SoftBank Group KK

9984

Equity

ISIN JP3436100006 / Valor 245595

Tokyo Stock Exchange (2024-09-18)

JPY 8,196.00+0.34%

SoftBank Group KK
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About company

SoftBank Group KK is a multinational conglomerate holding company headquartered in Tokyo, Japan, primarily focused on the information and technology sector. The company employs a strategic approach known as the "Cluster of No.1 Strategy," which involves creating a network of leading companies across various technology-driven industries. SoftBank's portfolio includes investments in telecommunications, internet services, AI, robotics, IoT, and other cutting-edge technologies. Through its Vision Fund, one of the largest technology-focused venture capital funds globally, SoftBank has stakes in numerous high-profile tech companies, aiming to drive innovation and growth within its diverse business ecosystem.

Summarized from source with an LLMView SourceSector: Technology

Investment Gains

SoftBank Group KK reported a significant investment gain of ¥559.7 billion for Q1 FY2024, a notable improvement from the ¥699.0 billion loss in the same period of the previous fiscal year. This gain was primarily driven by the Investment Business of Holding Companies, which recorded an investment gain of ¥567.9 billion.

Income Before Tax

For the first quarter of FY2024, SoftBank Group KK achieved an income before income tax of ¥225.7 billion, marking an improvement of ¥401.9 billion year-over-year. This was influenced by various factors, including selling, general, and administrative expenses of ¥719.7 billion and a finance cost of ¥137.6 billion.

Net Loss

SoftBank Group KK reported a net loss attributable to owners of the parent of ¥174.3 billion for Q1 FY2024. This represents an improvement of ¥303.3 billion compared to the same period in the previous fiscal year. The net loss was impacted by income taxes of ¥215.2 billion and net income attributable to non-controlling interests of ¥184.7 billion.

Strategic Investments

During Q1 FY2024, SoftBank Group KK and its wholly owned subsidiaries made total investments of ¥193.2 billion, focusing primarily on strategic investments. Notable investments included Wayve Technologies, a U.K. company developing autonomous driving platforms, and Tempus AI, a U.S. company conducting genomic testing and medical data analysis.

Bond Refinancing

In Q1 FY2024, SoftBank Group KK issued domestic straight bonds totaling ¥650.0 billion and redeemed ¥450.0 billion upon maturity. Additionally, in July 2024, the company issued U.S. dollar-denominated senior notes of $0.9 billion and euro-denominated senior notes of 0.9 billion euros, while redeeming $767 million and 638 million euros of senior notes, respectively.

Summarized from source with an LLMView Source

Key figures

22.0%1Y

23.0%3Y

78.2%5Y

Performance

45.5%1Y

43.0%3Y

44.8%5Y

Volatility