Buy Or Sell Opportunity • May 21
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to JP¥5,810. The fair value is estimated to be JP¥4,297, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are forecast to decline by 46% per annum over the same time period. Annonce • May 15
SoftBank Group Corp., Annual General Meeting, Jun 24, 2026 SoftBank Group Corp., Annual General Meeting, Jun 24, 2026. Reported Earnings • May 14
Full year 2026 earnings released: EPS: JP¥878 (vs JP¥195 in FY 2025) Full year 2026 results: EPS: JP¥878 (up from JP¥195 in FY 2025). Revenue: JP¥7.80t (up 7.7% from FY 2025). Net income: JP¥5.00t (up 341% from FY 2025). Profit margin: 64% (up from 16% in FY 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥4,968, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Wireless Telecom industry in Europe. Total returns to shareholders of 307% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,154 per share. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥4,729, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Wireless Telecom industry in Europe. Total returns to shareholders of 272% over the past three years. Annonce • Apr 03
SoftBank Group Corp. to Report Fiscal Year 2026 Results on May 13, 2026 SoftBank Group Corp. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 1.7% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.4%). Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: JP¥42.76 (vs JP¥64.78 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥42.76 (up from JP¥64.78 loss in 3Q 2025). Revenue: JP¥1.98t (up 8.2% from 3Q 2025). Net income: JP¥243.7b (up JP¥618.0b from 3Q 2025). Profit margin: 12% (up from net loss in 3Q 2025). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annonce • Feb 13
SoftBank Group Corp. Provides Earnings Guidance for the Fourth Quarter of fiscal year 2026 SoftBank Group Corp. provided earnings guidance for the fourth quarter of fiscal year 2026. For the period, the company expects Revenue of $1.4 billion or 18% year-on-year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥4,817, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Wireless Telecom industry in Europe. Total returns to shareholders of 232% over the past three years. Declared Dividend • Jan 06
First half dividend of JP¥5.50 announced Shareholders will receive a dividend of JP¥5.50. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 3.6%. Annonce • Jan 06
SoftBank Group Corp. to Report Q3, 2026 Results on Feb 12, 2026 SoftBank Group Corp. announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 12, 2026 Annonce • Dec 08
SoftBank Reportedly in Talks to Buy Digital Infra Firm DigitalBridge SoftBank Group Corp. (TSE:9984) is in talks to acquire digital infrastructure firm DigitalBridge Group, Inc. (NYSE:DBRG), a source familiar with the matter told Reuters on December 5, 2025, as the Japanese conglomerate seeks to tap the firm's AI-linked portfolio. The deal could be struck by the end of the year, the source said. DigitalBridge and SoftBank declined to comment. Shares of DigitalBridge surged as much as 35%, hitting over a one-month high. The stock has slipped nearly 14% this year as of last close, giving the Boca Raton, Florida-based company a market value of $1.8 billion. Bloomberg News reported the talks earlier in the day. Annonce • Dec 05
SoftBank Group Corp. (TSE:9984) made an offer to acquire remaining 8.72% stake in Balyo SA (ENXTPA:BALYO) for €8.7 million. SoftBank Group Corp. (TSE:9984) made an offer to acquire remaining 8.72% stake in Balyo SA (ENXTPA:BALYO) for €8.7 million on December 4, 2025. A cash consideration valued at €0.6 per share will be paid by SoftBank Group Corp. As part of consideration, an undisclosed value is paid towards common equity of Balyo SA. Upon completion, SoftBank Group Corp. will own 100% stake in Balyo SA. Declared Dividend • Dec 04
First half dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.6%. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥16,160, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Wireless Telecom industry in Europe. Total returns to shareholders of 176% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,273 per share. Buy Or Sell Opportunity • Nov 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥19,650. The fair value is estimated to be JP¥16,179, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are forecast to decline by 43% per annum over the same time period. Annonce • Nov 13
Blackstone, Softbank Reportedly in Talks for Stakes in India Cloud Startup Neysa Blackstone Inc. (NYSE:BX) and SoftBank Group Corp. (TSE:9984) are in early talks to buy stakes in Neysa Networks Pvt. (Neysa Networks Private Limited), an Indian cloud infrastructure startup, according to people familiar with the matter. The US alternative asset manager is evaluating a majority holding, while SoftBank is considering a minority stake, the people said, asking not to be identified as the discussions are private. No final decisions have been made, and other investors could participate, they said. Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa provides cloud-computing infrastructure to run artificial intelligence models on demand. The startup has raised about $50 million from investors including Z47 — formerly known as Matrix Partners India — and Nexus Venture Partners, according to information on its website. Blackstone declined to comment. Representatives for SoftBank and Neysa didn’t respond to requests for comment. The investment could value Neysa at less than $300 million, though any investor would likely need to commit additional capital to fund expansion, the people said. Investors worldwide are pouring billions into capital-intensive data centers to support the rapid growth of AI services. The momentum continues even as some question whether the industry is overbuilding around a technology that has yet to yield consistent profits. A SoftBank deal would mark the Japanese conglomerate’s first new investment in India in more than three years. For Blackstone, a potential transaction would bolster its digital infrastructure portfolio in the country, where it’s been expanding real estate and infrastructure bets. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥1,753 (vs JP¥805 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1,753 (up from JP¥805 in 2Q 2025). Revenue: JP¥1.92t (up 8.4% from 2Q 2025). Net income: JP¥2.50t (up 113% from 2Q 2025). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥22,255, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 20x in the Wireless Telecom industry in Europe. Total returns to shareholders of 268% over the past three years. Annonce • Oct 08
SoftBank Group Corp. (TSE:9984) signed an agreement to acquire Robotics division from ABB Ltd (SWX:ABBN) for an enterprise value of $5.4 billion. SoftBank Group Corp. (TSE:9984) signed an agreement to acquire Robotics division from ABB Ltd (SWX:ABBN) for an enterprise value of $5.4 billion on October 8, 2025. The purchase price is subject to customary adjustments including net working capital and net debt as at the closing date. ABB to deploy divestment proceeds in line with its capital allocation principles. As a result of the signing of the agreement ABB will adjust its reporting structure and move to three business areas. As of the fourth quarter 2025, the Robotics division will be reported as Discontinued operations. At the same time, the Machine Automation division, which together with ABB Robotics currently forms the Robotics & Discrete Automation business area, will become a part of the Process Automation business area. For the Fiscal year ended Dec 2024, Robotics division of ABB reported total revenue of $2.28 billion and EBITDA of $313 million. As of December 31, 2024, Robotics division of ABB reported total common equity of $770 million. The Acquisition has been approved by SBG’s Board of Directors and remains subject to customary regulatory approvals including in the European Union, China, and the United States, and the satisfaction of other customary closing conditions. SBG expects the Acquisition to close in mid-to-late 2026. Ken Siegel, Gary Brown and Stuart Alford of Morrison & Foerster LLP of acted as legal advisor to SoftBank Group Corp. Annonce • Oct 03
SoftBank Group Corp. to Report Q2, 2026 Results on Nov 11, 2025 SoftBank Group Corp. announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 3.7% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥18,100, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 19x in the Wireless Telecom industry in Europe. Total returns to shareholders of 238% over the past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥14,940, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Wireless Telecom industry in Europe. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,666 per share. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥295 (vs JP¥122 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥295 (up from JP¥122 loss in 1Q 2025). Revenue: JP¥1.82t (up 7.0% from 1Q 2025). Net income: JP¥421.8b (up JP¥601.2b from 1Q 2025). Profit margin: 23% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 10
Final dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 0.4%, which is lower than the industry average of 3.6%. Annonce • Jul 06
Lenskart Founder Reportedly to Buy Back 2% from Bunch of Investors at $7 Billion Valuation Lenskart (Lenskart Solutions Private Limited) founder Peyush Bansal is looking to buy 1.5% to 2% stake in the eyewear retailer worth about $150 million from existing investors ahead of a planned initial public offering, (IPO), three people aware of the development said. Investment bank Avendus Capital is helping Bansal with the transaction. Bansal wants to make up for his equity dilution over the previous funding rounds, the people said on the condition of anonymity. "Peyush is buying small stakes from a bunch of investors. This is being negotiated at around $7 million to $8 billion valuation," one of the three people said. Investors such as TR Advisors Ltd, Chiratae Ventures India Advisors Private Limited, SoftBank Group Corp. (TSE:9984) and Kedaara Capital Investment Managers Limited are likely to sell shares as part of the deal, these people said. "Negotiations are on with these firms. In another four to six weeks, this deal will be done, after which the company will look to file its IPO documents with the markets regulator," the second person said. Queries emailed to Lenskart, Avendus and the investors remained unanswered. "The founder is buying back from some of the investors at a pre-IPO valuation," the third person said. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥10,415, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Wireless Telecom industry in Europe. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,257 per share. Annonce • Jul 03
SoftBank Group Corp. to Report Q1, 2026 Results on Aug 07, 2025 SoftBank Group Corp. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 07, 2025 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥8,710, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Wireless Telecom industry in Europe. Total returns to shareholders of 77% over the past three years. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥794 (vs JP¥171 loss in FY 2024) Full year 2025 results: EPS: JP¥794 (up from JP¥171 loss in FY 2024). Revenue: JP¥7.24t (up 7.2% from FY 2024). Net income: JP¥1.15t (up JP¥1.40t from FY 2024). Profit margin: 16% (up from net loss in FY 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • May 13
SoftBank Group Corp., Annual General Meeting, Jun 27, 2025 SoftBank Group Corp., Annual General Meeting, Jun 27, 2025. Annonce • Apr 25
SoftBank Group Corp. Proposes Year-End Dividend for the Fiscal Year Ended March 31, 2025 SoftBank Group Corp. (SBG) announced that its Board of Directors passed a resolution to submit the following proposal regarding dividend from surplus with a record date of March 31, 2025 to the 45th Annual General Meeting of Shareholders scheduled on June 27, 2025. This will bring the total annual dividend for the fiscal year ended March 2025, including the interim dividend (JPY 22 per share), to JPY 44 per share, the same amount as the previous fiscal year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥6,656, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Wireless Telecom industry in Europe. Total returns to shareholders of 19% over the past three years. Annonce • Apr 02
SoftBank Group Corp. to Report Fiscal Year 2025 Results on May 13, 2025 SoftBank Group Corp. announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 7.6% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (4.4%). Annonce • Mar 21
SoftBank Group Corp. (TSE:9984) agreed to acquire a %91.92 stake in Ampere Computing LLC in an all-cash transaction valued at $6.5 billion. SoftBank Group Corp. (TSE:9984) agreed to acquire a %91.92 stake in Ampere Computing LLC in an all-cash transaction valued at $6.5 billion on March 19, 2025. The consideration payable in the Transaction is expected to be financed through borrowings from Mizuho Bank, Ltd., among other financial institutions. As of December 31, 2024, $16.46 million in net revenues, approximately $0.34 million in total assets, approximately $-0.51 million in EBIT, $-1.51 million in total common equity and approximately $-0.59 million in Net Income. The Transaction has been approved by SBG’s Board of Directors but remains subject to customary regulatory approvals including United States antitrust clearance and approval by the Committee on Foreign Investment in the United States (CFIUS), as well as the satisfaction or waiver of other closing conditions, such as the compliance in all material respects with covenants, failure of a material adverse effect on Ampere to occur and certain employment related matters. The transaction is expected to close in the second half of 2025. The Raine Group is acting as the financial adviser and fairness opinion provider to SBG. Morrison & Foerster LLP is retained as the legal adviser to SBG. Evercore acted as the financial advisor to Ampere. Reported Earnings • Feb 14
Third quarter 2025 earnings released: JP¥259 loss per share (vs JP¥645 profit in 3Q 2024) Third quarter 2025 results: JP¥259 loss per share (down from JP¥645 profit in 3Q 2024). Revenue: JP¥1.83t (up 3.3% from 3Q 2024). Net loss: JP¥374.3b (down 140% from profit in 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Feb 07
SoftBank Reportedly in Talks to Buy Ampere in Deal Valuing At $6.5 Billion SoftBank Group Corp. (TSE:9984) is in advanced talks to acquire Ampere Computing LLC, people familiar with the matter said. The Japanese company is discussing a deal that could value the Oracle Corp.-backed chip designer at about $6.5 billion, including debt, according to the people. A transaction may be announced in the coming weeks, they said. Annonce • Jan 31
SoftBank in Talks to Invest as Much as $25 Billion in OpenAI SoftBank Group Corp. (TSE:9984) is in talks to invest $15 billion to $25 billion in OpenAI (OpenAI, L.L.C.), potentially deepening the relationship between the two companies that are already planning a significant artificial-intelligence infrastructure initiative. Some of that equity investment could be used for OpenAI’s commitment to Stargate, a joint venture with SoftBank and others it announced last week at the White House, according to a person familiar with the matter. Stargate, which also includes Oracle and the United Arab Emirates investment fund MGX, intends to invest as much as $500 billion in AI data centers for use by OpenAI over the next four years. New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥10,690, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,014 per share. Annonce • Jan 17
SoftBank Group Corp. to Report Q3, 2025 Results on Feb 12, 2025 SoftBank Group Corp. announced that they will report Q3, 2025 results on Feb 12, 2025 Buy Or Sell Opportunity • Jan 15
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥9,080. The fair value is estimated to be JP¥11,576, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are forecast to decline by 50% per annum over the same time period. Annonce • Jan 10
SoftBank Group's Arm Reportedly Explores Potential Deal for Ampere SoftBank Group Corp. (TSE:9984) and its majority-owned Arm Holdings plc (NasdaqGS:ARM) are exploring a deal for Ampere Computing LLC, according to people familiar with the matter. Ampere has drawn takeover interest from Arm while exploring its strategic options, said the people, who asked not to be identified because the discussions were private. Talks could still fall apart, the people cautioned. It’s also possible Ampere could end up being bought by another suitor. Representatives for Arm and Ampere declined to comment. Spokespeople for SoftBank and Oracle didn’t immediately respond to requests for comment. Ampere has been working with a financial adviser to help field takeover interest, Bloomberg News reported in September. The Santa Clara, California-based company’s interest in a deal with a larger player in the industry suggests that it didn’t see an easy path to an initial public offering. Declared Dividend • Dec 04
First half dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Annonce • Nov 30
SoftBank Reportedly Mulls Additional Investment in OpenAI SoftBank Group Corp. (TSE:9984) is considering additional investment in generative artificial intelligence developer OpenAI (OpenAI, L.L.C.), U.S. media reported on 27 November 2024. The Japanese technology investor's SoftBank Vision Fund (SoftBank Vision Fund L.P.) plans to acquire up to $1.5 billion in shares of OpenAI from its employees. The ChatGPT creator raised $500 million from SoftBank in its $6.6 billion funding round in October. The additional investment is part of efforts by SoftBank Chairman and Chief Executive Officer Masayoshi Son to propel AI revolution. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 50% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Annonce • Oct 22
SoftBank Group Corp. Announces Interim Distribution for the Fiscal Year Ended March 31, 2024, Payable on December 3, 2024 The Board of Directors of SoftBank Group Corp. resolved the distribution of interim dividend from surplus with a record date of September 30, 2024 as follows. The amount of dividend per share is in line with the forecast of dividend announced in Consolidated Financial Report for the Fiscal Year Ended March 31, 2024, dated May 13, 2024. The company announced dividend of JPY 22.00 per share. Record date: September 30, 2024. Total cash dividend: JPY 31,835 million. Payable date: December 3, 2024. Dividend resource: Retained earnings. Annonce • Oct 03
SoftBank Group Corp. to Report Q2, 2025 Results on Nov 12, 2024 SoftBank Group Corp. announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (7.6%). New Risk • Sep 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Buy Or Sell Opportunity • Aug 13
Now 20% overvalued Over the last 90 days, the stock has fallen 5.8% to JP¥7,878. The fair value is estimated to be JP¥6,550, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has declined by 40%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • Aug 08
First quarter 2025 earnings released: JP¥122 loss per share (vs JP¥333 loss in 1Q 2024) First quarter 2025 results: JP¥122 loss per share (improved from JP¥333 loss in 1Q 2024). Revenue: JP¥1.70t (up 9.3% from 1Q 2024). Net loss: JP¥179.4b (loss narrowed 63% from 1Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Aug 07
SoftBank Group Corp. (TSE:9984) announces an Equity Buyback for 100,000,000 shares, representing 6.8% for ¥500,000 million. SoftBank Group Corp. (TSE:9984) announces a share repurchase program. Under the program, the company will repurchase up to 100,000,000 shares, representing 6.80% of its issued share capital for a total purchase price of ¥500,000 million. The purpose of the program is to enhance shareholder returns and to realize fair shareholder value. The purchased treasury stock will be cancelled. The program will expire on August 7, 2025. As of July 31, 2024, the company had 1,469,995,230 issued shares (excluding treasury stock) and 4,001,279 treasury shares. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Annonce • Jul 12
SoftBank Group Corp. (TSE:9984) acquired Graphcore Limited. SoftBank Group Corp. (TSE:9984) acquired Graphcore Limited on July 11, 2024. Graphcore becomes a wholly owned subsidiary of SoftBank and will continue to operate under the Graphcore name. SoftBank Group Corp. (TSE:9984) completed the acquisition of Graphcore Limited on July 11, 2024. Reported Earnings • Jun 26
Full year 2024 earnings released: JP¥155 loss per share (vs JP¥652 loss in FY 2023) Full year 2024 results: JP¥155 loss per share (improved from JP¥652 loss in FY 2023). Revenue: JP¥6.76t (up 2.8% from FY 2023). Net loss: JP¥227.6b (loss narrowed 77% from FY 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Jun 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent External Director Keiko Erikawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 16
Mubadala Capital along with Fortress management completed the acquisition of 90.01% stake in Fortress Investment Group LLC from SoftBank Group Corp. (TSE:9984). Mubadala Capital along with Fortress management entered into definitive agreements to acquire 90.01% stake in Fortress Investment Group LLC from SoftBank Group Corp. (TSE:9984) on May 19, 2023. After transaction close, Fortress management is expected to own a 30% equity interest in the company and will hold a class of equity entitling Fortress management to appoint a majority of seats on the board. Mubadala Capital (which currently holds a 9.99% stake in Fortress through its Private Equity Funds II and III), will own 70% of Fortress equity. After the closing, Fortress will continue to operate as an independent investment manager under the Fortress brand, with full autonomy over investment processes and decision making, personnel and operations. Drew McKnight and Joshua Pack will be appointed co-Chief Executives of Fortress and Pete Briger will be appointed Chairman. Mubadala Capital’s Chief Executive Officer and Managing Director, Hani Barhoush, who has served on Fortress’ board since 2019, will continue to serve on the board. Dean Dakolias will continue in his role as Managing Partner and Tom Pulley will continue in his role as the Chief Executive Officer of the global Fortress Real Estate business. Jack Neumark has been appointed a Managing Partner and will continue to lead the Legal Assets business and co-head the Specialty Finance business, and Marc Furstein will continue in his role as President. Fortress co-Founders Wes Edens and Randy Nardone will continue to oversee the PCV business and remaining PE investments, including Brightline. As of September 18, 2023. The European Commission (EC) has cleared Abu Dhabi's investment fund Mubadala Investment Company’s agreement to take over Fortress Investment Group.
The deal is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in the first quarter of 2024. Ardea Partners served as financial advisors and Clare O’Brien and Sean Skiffington of Shearman & Sterling served as legal counsel to Mubadala. Goldman, Sachs & Co. LLC served as financial advisor and Daniel Lavon-Krein, Christopher Gandia, Carlo Zenkner, Mark Schwed, Florence Zhang, Christopher Urruela Stauss, Scott Price, Sally Ye, Jocelyn Hirsch, Thomas Dobleman and Josh Korff of Kirkland & Ellis served as legal counsel to Fortress senior management in the transaction. Skadden, Arps, Slate, Meagher & Flom LLP represented Fortress in the transaction. The Raine Group served as exclusive financial advisor and Lauren Bellerjeau and Ken Siegel of Morrison Foerster served as legal counsel to SoftBank.
Mubadala Capital along with Fortress management completed the acquisition of 90.01% stake in Fortress Investment Group LLC from SoftBank Group Corp. (TSE:9984) on May 15, 2024. With the close of the transaction, Fortress management now owns a 32% equity interest in the company in a class of equity entitling Fortress management to appoint a majority of seats on the board. Fortress co-CEOs Drew McKnight and Josh Pack, Managing Partner Jack Neumark, and co-Chairman Pete Briger are the largest individual investors in the buy-out and were joined by approximately 150 members of the firm. A consortium led by Mubadala Capital now owns 68% of Fortress equity. Mubadala Capital’s CEO and Managing Director, Hani Barhoush, who has served on Fortress’ board since 2019, continues to serve on the board. Annonce • Sep 07
Kroger, Albertsons Reportedly in Talks to Sell Stores to C&S, Softbank C&S Wholesale Grocers, Inc. —with backing from SoftBank Group Corp. (TSE:9984)—is in talks to buy grocery stores that The Kroger Co. (NYSE:KR) and Albertsons Companies, Inc. (NYSE:ACI) are selling to win regulatory approval for their $25 billion merger, according to people familiar with the matter. C&S, which has partnered with SoftBank for the transaction, could announce a deal as soon as this week to acquire most or all of the stores they are unloading for antitrust reasons, said the people, asking not to be identified because the matter isn’t public. The companies said in October that they would spin off 100 to 375 stores if they couldn’t find buyers for them. Annonce • May 24
Mubadala Capital along with Fortress management entered into definitive agreements to acquire 90.01% stake in Fortress Investment Group LLC from SoftBank Group Corp. (TSE:9984). Mubadala Capital along with Fortress management entered into definitive agreements to acquire 90.01% stake in Fortress Investment Group LLC from SoftBank Group Corp. (TSE:9984) on May 22, 2023. After transaction close, Fortress management is expected to own a 30% equity interest in the company and will hold a class of equity entitling Fortress management to appoint a majority of seats on the board. Mubadala Capital (which currently holds a 9.99% stake in Fortress through its Private Equity Funds II and III), will own 70% of Fortress equity. After the closing, Fortress will continue to operate as an independent investment manager under the Fortress brand, with full autonomy over investment processes and decision making, personnel and operations. Drew McKnight and Joshua Pack will be appointed co-Chief Executives of Fortress and Pete Briger will be appointed Chairman. Mubadala Capital’s Chief Executive Officer and Managing Director, Hani Barhoush, who has served on Fortress’ board since 2019, will continue to serve on the board. Dean Dakolias will continue in his role as Managing Partner and Tom Pulley will continue in his role as the Chief Executive Officer of the global Fortress Real Estate business. Jack Neumark has been appointed a Managing Partner and will continue to lead the Legal Assets business and co-head the Specialty Finance business, and Marc Furstein will continue in his role as President. Fortress co-Founders Wes Edens and Randy Nardone will continue to oversee the PCV business and remaining PE investments, including Brightline.
The deal is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in the first quarter of 2024. Ardea Partners served as financial advisors and Shearman & Sterling served as legal counsel to Mubadala. Goldman, Sachs & Co. LLC served as financial advisor and Daniel Lavon-Krein, Christopher Gandia, Carlo Zenkner, Mark Schwed, Florence Zhang, Christopher Urruela Stauss, Scott Price, Sally Ye, Jocelyn Hirsch, Thomas Dobleman and Josh Korff of Kirkland & Ellis served as legal counsel to Fortress senior management in the transaction. Skadden, Arps, Slate, Meagher & Flom LLP represented Fortress in the transaction. The Raine Group served as exclusive financial advisor and Lauren Bellerjeau and Ken Siegel of Morrison Foerster served as legal counsel to SoftBank. 
