Adjusted EBITDA = operating income + depreciation and amortization (including loss on disposal of non-current assets) + stock compensation expenses ± other adjustments The definition of Adjusted EBITDA has been revised to include stock compensation expenses from FY2021, figure of FY2020 is restated accordingly
Net income attributable to owners of the Company: Net income attributable to owners of SoftBank Corp.
Excludes Rental mobile phones for enterprise customers, Z Holdings Corporation group, Shared equipment (contributions by other operators), and impact from adopting IFRS 16
Adjusted free cash flow = free cash flow + (proceeds from the securitization of installment sales receivables – repayments thereof)
Excludes A Holdings Corporation's and Z Holdings's free cash flow, net payments for obtaining the control of subsidiaries associated with the business integration with LINE Corporation, loans to board directors etc., and includes dividend received from A Holdings Corporation and Z Holdings Corporation
Figures have been adjusted retrospectively to reflect the completion of provisional accounting treatment for business integration of Z Holdings Corporation with LINE Corporation (FY2020)
Net interest-bearing debt = Interest-bearing debt – Cash and cash equivalents – Cash reserve for securitization of sales receivables Cash reserve for securitization of sales receivables is included in net interest-bearing debt from FY2020, figure of FY2019 is restated accordingly Until FY2018, Net interest-bearing debt = Interest-bearing debt – Cash and cash equivalents
Ratio of equity attributable to owners of the Company to total assets = total equity attributable to owners of the Company ÷ total assets
Net leverage ratio = Net Interest-bearing debt / Adjusted EBITDA. Adjusted EBITDA (LTM) used in the calculation of net leverage ratio includes retrospectively adjusted EBITDA of ZOZO Inc. for the period before consolidation (April to October 2019) and retrospectively adjusted EBITDA of LINE Corporation for the period before consolidation (April 2020 to February 2021)
Net income attributable to owners of the Company ratio (ROE) ＝Net income attributable to owners of the Company / Average of total equity attributable to owners of the Company at the beginning and end of the relevant period
SoftBank Corp. has adopted IFRS 15 for the fiscal year ending March 31, 2019, and applying this standard retrospectively for the period ended March 31, 2018. SoftBank Corp. has adopted IFRS 16 “Leases” from the fiscal year ended March 31, 2020. Transactions under common control are accounted for as if such transactions were executed by SoftBank Corp. and its subsidiaries on the later of the acquisition date of the transferred companies by SoftBank Group Corp. or the opening balance sheet date of the comparative period. Accordingly, figures for FY2018 was adjusted retrospectively for the transactions under common controls (including acquisiton of Z Holdings Corporation) occured in FY2019.