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

SOFTBANK GROUP CORP.

(9984)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 03/31
3788 JPY   +2.57%
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Softbank : profit plunges in wake of $2bn loss for its Vision Fund

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02/13/2020 | 01:12am EDT

SOFTBANK'S quarterly profit was almost entirely wiped out yesterday after heavy losses from its Vision Fund hit the technology investor for the second consecutive quarter.

The Japanese conglomerate's operating profit from October to December plummeted 99 per cent to just ¥2.59bn (£18.2m) after its Vision Fund and a related vehicle recorded a $2bn (£1.4bn) loss. Softbank blamed the profit drop on unrealised losses at the $100bnVision Fund, which has been hit by a string of soured bets, including a substantial investment in office sharing startup Wework.

The poor results are likely to deepen concerns about founder Masayoshi Son's ability to raise capital for a second Vision Fund. When he announced the launch of a successor to the fund last summer, Son set a fundraising target of $108bn, but recent reports suggest Softbank may now only be able to raise half that.

However, Son yesterday gave assurances that "the tide is turning".

(c) 2020 City A.M., source Newspaper

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Latest news on SOFTBANK GROUP CORP.
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Financials (JPY)
Sales 2020 9 653 B
EBIT 2020 299 B
Net income 2020 741 B
Debt 2020 13 874 B
Yield 2020 1,08%
P/E ratio 2020 12,1x
P/E ratio 2021 16,4x
EV / Sales2020 2,25x
EV / Sales2021 2,29x
Capitalization 7 805 B
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Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 6 722,69  JPY
Last Close Price 3 768,00  JPY
Spread / Highest target 118%
Spread / Average Target 78,4%
Spread / Lowest Target 13,3%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer, Director & Vice President
Yoshimitsu Goto CFO & Senior Managing Executive Officer
Ken Miyauchi Director
Yun Ma Director
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