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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  SoftBank Group Corp.    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : Japan's SoftBank back in the black as investments improve

11/09/2020 | 03:51am EST

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.

The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019.

SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen.

SoftBank's Vision Fund also has become profitable recently.

SoftBank, which invests in an array of companies, has sold U.S. carrier Sprint, as well as British IoT company Arm. It has also sold some its stake in Chinese e-commerce company Alibaba to raise cash for more investments.

Sprint merged with T-Mobile in April, which means Sprint is no longer part of SoftBank’s group or earnings.

The company's chief executive, Masayoshi Son, has described hardships from the coronavirus pandemic to those of the Great Depression.

But the crisis has proven to be a plus for some technology companies as people stuck at home gear up to work remotely and shop online.

Son told reporters the company was sticking to its initial goal of delivering happiness to people through what he calls “the information revolution." He said profits or losses mean little to his business model. The critical thing for SoftBank is its net asset value, he said.

Son said his investments will focus on AI, or artificial intelligence, which he said will prove vital to all the companies he's banking on, like robots doing deliveries and automated driving.

“We used to say whoever rules the mobile net will rule the net,” he said. “We think whoever rules AI will rule the future.”

Some startups SoftBank has banked on have played out better than others. Office-sharing company WeWork slammed earnings last year. But SoftBank still has hopes for WeWork’s potential in some markets such as Japan, where interest remains even with the pandemic.

SoftBank also has investments in Yahoo! Japan and the Pepper companion robot, and in its SoftBank mobile carrier in Japan, the first to offer the iPhone in Japan.

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Financials
Sales 2021 5 794 B 55 738 M 55 738 M
Net income 2021 1 720 B 16 547 M 16 547 M
Net Debt 2021 9 464 B 91 041 M 91 041 M
P/E ratio 2021 8,61x
Yield 2021 0,48%
Capitalization 15 764 B 152 B 152 B
EV / Sales 2021 4,35x
EV / Sales 2022 4,22x
Nbr of Employees 80 909
Free-Float 63,0%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 8 629,14 JPY
Last Close Price 8 758,00 JPY
Spread / Highest target 25,6%
Spread / Average Target -1,47%
Spread / Lowest Target -21,2%
EPS Revisions
Managers and Directors
NameTitle
Masayoshi Son Chairman & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer & Vice President
Yoshimitsu Goto Chief Financial Officer & Senior Managing Director
Norikazu Oba Manager-Finance & Planning
Ken Miyauchi Director
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