion were also issued.
* Includes one investment accounted for as a subsidiary of the Company.
Consolidated Financial Report for the Three-Month Period Ended June 30, 2021 : Figures in the Number of average shares outstanding during three-month period, Basic earnings per share, and Diluted earnings per share for the three-month period ended June 30, 2021 are revised on August 16, 2021, due to errors.
You can find highlights of the past earnings results briefings on SoftBank Group Corp.’s YouTube channel.
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