SoftBank Corp. Receives Buy Rating Amid Strong Q1 FY2025 Performance and Growth PotentialWe maintain our view on SBKK, awaiting further engagement with management. The 1Q results support our thesis on strategic diversification, especially in fintech and enterprise. However, we need clarity on PayPay’s monetization plans, cost structure, and capital allocation. Our next step is to evaluate potential upside to FY guidance and refine our forecasts after the management meeting.