PayPay Announces Confidential Submission of
Draft Registration Statement on
Form F-1 for Proposed Public Listing
in the United States

PayPay Corporation (hereinafter “PayPay”), a consolidated subsidiary of SoftBank Corp. (hereinafter the “Company”), announced today that on August 14, 2025 (U.S. time), it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission (hereinafter the “SEC”) relating to the proposed public listing (hereinafter the “Public Listing”) of American depositary shares representing its common shares (hereinafter the “ADSs”) on a U.S. stock exchange. The exact schedule, size and price for the Public Listing have not yet been determined. The feasibility of proceeding with the Public Listing is subject to market and other conditions and is contingent upon the completion of the SEC’s review process.

The Company intends that PayPay will continue to be a consolidated subsidiary of the Company following the completion of the Public Listing. The Company does not expect that any such listing would have a material effect on its consolidated results or financial position.

[Notes]

1. *
   This announcement is being made to provide certain information on PayPay and does not constitute an offer to sell, or the solicitation of an offer to buy, the ADSs or any other securities, either inside or outside of Japan. Any offers, solicitations or offers to buy, or any sales of the ADSs, will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended, and other applicable securities laws.

• SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
• Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.