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Additional information on the Asset Management Subsidiary described at the Earnings Results Briefing for the 3-month Period Ended June 30, 2020

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) today released the following additional information on the asset management subsidiary (the “Asset Management Subsidiary”) that was described at the recent Earnings Results Briefing.

About the Asset Management Subsidiary

PurposeManaging SBG’s excess cash and diversification of SBG’s assets
Capital investmentUSD 555 million (JPY 60 billion)
ShareholdingSBG 67%, Masayoshi Son, Chairman & CEO 33%
Size of Entrusted OperationsThe amount of cash and assets SBG entrusts to the Asset Management Subsidiary will fluctuate depending upon SBG’s liquidity needs, available cash, and the state of the assets SBG holds.
DisclosureInvestment holdings will be disclosed periodically as required in accordance with U.S. SEC, Tokyo Stock Exchange and other rules.
Investment criteriaPrimarily highly liquid publicly listed stocks
Investment methodEstablish a fund, SBG makes loans of cash and publicly traded securities to the fund, and the fund makes direct and derivative investments
Fund periodThe life of the fund will be 12 years + extension of 2 years (same as SoftBank Vision Fund)

If, at the end of the fund life, the Asset Management Subsidiary has any unfunded repayment obligations to SBG, Masayoshi Son has agreed to pay his pro rata share of any such unfunded obligations based upon his relative ownership percentage of the Asset Management Subsidiary.

  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.

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