Full Year 2025 SoftBank Corp Earnings Investor Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : I'm Tokunaga from Daiwa Securities. First question, in the presentation just before, when the JPY1 trillion is exceeded and the shareholders' return will be also increased, which we really appreciate. For the forecast as a company, so that JPY100 billion of the -- includes some buffers as you explained. So the other companies' price hike is one also to be concerned, but what is the scenario you have in mind?

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : So regarding the customer acquisition. So in Q4, the promotion cost increased throughout the year. So I can tell that the acquisition cost has increased. So with this acquisition cost? And are you going to also target 1 million of the subscribers?

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : Let's say, if you were not to follow those other companies with price hike, what will be the situation?

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : Looking at the consumer in the fourth quarter, mobile went down due to customer acquisition cost. Going forward, should we expect lower acquisition cost? And also MNP, what's the status of MNP at the moment?

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : From whom you got more or most?

Question: Kazuki Tokunaga - Daiwa Securities - Analyst : Next question is about OpenAI. SB OpenAI Japan, Crystal Intelligence, and SBG's payment to OpenAI. Looking at those things, I wonder if you have any more clarity since the announcement 3 three months ago with regards to impact or potential impact on your financials.