SoftBank KK

9434

Equity

ISIN JP3732000009 / Valor 44825126

Tokyo Stock Exchange (2024-12-27)

JPY 199.70+1.47%

SoftBank KK
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About company

SoftBank KK is a Japanese multinational conglomerate holding company primarily engaged in the telecommunications and technology sectors. The company operates through various segments, including mobile communications, fixed-line telecommunications, and internet services. SoftBank is also known for its significant investments in technology companies worldwide, particularly through its Vision Fund, which focuses on AI, robotics, and other cutting-edge technologies. Additionally, SoftBank has a strong presence in the e-commerce, finance, and media industries, leveraging its extensive portfolio to drive innovation and growth across multiple sectors.

Summarized from source with an LLMView SourceSector: Telecommunications

Investment Gains

In Q2 FY2024, SoftBank KK reported a significant investment gain of ¥2,651.0 billion, a stark contrast to the ¥963.6 billion loss recorded in the same period of the previous fiscal year. This gain was primarily driven by the Investment Business of Holding Companies, which contributed ¥2,116.8 billion. Notably, the company realized investment gains of ¥1,280.1 billion on Alibaba shares and ¥566.2 billion on T-Mobile shares.

Income Before Tax

SoftBank KK's income before income tax for Q2 FY2024 was ¥1,461.1 billion, marking an improvement of ¥2,368.6 billion year-over-year. This improvement was influenced by several factors, including selling, general, and administrative expenses of ¥1,433.1 billion, a finance cost of ¥283.7 billion, and a foreign exchange gain of ¥289.0 billion due to the yen's appreciation.

Net Income

The net income attributable to owners of the parent for SoftBank KK in Q2 FY2024 was ¥1,005.3 billion, reflecting an improvement of ¥2,414.0 billion compared to the previous year. This figure accounts for income taxes of ¥223.8 billion and net income attributable to non-controlling interests of ¥232.0 billion.

Investment Activities

During Q2 FY2024, SoftBank KK and its wholly owned subsidiaries made total investments amounting to ¥419.5 billion. Key investments included Wayve Technologies, a U.K. company focused on autonomous driving platforms, and the acquisition of additional interests in SBE Global and Graphcore, converting them into subsidiaries.

Financing and Share Repurchase

SoftBank KK engaged in refinancing activities, issuing domestic straight bonds totaling ¥650.0 billion and foreign currency-denominated senior notes in U.S. dollars and euros. Additionally, under a share repurchase program authorized in August 2024, the company repurchased shares worth ¥153.8 billion by the end of the second quarter.

Summarized from source with an LLMView Source

Key figures

14.8%1Y

38.7%3Y

37.3%5Y

Performance

12.6%1Y

14.6%3Y

15.1%5Y

Volatility