The earnings call reflected a mixed outlook for SoftBank Group. While there were significant achievements such as the successful ARM IPO and improved Vision Fund performance, challenges like the negative net income, WeWork's bankruptcy, and the persistent SoftBank discount were notable issues. The company's focus on AI investments suggests a strategic direction towards future growth.

Company Guidance

During the Q2 2024 earnings call for SoftBank Group Corp, the executive team, including Yoshimitsu Goto and Kazuko Kimiwada, provided several key metrics and updates. The IPO of ARM was highlighted as a significant event, with a market capitalization upon listing of $52 billion, and SoftBank Group's investment in ARM yielding a MOIC of 3.2x. The group's net income was reported as negative JPY 1.4 trillion, with Vision Fund investments showing improvement, posting a negative JPY 583 billion compared to the previous year's JPY 4.3 trillion loss. The net asset value increased by JPY 1 trillion to JPY 16.4 trillion, while the cash position stood at JPY 5.1 trillion. Additionally, SoftBank Group's loan-to-value ratio remained at a safe level of 10%, well below the policy cap of 25%. The call also delved into ARM's future prospects, highlighting its strong market share in mobile, cloud, automotive, and IoT sectors, with quarterly revenue reaching a record high and non-GAAP operating profit up by 92% year-on-year.

Successful ARM IPO

ARM's IPO was a major event, with a market cap of $52 billion upon listing. The share price has exceeded the listing price, and ARM is seen as a core strategic company for SoftBank, expected to lead AI-related services.

Improved Vision Fund Performance

Vision Fund's loss reduced to JPY 583 billion from JPY 4.3 trillion a year ago, indicating significant improvement in investment performance.

Increased Net Asset Value

Net asset value increased by JPY 1 trillion compared to the end of June, reaching JPY 16.4 trillion, reflecting a positive trend.

Strong Cash Position

The cash position is strong at JPY 5.1 trillion, providing a safety net for future investments and operations.

Positive AI Investment Outlook

SoftBank is actively investing in AI, with significant investments in companies like ByteDance and Swiggy, indicating a strategic focus on AI-driven growth.

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Softbank (SFTBY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SFTBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2018	2018 (Q1)	- / 0.63	0.011	5654.55% (+0.62)	―	―
Nov 05, 2018	2018 (Q2)	- / 1.05	0.182	475.27% (+0.86)	―	―
Feb 06, 2019	2018 (Q3)	- / 1.44	1.899	-24.01% (-0.46)	―	―
May 08, 2019	2018 (Q4)	- / -0.28	0.049	-667.35% (-0.33)	―	―
Aug 05, 2019	2019 (Q1)	- / 2.52	0.633	297.79% (+1.88)	―	―
Nov 05, 2019	2019 (Q2)	- / -1.55	1.047	-248.14% (-2.60)	―	―
Feb 12, 2020	2019 (Q3)	- / 0.10	1.443	-92.79% (-1.34)	―	―
May 18, 2020	2019 (Q4)	- / -3.23	-0.278	-1062.59% (-2.95)	―	―
Aug 11, 2020	2020 (Q1)	- / 2.88	2.518	14.42% (+0.36)	―	―
Nov 09, 2020	2020 (Q2)	- / 1.59	-1.551	202.51% (+3.14)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SFTBY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$30.50	$30.95	+1.48%
Aug 07, 2024	$24.71	$26.27	+6.31%
May 13, 2024	$25.66	$26.48	+3.20%
Feb 08, 2024	$22.56	$26.66	+18.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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