Live News • Jun 11
SoftBank Draws Gulf Billions for AI Infrastructure as UAE Plans 5-Gigawatt Campus Gulf sovereign funds, including Saudi Arabia’s PIF and Abu Dhabi’s Mubadala, have committed sizeable capital to SoftBank’s Vision Fund 1.
SoftBank has emerged as a key partner in the UAE’s Stargate AI project, which includes a planned 5-gigawatt computing campus.
Gulf states are channeling billions into AI infrastructure as part of broader efforts to become major hubs in the global AI sector and diversify their economies.
These developments highlight SoftBank’s position at the center of large-scale AI infrastructure plans backed by Gulf capital, tying its investment platforms to governments that are committing substantial resources to the sector.
Investors may want to watch how revenue-sharing terms, capital commitments, and execution on projects like Stargate affect SoftBank’s risk profile and exposure to long-duration AI infrastructure bets. Live News • May 31
SoftBank Plans €75 Billion AI Data Center Investment in France as OpenAI IPO Approaches SoftBank Group plans to invest up to €75b (about US$87.5b) to build and expand AI data center infrastructure in France, its largest AI-related commitment in Europe so far.
The project targets up to 5 gigawatts of additional data center capacity, with 3.1 gigawatts planned in the Hauts-de-France region by 2031 and around €45b of the total spend directed to these northern French facilities by that date.
SoftBank holds a 13% stake in OpenAI, which is reported to be preparing for an IPO, while SoftBank itself is also planning an IPO of its SB Energy unit in the US.
This combination of a very large European AI infrastructure build-out and potential liquidity events around OpenAI and SB Energy highlights how closely SoftBank is linking its strategy to AI and energy infrastructure.
Investors may want to pay close attention to how SoftBank funds the planned €75b outlay, the execution risks around building 5 gigawatts of capacity, and the timing and structure of any IPO-related cash inflows. Announcement • May 12
SoftBank Corp., Annual General Meeting, Jun 23, 2026 SoftBank Corp., Annual General Meeting, Jun 23, 2026. Reported Earnings • May 12
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥11.35 (up from JP¥10.99 in FY 2025). Revenue: JP¥7.04t (up 7.6% from FY 2025). Net income: JP¥541.4b (up 4.1% from FY 2025). Profit margin: 7.7% (down from 7.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 04
SoftBank Corp. to Report Fiscal Year 2026 Results on May 11, 2026 SoftBank Corp. announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 11, 2026 Buy Or Sell Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥211. The fair value is estimated to be JP¥265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.30 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 72% and the cash payout ratio is 76%. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Announcement • Mar 06
Softbank Corp. Unveils Telco Ai Cloud and Aitras Platform SoftBank Corp. unveiled its strategy for the next-generation of social infrastructure, marking a fundamental evolution in the role of telecommunications carriers. SoftBank announced its transition from a traditional carrier that simply moves data – raw, uninterpreted data packets – to an AI-native infrastructure provider enabling distributed AI workloads across edge and cloud environments. SoftBank's Telco AI Cloud vision evolves the network into a central nervous system: an active computation platform that operates AI models directly within the infrastructure. Through AI-RAN-based MEC (Multi-access Edge Computing), SoftBank can now orchestrate and broker AI workloads across this distributed edge, offloading GPU compute to deliver real-time, reliable inference where it is needed. By embedding this intelligence from the core to the edge, SoftBank is creating a distributed platform that delivers meaning, not just data, enabling immediate decision-making for robotics, autonomous systems, and smart cities. For Physical AI, this means resource-constrained robots can now perform complex, scalable behaviors that would otherwise be difficult to achieve independently; powered not by what they carry but by the network intelligence that surrounds them. A key highlight of the announcement was SoftBank's focus on 'Physical AI': the convergence of AI with the physical world of robotics. Unlike traditional centralized clouds, Telco AI Cloud brings intelligence to the edge, enabling robots to make split-second decisions based on sensor data, performing complex behaviors that their onboard hardware alone could not independently support. Following a collaboration with Yaskawa Electric Corporation focused on deploying robots in real-world environments, SoftBank successfully demonstrated a joint proof-of-concept with Ericsson. The demonstration showcased how AI-RAN networks can optimize connectivity for robots, ensuring the stability required to work safely alongside humans in dynamic environments. In collaboration with Mitsubishi Heavy Industries Ltd., SoftBank is deploying its 'AITRAS' platform in edge data center environments to support industrial use cases. This initiative brings secure AI inference to factory floors, promoting digital transformation in the manufacturing sector and helping to address labor shortages through automation. To foster global innovation, SoftBank has open-sourced the Dynamic Scoring Framework (DSF), a core function of the AITRAS Orchestrator, SoftBank's AI-RAN product. By sharing this technology with the open-source community, SoftBank aims to lower barriers to entry for AI-RAN adoption, inviting developers worldwide to contribute to a more efficient and accessible global infrastructure. SoftBank's Telco AI Cloud vision represents more than a technological upgrade; it is a fundamental shift from transporting data to distributing intelligence. By evolving the network into a ubiquitous AI platform, SoftBank enables the network to not just connect devices but empowers carriers with immediate, context-aware understanding, wherever they operate. Whether alleviating labor shortages through intelligent automation, enhancing industrial safety with edge AI, or enabling robots to perform beyond their own hardware limitations through network-distributed compute, SoftBank is building a central nervous system for society, one where distributed AI infrastructure serves as the catalyst for a more sustainable, productive, and connected future for all. Announcement • Feb 27
Northeastern University, SoftBank Corp., Keysight, and zTouch Networks Demonstrate LTM-Powered Autonomous Agentic AI-RAN at MWC Barcelona 2026 Northeastern University's Institute for Intelligent Networked Systems (INSI), SoftBank Corp. (SoftBank), Keysight Technologies, and zTouch Networks are demonstrating Autonomous Agentic AI-RAN (AgentRAN) at Mobile World Congress (MWC) Barcelona 2026. AgentRAN is a first-of-its-kind system that coordinates a hierarchy of AI agents to translate high-level operator intents into real-time, autonomous 5G and 6G network configurations and services. The demonstration is the latest milestone in a collaboration anchored at Northeastern University, where INSI has served as a nexus for industry-ac academic partnerships at the frontier of intelligent wireless networks. Over the past few years, Northeastern has built deep research ties with SoftBank on AI-native architectures, leading to multiple publications, AI-RAN Alliance demonstrations, and innovation in next-generation wireless. INSI collaborate with Keysight on AI-RAN testing and spun off zTouch Networks to commercialize technology on open, GPU-accelerated RAN infrastructure. This demo brings those threads together for the first time around a shared vision: truly autonomous, AI-driven radio access networks. At the heart of the demo is AgentRAN, developed at Northeastern's Open6G AI-RAN Alliance Lab. Operators express goals in natural language - such as "maximize throughput while prioritizing emergency traffic" - and the AgentRAN Manager decomposes these intents into actions for specialized agents operating across the RAN stack. The agents are powered by the SoftBank's Large Telecom Model (LTM), a purpose-built foundation model trained on telecom-specific KPIs, configurations, and domain data--f further optimized with high-fidelity training data generated using Keysight's RF digital twin channel emulation solutions with real world accurate 3D ray tracing capabilities (RaySIM, PROPSIM) for more accurate decisions than generic cloud models can deliver. The Northeastern Open6G AI-Ran lab, using Keysight's PROPSIM, demonstrates multiple agentic scenarios, deployed on an end-to-end programmable private 5G AI-RAN infrastructure, managed and orchestrated by zTouch Networks' zTouch.OS. Using Keysight's AI-RAN performance scoring solution, the system shows clear performance gains linked to the use of SoftBank's LTM, high fidelity training datasets generated by Keysight RF digital twin solutions, and zTouch Networks' zTouch".OS. Reported Earnings • Feb 10
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥2.82 (up from JP¥2.33 in 3Q 2025). Revenue: JP¥1.79t (up 8.1% from 3Q 2025). Net income: JP¥134.4b (up 22% from 3Q 2025). Profit margin: 7.5% (up from 6.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 21
Softbank Corp. Announces "Infrinia AI Cloud OS," a Software Stack for AI Data Centers SoftBank Corp. announced that its Infrinia Team, which works on the development of next-generation AI infrastructure architecture and systems, has developed "Infrinia AI Cloud OS," a software stack designed for AI data centers. In addition, the software stack is expected to reduce total cost of ownership (TCO) as well as operational burden compared with bespoke solutions or in-house development. This will enable the rapid delivery of GPU cloud services that efficiently and flexibly support the full AI lifecycle--from AI model training to inference. SoftBank plans to deploy 'Infrinia AI Cloud OS' initially within its own GPU cloud services. Furthermore, the Infrinia Team aims to expand deployment to overseas data centers and cloud environments with a view to global adoption. As a result, user needs and usage patterns for AI computing are becoming increasingly diverse and sophisticated, and requirements including the following have emerging: Access to infrastructure that is fully managed by GPU cloud service providers, abstracted GPU bare-metal servers; Cost-optimized, highly abstracted inference services without concerning with GPU management; Advanced operations in which AI models are trained and optimized on centralized servers and deployed for inference at the edge. Building and operating GPU cloud services that meet these requirements requires highly specialized expertise and involves complex operational tasks, placing a significant burden on GPU cloud service providers. To address these challenges, the Infrinia Team developed "Infrinia AI cloud OS," a software stack that maximizes GPU performance while enabling the easy and rapid deployment and operation of advanced GPU cloud services. Key Features of "Infrinia AI CloudOS" Kubernetes as a Service: Reduces the operational burden of managing the physical infrastructure and the Kubernetes software layer by automating the entire stack (from BIOS and RAID settings to the OS, GPU Drivers, networking, Kubernetes Controllers and Storage) on GPU Platforms such as NVIDIA GB200 NVL72; Software-defined dynamic, on-the-fly physical connectivity (NVIDIA NVLink) and memory (Inter-Node Memory Exchange) reconfiguration, as the customers create, update and delete their clusters to suit their AI workload needs; Automatic node allocation based on GPU proximity and NVIDIA NVLink domain to reduce latency and maximize GPU-to-GPU bandwidth for highly distributed jobs; Enables users to deploy inference services simply by selecting Large Language Models, without working with Kubernetes or the underlying infrastructure; OpenAI-compatible APIs, enabling drop-in integration with existing AI applications; Seamless scaling across multiple nodes in core and edge platforms such as NVIDIA GB200 NV L72 and other platforms; Secure Multi-tenancy and High Operability; Tenant isolation through encrypted cluster communications and separation; Automation of operational maintenance, including system monitoring and failover; API environment for connecting to the AI data center's portal, customer management systems, and billing systems. These key features allow AI data center operators with customer management systems, as well as enterprises offering GPU cloud services, to add advanced capabilities that enable efficient AI model training and inference while flexibly utilizing GPU resources, to their own GPU service offerings. Announcement • Jan 07
SoftBank Corp. to Report Q3, 2026 Results on Feb 09, 2026 SoftBank Corp. announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 09, 2026 Declared Dividend • Dec 06
First half dividend of JP¥4.30 announced Dividend of JP¥4.30 is the same as last year. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 13% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 26
LevelBlue, LLC completed the acquisition of Cybereason Inc. LevelBlue, LLC signed a definitive agreement to acquire Cybereason Inc. on October 14, 2025. As part of the transaction, SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital, known for investing in disruptive and innovative technology, will become investors in LevelBlue, LLC.
Steven T. Mnuchin, former U.S. Treasury Secretary and Managing Partner of Liberty 77 Capital L.P., will join LevelBlue’s Board of Directors.
The transaction is subject to customary closing conditions and regulatory approvals.
Banco Santander, S.A. acted as financial advisor for LevelBlue, LLC. Adam Kool, Steven Cantor, Maureen Dixon, John Kaercher, Jeremy Mandell, Corey Fox, and Jacob Klapholz of Kirkland & Ellis LLP acted as legal advisor for LevelBlue, LLC. J.P. Morgan Securities LLC acted as financial advisor for Cybereason Inc. Goodwin Procter LLP acted as legal advisor for Cybereason Inc. Michael Vogel of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for Liberty 77 Capital L.P.
LevelBlue, LLC completed the acquisition of Cybereason Inc. on November 25, 2025. Steven T. Mnuchin has joined LevelBlue’s Board of Directors. As part of the completed transaction, SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital have become investors in LevelBlue. Buy Or Sell Opportunity • Nov 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to JP¥225. The fair value is estimated to be JP¥284, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. New Risk • Nov 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 06
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥4.22 (up from JP¥3.38 in 2Q 2025). Revenue: JP¥1.74t (up 7.8% from 2Q 2025). Net income: JP¥201.1b (up 26% from 2Q 2025). Profit margin: 12% (up from 9.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 23
Softbank Corp. Announces Dividend on Common Stock, Series 1 Bond-Type Class Shares and Series 2 Bond-Type Class Shares for the Six Months of Fiscal Year Ending March 31, 2026, Payable on December 5, 2025; Provided Year Dividend Guidance on Common Stock, Series 1 Bond-Type Class Shares and Series 2 Bond-Type Class Shares for the Fiscal Year Ending March 31, 2026 SoftBank Corp. announced dividend of JPY 4.30 per share on common stock, JPY 50 per share on series 1 Bond-Type Class Shares and JPY 128 per share on Series 2 Bond-Type Class Shares for the six months of fiscal year ending March 31, 2026 with record date is September 30, 2025. Effective Date is December 5, 2025. Total dividend is JPY 205,270 million on common shares, JPY 1,500 million on Series 1 Bond-Type Class Shares and JPY 3,200 million on Series 2 Bond-Type Class Shares.
The company provided year dividend guidance for the fiscal year ending March 31, 2026. The company expected dividend of JPY 4.30 per share on common stock, JPY 50 per share on series 1 Bond-Type Class Shares and JPY 128 per share on Series 2 Bond-Type Class Shares for the second half of fiscal year ending March 31, 2026. Announcement • Oct 03
SoftBank Corp. to Report Q2, 2026 Results on Nov 05, 2025 SoftBank Corp. announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 05, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.30 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 06
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥3.00 (down from JP¥3.45 in 1Q 2025). Revenue: JP¥1.66t (up 8.0% from 1Q 2025). Net income: JP¥143.0b (down 12% from 1Q 2025). Profit margin: 8.6% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥4.30 announced Shareholders will receive a dividend of JP¥4.30. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
SoftBank Corp. to Report Q1, 2026 Results on Aug 05, 2025 SoftBank Corp. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • Jul 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥11.12 (up from JP¥10.32 in FY 2024). Revenue: JP¥6.54t (up 7.6% from FY 2024). Net income: JP¥526.1b (up 7.9% from FY 2024). Profit margin: 8.0% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 20
Now 20% undervalued Over the last 90 days, the stock has risen 3.5% to JP¥219. The fair value is estimated to be JP¥275, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Reported Earnings • May 09
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥11.12 (up from JP¥10.32 in FY 2024). Revenue: JP¥6.54t (up 7.6% from FY 2024). Net income: JP¥526.1b (up 7.9% from FY 2024). Profit margin: 8.0% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 08
SoftBank Corp., Annual General Meeting, Jun 26, 2025 SoftBank Corp., Annual General Meeting, Jun 26, 2025. Announcement • Apr 03
SoftBank Corp. to Report Fiscal Year 2025 Results on May 08, 2025 SoftBank Corp. announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 08, 2025 Announcement • Mar 26
SoftBank Corp. (TSE:9434) acquired an unknown minority stake in SB Energy DevCo (US), LLC. SoftBank Corp. (TSE:9434) acquired an unknown minority stake in SB Energy DevCo (US), LLC on June 30, 2024.
Chris McKinnon and Ken Siegel of Morrison & Foerster LLP acted as legal advisors for SoftBank Corp.
SoftBank Corp. (TSE:9434) completed the acquisition of an unknown minority stake in SB Energy DevCo (US), LLC on June 30, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥4.30 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.6%). Announcement • Mar 20
SoftBank Corp. Develops Foundational Large Telecom Model SoftBank Corp. announced that it has developed a new Large Telecom Model (LTM), a generative AI foundation for the telecom industry. The LTM is trained on diverse datasets--ranging from SoftBank's huge network data to the design, management, and operational know-how the company has accumulated over many years. SoftBank has also developed specialized AI models by fine-tuning the LTM, which is specifically designed to optimize base station configurations that enable advanced cellular network operations. The fine-tuned models were tasked with predicting configurations for actual base stations that had been excluded from the training phase, and their predictions were later verified by in-house experts to have over 90% accuracy. Compared to manual or partially automated workflows, the LTM-led approach reduces the time to make these changes from days to minutes, and with similar accuracy, indicating the potential for huge operational time and cost savings, in addition to reducing human error. These results demonstrate that by fine-tuning theLTM for specific use cases, it will become easier to develop dedicated AI models tailored to various operational scenarios in cellular networks. The LTM also functions as a foundation for the "AI for RAN" initiative, which aims to enhance RAN (Radio Access Network) performance through AI. In the future, the LTM is expected to serve as a blueprint for network design and support the development of network optimization AI agents. SoftBank RIAT has proposed two approaches for utilizing AI in mobile networks, "Human AI" and "Machine AI," and has now successfully realized its vision of "Human AI". SoftBank aims to integrate various AI models developed based on the LTM with the orchestrator of "AITRAS"3, an AI-RAN integrated solution currently under development by SoftBank. Main features of LTM: The LTM combines advanced inference capabilities leveraging large-scale data to solve network operational issues with flexible responsiveness enabled by natural language processing. It reflects SoftBank's extensive network and data, along with in-depth network information annotated by in-house experts skilled in network design, management, and operation. Realizing use cases specific AI models through fine-tuning: By fine-tuning models based on the LTM, it is possible to develop AI models specialized for various use cases in mobile network operations. As the first implementation, SoftBank developed models specialized in generating optimal base station configurations. Its effectiveness has been verified in scenarios including generating optimal configurations for newly deployed base stations and modifying existing base station settings to accommodate sudden traffic increases expected during events. New base station deployment: Focusing on Tokyo, a high-density urban area, the model generates optimal configurations for new base station deployments. The model receives requests to deploy a new base station in a specific area, along with additional information such as existing base station configurations and network performance, and outputs a list of configurations recommended for the new base station. Existing base station reconfiguration: Assuming a special event is taking place, the model generates configuration changes for existing base stations in the surrounding area. As SoftBank moves forward towards the deployment of the LTM, SoftBank will continue collaborating with NVIDIA on NIM Microservices Optimization for Inferencing and Aerial Omniverse Digital Twin (AODT) for simulating and validating the LTM configuration changes prior to taking actions. SoftBank will explore utilizing the LTM in its own operations, aiming to enhance mobile network efficiency, create new services, and deliver higher-quality network experiences. SoftBank will also continue to advance its research and development efforts and strengthen collaborations with partners both in Japan and abroad, thereby contributing to the further evolution of next-generation networks. In particular, the SoftBank RIAT Silicon Valley Office, which led the development of LTM in collaboration with the Japan team, will continue to grow and develop its portfolio in the USA. Announcement • Feb 12
PayPay Bank Corporation agreed to acquire an additional 31% stake in PayPay Securities Co., Ltd from SoftBank Corp. (TSE:9434) and Ly Corporation. PayPay Bank Corporation agreed to acquire an additional 31% stake in PayPay Securities Co., Ltd from SoftBank Corp. (TSE:9434) and Ly Corporation on February 10, 2025. Upon completion, PayPay Bank Corporation will own 66% stake in PayPay Securities Co., Ltd. Reported Earnings • Feb 11
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: JP¥2.41 (up from JP¥2.20 in 3Q 2024). Revenue: JP¥1.66t (up 5.2% from 3Q 2024). Net income: JP¥114.3b (up 9.8% from 3Q 2024). Profit margin: 6.9% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 08
SoftBank Corp. to Report Q3, 2025 Results on Feb 10, 2025 SoftBank Corp. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 07
First half dividend of JP¥4.30 announced Shareholders will receive a dividend of JP¥4.30. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 24%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 14
SoftBank Corp. Develops 5G L1 Software, Achieving Carrier-grade High Performance and Quality vRAN on NVIDIA Grace Hopper Platform SoftBank Corp. announced it developed 5G L1 software based on the NVIDIA AI Aerial platform, delivering the high stability and high performance essential for a carrier-grade RAN through parallel signal processing and the optimization of task initiation timing. With this newly developed L1 software, carrier-grade stability has been achieved. In addition to realizing high stability, SoftBank will develop L1 software that can achieve maximized RAN capacity and reduced power consumption. SoftBank constructed the world’s first high-quality 5G vRAN (virtual Radio Access Network) outdoor testing environment, utilizing its newly developed L1 software running on the NVIDIA GH200 Grace Hopper Superchip platform. NVIDIA Grace Hopper Superchip architecture brings together the accelerated performance of the NVIDIA Hopper architecture with the versatility of the Arm® Neoverse™ V2 - based NVIDIA Grace CPU in a single superchip. SoftBank built the world’s first outdoor testing environment that enables the baseband processing of 20 5G cells with a bandwidth of 100 MHz on a single server featuring the NVIDIA GH200 Grace Hopper Superchip in Fujisawa City, Kanagawa Prefecture. The 4.9 GHz frequency band was used for this outdoor test and a maximum communication capacity of approximately 1.3 Gbps per cell through a maximum of 4-layer MIMO (Multi-Input Multi-Output) was achieved. The high-speed processing capabilities of NVIDIA’s accelerated computing platform are highly compatible with high-frequency bands that can be allocated to a wide frequency bandwidth per cell, and these capabilities are expected to be applied to future 6G applications such as centimeter waves. Furthermore, since such high-frequency cells are expected to be deployed in high-traffic urban areas, this AI-RAN outdoor test simulates an urban environment, creating a dense configuration with a high-interference area and a mobility area for test drives. For mobile phones, it is necessary to have stability and high connectivity that will minimize the time the cell stops functioning due to failures or malfunctions during long-term operations, as well as network outages due to deterioration of radio wave quality. To achieve these at a high level, it is required to make verifications not only in a controlled radio environment like a laboratory, but also in an irregular radio environment that is situated outdoors. In this test, SoftBank is conducting various trials using more than 100 terminals to confirm the RAN’s stability and high connectivity, which are necessary for a carrier-grade service. Going forward, SoftBank plans to evaluate spatial multiplexing technologies, such as Massive MIMO, and AI for RAN, a technology that enables the enhancement of RAN performance with AI. Reported Earnings • Nov 09
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: JP¥1.62t (up 7.5% from 2Q 2024). Net income: JP¥161.3b (up 3.8% from 2Q 2024). Profit margin: 10.0% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.1%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Japan. Announcement • Oct 03
SoftBank Corp. to Report Q2, 2025 Results on Nov 08, 2024 SoftBank Corp. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 08
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥34.48 (up from JP¥30.99 in 1Q 2024). Revenue: JP¥1.54t (up 7.4% from 1Q 2024). Net income: JP¥162.5b (up 11% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent External Director Hiroko Sasaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 11
Final dividend of JP¥43.00 announced Dividend of JP¥43.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 4.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 18% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 04
SoftBank Corp. to Report Q1, 2025 Results on Aug 06, 2024 SoftBank Corp. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥103 (down from JP¥113 in FY 2023). Revenue: JP¥6.08t (up 2.9% from FY 2023). Net income: JP¥489.1b (down 8.0% from FY 2023). Profit margin: 8.0% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 13
SoftBank Corp. (TSE:9434) completed the acquisition of 35.3% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥21.2 billion. SoftBank Corp. (TSE:9434) made an offer to acquire remaining 47.19% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥28.3 billion on April 23, 2024. Under the terms SoftBank made ¥2,950 per share for the acquisition of 9.590933 million shares and ¥1 for 424 200 shares under stock acquisition rights. If SoftBank Corp. is able to tender 90% shares then SoftBank will cash-out the remaining shares. The minimum limit for shares to be tendered is set at 2,815,600 shares(13.85%). The tender offer period is April 26, 2024 to June 11, 2024.
Nishimura & Asahi and Blakemore & Mitsuki acted as legal advisor and Daiwa Securities Co. Ltd. and Nomura Securities Co., Ltd. acted as financial advisor to SB Technology. Plutus Consulting Co., Ltd. acted as fairness opinion provider and financial advisor and Kensei Law Offices acted as legal advisor to special committee of SB Technology.
SoftBank Corp. (TSE:9434) completed the acquisition of 35.3% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥21.2 billion on April 23, 2024. SoftBank intends to carry out a set of procedures of the “Squeeze-Out Process” for making the SoftBank the only shareholder of SB Technology. Reported Earnings • May 11
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥103 (down from JP¥113 in FY 2023). Revenue: JP¥6.08t (up 2.9% from FY 2023). Net income: JP¥489.1b (down 8.0% from FY 2023). Profit margin: 8.0% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Wireless Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 10
SoftBank Corp. Reportedly Back At Deal Counter with Icertis Deal Talks SoftBank Corp. (TSE:9434) is looking to return to the deal counter in India after largely focusing on exits from listed bets last year. The Tokyo-based investment firm has begun early-stage talks to double down on existing software portfolio firm Icertis Solutions Private Limited, which is stitching up a new funding round of about $150 million (about INR 12,520 million), in a secondary share sale, said people familiar with the development. The talks would progress depending on valuation to a large extent, they said. The new funding round may see other existing backers also invest more in Icertis, they said, as some early shareholders are looking to make an exit from the 15-year-old firm. Icertis was last valued at $5 billion. SoftBank’s Vision Fund has also finalised plans for investing in ecommerce firm Meesho as part of a broader funding round. With several unicorns under its portfolio, the Japanese investor is actively reviewing potential new firms as well after a lull of more than a year – when SoftBank and Tiger Global didn’t make any deals. “The talks are in early stages and the key to the deal would be the valuation and the price discovery is yet to be finalised,” said one of the persons, who did not wish to be identified. A spokesperson for Icertis said it remains well capitalised and that it is common for new investors to seek shares in businesses like Icertis. "Icertis is not directly involved in any such secondary transactions and remains focused on empowering our customers to realise the full potential of their business relationships through contract intelligence," the spokesperson added. A spokesperson for SoftBank India declined to comment on the matter. Announcement • Apr 04
SoftBank Corp. to Report Fiscal Year 2024 Results on May 09, 2024 SoftBank Corp. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio and cash payout ratio are on the higher end at 95% and 80% respectively. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). New Risk • Feb 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.1% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.1% net profit margin). Reported Earnings • Feb 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥22.10 (down from JP¥58.04 in 3Q 2023). Revenue: JP¥1.58t (up 2.7% from 3Q 2023). Net income: JP¥104.5b (down 62% from 3Q 2023). Profit margin: 6.6% (down from 18% in 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
SoftBank Corp. to Report Q3, 2024 Results on Feb 07, 2024 SoftBank Corp. announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥32.81 (up from JP¥22.39 in 2Q 2023). Revenue: JP¥1.50t (up 4.0% from 2Q 2023). Net income: JP¥155.4b (up 47% from 2Q 2023). Profit margin: 10% (up from 7.3% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Announcement • Oct 05
SoftBank Corp. to Report Q2, 2024 Results on Nov 08, 2023 SoftBank Corp. announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥43.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 74% and the cash payout ratio is 90%. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). New Risk • Aug 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 09
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: JP¥30.99 (up from JP¥27.28 in 1Q 2023). Revenue: JP¥1.43t (up 5.0% from 1Q 2023). Net income: JP¥146.7b (up 14% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. New Risk • Jun 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jun 24
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥113 (up from JP¥110 in FY 2022). Revenue: JP¥5.91t (up 3.9% from FY 2022). Net income: JP¥531.4b (up 2.7% from FY 2022). Profit margin: 9.0% (down from 9.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Announcement • Jun 20
SoftBank Corp. Announces Executive Changes SoftBank Corp. announced that Kimihiko Kaneko as Member of the Board, Position at the parent companies, etc: General Manager, Technological Planning & Management Division, Technology Unit, SoftBank Corp. Takashi Naito as Audit & Supervisory Board Member. Position at the parent companies, etc: Vice President and General Manager, Finance & Accounting Division, Finance Unit, SoftBank Corp., Audit & Supervisory Board Member, SB Players Corp., Audit & Supervisory Board Member, A Holdings Corporation. As of June 19, 2023, Mr. Kunihiro Fujinaga (Senior Vice President, Deputy Head of Enterprise Business Unit, SoftBank Corp.) was appointed as a director of SoftBank Corp. with the aim of enhancing mutual synergies with the parent company and collaboration in the corporate business field. Reported Earnings • May 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥113 (up from JP¥110 in FY 2022). Revenue: JP¥5.91t (up 3.9% from FY 2022). Net income: JP¥531.4b (up 2.7% from FY 2022). Profit margin: 9.0% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Announcement • May 11
SoftBank Corp. (TSE:9434) announces an Equity Buyback for 56,300,000 shares, representing 1.19% for ¥100,000 million. SoftBank Corp. (TSE:9434) announces an share repurchase program. Under the program the company will repurchase 56,300,000 shares, representing 1.19% of the outstanding shares for ¥100,000 million. The purpose of the program is to enhance shareholder's value and flexibility of the capital policy. The program will run until March 31, 2024. As of March 31, 2023, the company had 4,731,548,827 shares outstanding and 55,596,343 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share at 5.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥57.43 (up from JP¥24.15 in 3Q 2022). Revenue: JP¥1.54t (up 6.0% from 3Q 2022). Net income: JP¥271.5b (up 139% from 3Q 2022). Profit margin: 18% (up from 7.8% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 07
SoftBank Corp. to Report Q3, 2023 Results on Feb 03, 2023 SoftBank Corp. announced that they will report Q3, 2023 results on Feb 03, 2023 
