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(As of January 13, 2012, in alphabetical order)

Rating Agency	Long-term Bond	Short-term Bond
JCR (Japan Credit Rating Agency)	A-	J-1
Moody's (Japanese only)	Baa3	-
S&P (Standard & Poor's)	BBB	-

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ANNUAL REPORT 2011

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Corporate Governance

The SOFTBANK Group is committed to maintaining strong management and corporate governance.

• Corporate Governance

CSR

The SOFTBANK Group proactively plays a unique role through its business to contribute to people's happiness.

• CSR