SoftBank Group Corp. (JP:9984)
:9984
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SoftBank Group
(9984)
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Rating:66Neutral
Price Target:
¥4,080.00
▲(8.40% Upside)
Action:ReiteratedDate:02/18/26
The score is primarily held back by weak TTM cash flow (negative operating and deeply negative free cash flow) and elevated leverage, despite a strong rebound in reported profitability. Valuation is a major positive with a low P/E and very high dividend yield, while technical indicators are neutral-to-mildly constructive.
Positive Factors
Diversified tech investment platform
SoftBank's core business of managing investments and stakes in tech companies drives recurring and event-driven income. The multi-year revenue growth and a profitability rebound in 2025/TTM reflect the platform's ability to generate outsized gains and fee/ carry economics, supporting durable earnings potential as long as portfolio execution and exits continue.
Negative Factors
Elevated leverage
Consistently high leverage (debt above equity) raises structural financial risk: elevated interest costs, reduced buffer against market shocks, and constrained flexibility to opportunistically invest or cover losses. In a higher-rate or downturn environment, this profile increases refinancing and liquidity vulnerability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified tech investment platform
SoftBank's core business of managing investments and stakes in tech companies drives recurring and event-driven income. The multi-year revenue growth and a profitability rebound in 2025/TTM reflect the platform's ability to generate outsized gains and fee/ carry economics, supporting durable earnings potential as long as portfolio execution and exits continue.
Read all positive factors
SoftBank Group (9984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.57T
Dividend Yield0.25%
Average Volume (3M)22.76M
Price to Earnings (P/E)25.2
Beta (1Y)1.54
Revenue Growth7.31%
EPS Growth44.73%
CountryJP
Employees65,352
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)43.09
Shares Outstanding5,711,848,000
10 Day Avg. Volume20,688,840
30 Day Avg. Volume22,757,256
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.94
Price to Sales (P/S)1.50
P/FCF Ratio91.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,817.70Price Target Upside27.99% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)93.33
Revenue Forecast (FY)¥8.21T
SoftBank Group Business Overview & Revenue Model
Company Description
SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through five segments: Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Latin America Funds. The company offers m...
How the Company Makes Money
SoftBank Group makes money primarily through investment-related income and, to a lesser extent, income from operating subsidiaries and equity-accounted affiliates.
1) Investment gains (core driver)
- Realized gains on investments: SoftBank sells ...
SoftBank Group Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q4-2025)
| Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive sentiment overall, with significant financial recovery and strategic investments in AI and technology sectors. However, ongoing market volatility and increased leverage were noted as challenges. Despite these, the company's strategic direction and financial achievements outweighed the concerns.Positive Updates
Record Profitability
SoftBank Group reported a net income of JPY 1.15 trillion, marking its first profit in four years and an increase of JPY 1.38 trillion year-over-year.
Negative Updates
Market Volatility and Challenges
Weaker performance of tech stocks led to significant market volatility, impacting net asset value down by JPY 2.1 trillion year-over-year.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Profitability
SoftBank Group reported a net income of JPY 1.15 trillion, marking its first profit in four years and an increase of JPY 1.38 trillion year-over-year.
Read all positive updates
Company Guidance
During the earnings results announcement for the fiscal year ended March 31, 2025, SoftBank Group Corp. highlighted several key metrics and strategic initiatives. The company reported a net asset value of JPY 25.7 trillion, a decrease of JPY 2.1 trillion year-over-year, but noted a recovery to JPY 27.4 trillion based on current share prices. The loan-to-value ratio increased to 18.0% from 8.4% the previous year, remaining below the 25% safety threshold. SoftBank achieved a net income of JPY 1.15 trillion, marking its first profit in four years, and net sales rose to JPY 7.2 billion, up JPY 487 billion year-on-year. The company is focused on advancing its AI strategy, including a significant investment commitment of up to $30 billion in OpenAI and the acquisition of Ampere for $6.5 billion. Additionally, SoftBank is preparing for the IPO of PayPay, which achieved an EBIT of JPY 45 billion and a GMV of JPY 15.4 trillion, reflecting a 23% year-on-year increase.SoftBank Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.66T | 7.24T | 6.76T | 6.57T | 6.22T | 5.63T |
| Gross Profit | 3.95T | 3.75T | 3.54T | 3.33T | 3.27T | 2.87T |
| EBITDA | 5.16T | 1.60T | 1.47T | 980.26B | 365.37B | 1.45T |
| Net Income | 3.68T | 1.15T | -227.65B | -970.14B | -1.71T | 4.99T |
Balance Sheet | ||||||
| Total Assets | 55.56T | 45.01T | 46.72T | 43.94T | 47.54T | 45.75T |
| Cash, Cash Equivalents and Short-Term Investments | 6.65T | 3.71T | 6.19T | 6.93T | 5.33T | 5.32T |
| Total Debt | 25.21T | 18.91T | 16.19T | 16.05T | 17.79T | 16.46T |
| Total Liabilities | 37.44T | 31.06T | 33.49T | 33.29T | 35.84T | 33.79T |
| Stockholders Equity | 15.45T | 11.56T | 11.16T | 9.03T | 9.98T | 10.21T |
Cash Flow | ||||||
| Free Cash Flow | -2.10T | 118.98B | -372.06B | 107.53B | 1.89T | -89.64B |
| Operating Cash Flow | -773.41B | 973.15B | 250.55B | 741.29B | 2.73T | 557.25B |
| Investing Cash Flow | -5.56T | -1.71T | -841.46B | 547.58B | -3.02T | -1.47T |
| Financing Cash Flow | 5.70T | -1.81T | -606.22B | 191.52B | 602.22B | 2.19T |
SoftBank Group Technical Analysis
Positive
3764.00
Price Trends
3943.89
Negative
4151.78
Negative
4111.48
Negative
Market Momentum
-42.87
Negative
49.86
Neutral
56.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9984, the sentiment is Positive. The current price of 3764 is above the 20-day moving average (MA) of 3680.24, below the 50-day MA of 3943.89, and below the 200-day MA of 4111.48, indicating a neutral trend. The MACD of -42.87 indicates Negative momentum. The RSI at 49.86 is Neutral, neither overbought nor oversold. The STOCH value of 56.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9984.
SoftBank Group Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥21.57T | 25.22 | 24.50% | 0.25% | 7.31% | 44.73% | |
65 Neutral | ¥9.77T | 12.02 | 13.75% | 2.85% | 3.34% | 20.36% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ¥456.88B | 19.63 | 15.67% | 1.31% | 12.48% | 18.38% | |
60 Neutral | ¥10.06T | 19.08 | ― | 3.99% | 7.79% | 5.53% | |
56 Neutral | ¥306.44B | 39.45 | 17.97% | 1.36% | 4.75% | 17.02% | |
56 Neutral | ¥13.05T | 9.80 | 11.22% | 3.36% | 2.10% | -9.29% |
* Communication Services Sector Average
JP:9984
SoftBank Group
4,242.00
2,518.17
146.08%
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SoftBank Corp.
217.80
11.37
5.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.