Financials SoftBank Group Corp.

Equities

9984

JP3436100006

Wireless Telecommunications Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-20 am EDT			5-day change	1st Jan Change
8,563.00 ^JPY	+1.88%		+0.74%	+36.07%

Sep. 16	Colombia's Rappi could be ready for IPO in 12 months, cofounder says	RE
Sep. 09	Japanese Shares Slide as Q2 GDP Revision Raises BOJ Rate Hike Uncertainty	MT

Projected Income Statement: SoftBank Group Corp.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,185,093	5,628,167	6,221,534	6,570,439	6,756,500	7,106,198	7,376,544	7,746,597
Change	-	-9%	10.54%	5.61%	2.83%	5.18%	3.8%	5.02%
EBITDA ¹	686,839	1,454,748	1,566,276	1,526,202	1,418,629	1,959,833	2,042,963	2,234,237
Change	-	111.8%	7.67%	-2.56%	-7.05%	38.15%	4.24%	9.36%
EBIT ¹	-1,364,633	603,432	713,852	632,714	560,009	858,659	921,679	1,004,017
Change	-	-	18.3%	-11.37%	-11.49%	53.33%	7.34%	8.93%
Interest Paid ¹	-300,948	-307,250	-382,512	-555,902	-556,004	-507,516	-509,470	-493,125
Earnings before Tax (EBT) ¹	35,492	5,670,456	-869,562	-469,127	57,801	755,256	848,598	935,672
Change	-	15,876.72%	-	-46.05%	-	1,206.65%	12.36%	10.26%
Net income ¹	-961,576	4,987,962	-1,708,029	-970,144	-227,646	288,299	465,931	548,061
Change	-	-	-	-43.2%	-76.53%	-	61.61%	17.63%
Announcement Date	5/18/20	5/12/21	5/12/22	5/11/23	5/13/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,315,327	2,438,080	-	1,450,055	1,350,558	1,507,507	1,490,129	1,479,134	1,504,370	1,597,336	1,640,694	1,572,030	1,610,447	1,693,296	1,694,666	1,557,507	1,669,553	1,774,841	1,754,599	1,701,747	1,790,327	1,844,360	1,889,397
Change	-	5.3%	-100%	-	-6.86%	11.62%	-1.15%	-0.74%	1.71%	6.18%	2.71%	-4.19%	2.44%	5.14%	0.08%	-8.09%	7.19%	6.31%	-1.14%	-3.01%	5.21%	3.02%	2.44%
EBITDA ¹	-225,220	540,087	-814,042	400,671	419,995	401,961	-	-	-	-	-	-	-	-	-	-	-	383,663	324,922	412,959	559,617	567,017	545,354
Change	-	-	-	-	4.82%	-4.29%	-100%	-	-	-	-	-	-	-	-	-	-	-	-15.31%	27.09%	35.51%	1.32%	-3.82%
EBIT ¹	-704,368	2,588	-1,351,669	193,945	215,613	184,583	5,506,033	218,541	218,541	179,223	86,268	257,278	209,711	191,019	-25,294	183,995	-	163,345	18,419	200,935	267,065	192,500	-40,500
Change	-	-	-	-	11.17%	-14.39%	2,882.96%	-96.03%	0%	-17.99%	-51.87%	198.23%	-18.49%	-8.91%	-	-	-100%	-	-88.72%	990.91%	32.91%	-27.92%	-
Charge d'intérêts	-149,692	-153,078	-	-78,132	-	-70,514	-	-82,799	-	-97,165	-	-114,139	-	-119,291	-	-139,601	-	-131,612	-	-137,604	-	-	-
Earnings before Tax (EBT) ¹	-565,447	228,481	-1,309,886	833,047	607,352	1,920,032	2,308,952	1,292,478	-245,507	187,753	-2,104,286	-3,292,455	3,585,091	-582,673	-179,090	-176,194	-731,231	1,171,500	-206,274	225,698	273,000	277,000	220,300
Change	-	-	-	-	-27.09%	216.13%	20.26%	-44.02%	-	-	-	56.46%	-	-	-69.26%	-1.62%	315.01%	-	-	-	20.96%	1.47%	-20.47%
Net income ¹	-700,167	55,035	-1,438,163	1,255,712	627,499	1,171,951	1,932,800	761,509	-397,940	29,048	-2,100,646	-3,162,700	3,033,602	-783,415	-57,631	-477,616	-931,111	950,004	231,077	-174,281	106,090	134,895	466,204
Change	-	-	-	-	-50.03%	86.77%	64.92%	-60.6%	-	-	-	50.56%	-	-	-92.64%	728.75%	94.95%	-	-75.68%	-	-	27.15%	245.6%
Announcement Date	11/6/19	2/12/20	5/18/20	8/11/20	11/9/20	2/8/21	5/12/21	8/10/21	11/8/21	2/8/22	5/12/22	8/8/22	11/11/22	2/7/23	5/11/23	8/8/23	11/9/23	2/8/24	5/13/24	8/7/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1
Net sales ¹	2,630,531	2,983,504	3,238,030	3,182,477	3,387,962	3,227,060	3,529,440	3,430,700
Change	-	13.42%	8.53%	-1.72%	6.46%	-4.75%	9.37%	-2.8%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT	2,441,822	448,361	-	466,989	-	378,245	-	-
Change	-	-81.64%	-100%	-	-100%	-	-100%	-
Charge d'intérêts	-153,808	-185,599	-	-314,217	-	-295,184	-	-
Earnings before Tax (EBT) ¹	1,441,472	1,046,971	-1,916,533	292,636	-761,763	-907,425	965,226	498,700
Change	-	-27.37%	-	-	-	19.12%	-	-48.33%
Net income ¹	1,883,211	363,569	-2,071,598	-129,098	-841,046	-1,408,727	1,181,081	-46,300
Change	-	-80.69%	-	-93.77%	551.48%	67.5%	-	-
Announcement Date	11/9/20	11/8/21	5/12/22	11/11/22	5/11/23	11/9/23	5/13/24	-

¹JPY in Million

Estimates

Forecast Balance Sheet: SoftBank Group Corp.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	10,706,634	13,171,802	16,996,485	9,126,201	12,553,041	15,441,449	15,456,463	15,128,177
Change	-	23.02%	29.04%	-46.31%	37.55%	23.01%	0.1%	-2.12%
Announcement Date	5/18/20	5/12/21	5/12/22	5/11/23	5/13/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: SoftBank Group Corp.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,232,551	646,888	835,073	799,130	633,765	633,159	642,383	650,451
Change	-	-47.52%	29.09%	-4.3%	-20.69%	-0.1%	1.46%	1.26%
Free Cash Flow (FCF) ¹	-3,169,042	-911,349	-293,204	1,288,870	107,527	126,313	279,677	320,736
Change	-	-71.24%	-67.83%	-539.58%	-91.66%	17.47%	121.42%	14.68%
Announcement Date	5/18/20	5/12/21	5/12/22	5/11/23	5/13/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: SoftBank Group Corp.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.1%	25.85%	25.18%	23.23%	21%	27.58%	27.7%	28.84%
EBIT Margin (%)	-22.06%	10.72%	11.47%	9.63%	8.29%	12.08%	12.49%	12.96%
EBT Margin (%)	0.57%	100.75%	-13.98%	-7.14%	0.86%	10.63%	11.5%	12.08%
Net margin (%)	-15.55%	88.62%	-27.45%	-14.77%	-3.37%	4.06%	6.32%	7.07%
FCF margin (%)	-51.24%	-16.19%	-4.71%	19.62%	1.59%	1.78%	3.79%	4.14%
FCF / Net Income (%)	329.57%	-18.27%	17.17%	-132.85%	-47.23%	43.81%	60.03%	58.52%
Profitability
ROA	-2.62%	13.66%	-1.86%	-1.03%	0.13%	1.17%	1.33%	1.21%
ROE	-14.2%	61.9%	-16.9%	-10.2%	-2.3%	2.67%	2.95%	2.69%
Financial Health
Leverage (Debt/EBITDA)	15.59x	9.05x	10.85x	5.98x	8.85x	7.88x	7.57x	6.77x
Debt / Free cash flow	-3.38x	-14.45x	-57.97x	7.08x	116.74x	122.25x	55.27x	47.17x
Capital Intensity
CAPEX / Current Assets (%)	19.93%	11.49%	13.42%	12.16%	9.38%	8.91%	8.71%	8.4%
CAPEX / EBITDA (%)	179.45%	44.47%	53.32%	52.36%	44.67%	32.31%	31.44%	29.11%
CAPEX / FCF (%)	-38.89%	-70.98%	-284.81%	62%	589.4%	501.26%	229.69%	202.8%
Items per share
Cash flow per share ¹	525.4	3,085	-500.6	-49.7	430.7	495.5	775.2	812.1
Change	-	487.2%	-116.23%	-90.07%	-966.62%	15.03%	56.47%	4.75%
Dividend per Share ¹	44	44	44	44	44	44	44	44
Change	-	0%	0%	0%	0%	0%	0%	0%
Book Value Per Share ¹	2,619	5,589	5,756	5,889	7,479	7,923	8,150	8,030
Change	-	113.37%	2.99%	2.31%	27.01%	5.93%	2.87%	-1.47%
EPS ¹	-478.5	2,620	-1,019	-652.4	-171	244.1	278.7	242
Change	-	-647.46%	-138.88%	-35.95%	-73.79%	-242.74%	14.18%	-13.15%
Nbr of stocks (in thousands)	2,071,388	1,760,908	1,676,316	1,462,888	1,465,796	1,450,191	1,450,191	1,450,191
Announcement Date	5/18/20	5/12/21	5/12/22	5/11/23	5/13/24	-	-	-