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Difference between Forecasts and Actual Financial Results

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announced the difference between the financial results forecasts announced on April 30, 2020 and the actual financial results announced today as below.

1. Difference between forecasts and actual financial results for the fiscal year ended March 2020 (fiscal 2019)

(Millions of yen)

 Net salesOperating
income
Income before
income tax
Net income
attributable to
owners of the
parent
Previous forecasts (A)
(Fiscal 2019)
6,150,000(1,350,000)20,000(900,000)
Actual Results (B)
(Fiscal 2019)
6,185,093(1,364,633)35,492(961,576)
Change (B-A)35,093(14,633)15,492(61,576)
Change %0.6%-%77.5%-%
Reference: Results for the previous fiscal year
(Fiscal year ended
March 2019)
6,093,5482,073,6361,682,6731,411,199

2. Reasons for the difference

The difference in income before income tax primarily came from a change in the figure of “income on equity method investments” due to additional financial results data being obtained from an associate accounted for using the equity method after April 30, 2020.

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