SoftBank Group Corp. (JP:9984)
:9984
Want to see JP:9984 full AI Analyst Report?
Top Page
SoftBank Group
(9984)
Select Model
Select Model
Rating:69Neutral
Price Target:
¥8,586.00
▲(89.66% Upside)
Action:Downgraded
Date:05/27/26
The score balances a weak financial profile (notably negative 2026 operating/free cash flow and elevated leverage) against very strong technical momentum and an unusually cheap valuation with a high dividend yield.
Positive Factors
Diversified investment and operating business model
SoftBank’s dual model—realizing investment gains and receiving operating earnings from consolidated subsidiaries—creates multiple durable cash and earnings channels. This diversification supports resilience across cycles, enabling asset recycling and income when one channel underperforms, sustaining long-term strategic flexibility.
Negative Factors
Negative operating and free cash flow in 2026
The shift to negative operating and free cash flow in 2026 signals weaker cash conversion of reported earnings, reducing internal funding for investments, dividends, or debt service. Persistent cash outflows would force reliance on asset sales or external financing, weakening durable liquidity and strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified investment and operating business model
SoftBank’s dual model—realizing investment gains and receiving operating earnings from consolidated subsidiaries—creates multiple durable cash and earnings channels. This diversification supports resilience across cycles, enabling asset recycling and income when one channel underperforms, sustaining long-term strategic flexibility.
Read all positive factors
SoftBank Group (9984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥42.76T
Dividend Yield0.25%
Average Volume (3M)22.76M
Price to Earnings (P/E)8.5
Beta (1Y)1.51
Revenue Growth7.66%
EPS Growth349.22%
CountryJP
Employees65,352
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)874.03
Shares Outstanding5,711,848,000
10 Day Avg. Volume20,688,840
30 Day Avg. Volume22,757,256
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.16
Price to Sales (P/S)2.60
P/FCF Ratio-8.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,208.00Price Target Upside37.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)99.6
Revenue Forecast (FY)¥8.35T
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 primarily makes money through (1) investment gains and income from its portfolio and (2) earnings from operating businesses it consolidates or holds significant stakes in.
1) Investment business (core earnings driver for the holdin...
SoftBank Group Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 11, 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
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.80T | 7.24T | 6.76T | 6.57T | 6.22T |
| Gross Profit | 4.02T | 3.75T | 3.54T | 3.33T | 3.27T |
| EBITDA | 913.96B | 1.60T | 1.47T | 980.26B | 365.37B |
| Net Income | 5.00T | 1.15T | -227.65B | -970.14B | -1.71T |
Balance Sheet | |||||
| Total Assets | 60.75T | 45.01T | 46.72T | 43.94T | 47.54T |
| Cash, Cash Equivalents and Short-Term Investments | 7.50T | 3.71T | 6.19T | 6.93T | 5.33T |
| Total Debt | 25.86T | 18.91T | 16.19T | 16.05T | 17.79T |
| Total Liabilities | 40.47T | 31.06T | 33.49T | 33.29T | 35.84T |
| Stockholders Equity | 17.43T | 11.56T | 11.16T | 9.03T | 9.98T |
Cash Flow | |||||
| Free Cash Flow | -2.48T | 118.98B | -372.06B | 107.53B | 1.89T |
| Operating Cash Flow | -744.36B | 973.15B | 250.55B | 741.29B | 2.73T |
| Investing Cash Flow | -4.36T | -1.71T | -841.46B | 547.58B | -3.02T |
| Financing Cash Flow | 6.01T | -1.81T | -606.22B | 191.52B | 602.22B |
SoftBank Group Technical Analysis
Positive
4527.00
Price Trends
4960.40
Positive
4567.69
Positive
4589.48
Positive
Market Momentum
645.44
Negative
66.26
Neutral
76.50
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 4527 is below the 20-day moving average (MA) of 6165.55, below the 50-day MA of 4960.40, and below the 200-day MA of 4589.48, indicating a bullish trend. The MACD of 645.44 indicates Negative momentum. The RSI at 66.26 is Neutral, neither overbought nor oversold. The STOCH value of 76.50 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥559.13B | 22.73 | 15.67% | 1.31% | 9.02% | 21.15% | |
73 Outperform | ¥10.26T | 18.73 | ― | 3.99% | 7.55% | 3.27% | |
69 Neutral | ¥42.76T | 8.55 | 24.50% | 0.25% | 7.66% | 349.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | ¥12.74T | 11.58 | 11.22% | 3.36% | 5.14% | 5.49% | |
56 Neutral | ¥339.57B | 19.25 | 17.97% | 1.36% | 5.57% | 31.99% | |
56 Neutral | ¥9.86T | 14.36 | 13.75% | 2.85% | 4.05% | 13.53% |
* Communication Services Sector Average
JP:9984
SoftBank Group
7,491.00
5,656.96
308.44%
JP:9449
GMO Internet
3,285.00
-206.16
-5.91%
JP:3774
Internet Initiative Japan
3,102.00
285.57
10.14%
JP:9433
KDDI
2,738.50
358.68
15.07%
JP:9432
Nippon Telegraph and Telephone
149.50
-2.31
-1.52%
JP:9434
SoftBank Corp.
215.30
3.48
1.64%
SoftBank Group Corporate Events
SoftBank Revamps Board Lineup to Strengthen Governance Ahead of 2026 AGM
Apr 28, 2026
SoftBank Group Corp. has proposed changes to its board of directors ahead of its 46th Annual General Meeting scheduled for June 24, 2026, seeking shareholder approval to reelect seven current directors and appoint two new outside directors. The no...
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.