Softbank Group Corp. · TSE:9984
Softbank — Investor Presentation (March 2013)
17 slides from Softbank's investor presentation, March 2013
Slide 1: Voluntary Adoption of International Financial Reporting Standards (IFRS)
Voluntary Adoption of International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 2014 March 2013 SoftBank Corp. p 1
Slide 2: Objectives of this material and the notes
Objectives of this material and the notes SoftBank will adopt IFRS to its consolidated financial statements in lieu of th currentt JGAAP from the f the th fiscal fi l year ending di March M h 2014, 2014 andd will ill disclose its consolidated financial statements according to IFRS from the first q
Slide 3: Disclosed information after IFRS transition for the quarterly period ending June 2013
1. Disclosed information after IFRS transition for the quarterly period ending June 2013 Materials to be disclosed Opening BS, Information for the period ending Comparative Information for current year Jun. 2013 Transition Date Reporting （4/1/2012） Date ▼ ▼ 2012 2013 2013 Mar. End Jun. End Mar. End
Slide 4: Disclosed information after IFRS transition for the fiscal year ending March 2014
1. Disclosed information after IFRS transition for the fiscal year ending March 2014 Materials to be disclosed Transition Date Opening BS, Information Reporting （4/1/2012） Comparative Information for the current year Date for the fiscal year ending ▼ ▼ Mar. 2014 2012 2013 2014 Mar End Mar. M End Mar
Slide 5: Summary of the impact on F/S (1) P/L, B/S
2. Summary of the impact on F/S (1) P/L, B/S For nine-month period ended December 31, 2012 (JPY billion) P/L Items J GAAP IFRS Impact Net sales 2,509.8 2,348.4 (161.4) Operating income 600.1 631.4 + 31.3 Income before income taxes 525.7 580.2 + 54.5 Net income 235.4 (*1) 308.7 + 73.3 (*1) Profit att
Slide 6: Summary of the impact on F/S (2) C/F
2. Summary of the impact on F/S (2) C/F For nine-month period ended December 31, 2012 (JPY billion) C/F Items J GAAP IFRS Impact Cash flows from operating activities 595.4 521.3 (74.1) Cash flows from investing activities (746 1) (746.1) (768 0) (768.0) (21 9) (21.9) Cash flows from financing activi
Slide 7: P/L after IFRS reclassification
3. P/L after IFRS reclassification For nine-month nine month period ended December 31 31, 2012 (JPY billion) Of the items in non- Nine-month period operating income/losses under JGAAP,, those P/L ended d d which are not applicable December 31, 2012 to finance income , Net sales 2,348.4 fiance expens
Slide 8: Reconciliation of Operating income and Net income from JGAAP to IFRS
4. Reconciliation of Operating income and Net income from JGAAP to IFRS For nine-month nine month period ended December 31 31, 2012 (JPY billi billion)) Operating income Net income JGAAP 600.1 JGAAP 235.4 (1) No amortization of goodwill + 47.9 (1) No amortization of goodwill + 55.1*1 (2) Change in s
Slide 9: B/S after IFRS reclassification (1) Assets
5. B/S after IFRS reclassification (1) Assets As of December 31 31, 2012 (JPY billion) Opening BS as of As of Assets April 1, 2012 December 31, 2012 (Current assets) 1,960.5 2,151.5 Cash and cash equivalents 1,021.1 1,063.6 Trade and other receivables 787.0 824.7 Other financial assets 10.4 82.3 Inv
Slide 10: B/S after IFRS reclassification (2) Liabilities and equity
5. B/S after IFRS reclassification (2) Liabilities and equity As of December 31 31, 2012 (JPY billion) Opening BS as of As of Liabilities and Equity April 1, 2012 December 31, 2012 (Current liabilities) 2 124 5 2,124.5 2 294 5 2,294.5 Interest-bearing debt 926.7 1,337.0 Trade and other payables 980.
Slide 11: Impact on B/S (1) Assets
6. Impact on B/S (1) Assets As of December 31 31, 2012 (JPY billion) B/S Items J GAAP IFRS Impact Description Recording the amounts related to securitized installment + 314.2 1. sales receivables at SBM on B/S Offset of receivables and payables from /to business (61.5) 2. partners settling the trans
Slide 12: Impact on B/S (2) Liabilities and equity
6. Impact on B/S (2) Liabilities and equity As of December 31 31, 2012 (JPY billion) B/S Items J GAAP IFRS Impact Description Recording the amounts related to securitized installment sales + 305.5 1. receivables at SBM on B/S R l Reclassification ifi ti off th the preferred f d securities iti (f (fr
Slide 13: Impact on C/F
7. Impact on C/F For nine-month nine month period ended December 31 31, 2012 (JPY billion) Adjustment items Operating C/F Investing C/F Financing C/F J GAAP 595.4 (746.1) 191.1 (1) Recording the amounts related to securitized (44.6) + 44.6 installment sales receivables at SBM on B/S (2) Change in sc
Slide 14: Comparison of results with segment breakdown
8. Comparison of results with segment breakdown <Net N t Sales> S l <Operating Income> (nine-month period ended Dec. 2012) (nine-month period ended Dec. 2012) 2,509.8 (JPY billion) (JPY billion) 2 348 4 2,348.4 631 4 631.4 600.1 1 697 9 1,697.9 1,533.1 389.9 415.7 Mobile -164.8 communications co u c
Slide 15: Differences in recording key items of mobile communications
9. Differences in recording key items of mobile communications Item Description Handset sales <JGAAP> Handset sales are booked upon the sale to a dealer. and Handset sales commissions are expensed. Handset sales <IFRS> Handset sales are booked upon the sale to a dealer. commission i i Handset sales
Slide 16: Appendix
Appendix SoftBank 16
Slide 17: PPA (Purchase Price Allocation)
PPA（Purchase Price Allocation） Assets/liabilities that fall into a category of intangible assets in a target company, such as customer relationships, trademarks, etc. must be booked at the fair value even though the target company has not booked them on their balance sheet. sheet (Price Purchase All