Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank : Vision Fund seen posting record earnings on Coupang

04/20/2021 | 11:59pm EDT
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) - SoftBank Group Corp's $100 billion Vision Fund is widely seen reporting record earnings on May 12 after portfolio companies listed during the quarter, mostly driven by gain on its stake in South Korean e-commerce giant Coupang.

SoftBank's 37% stake in Coupang, which sources have said was acquired for about $3 billion, was worth around $30 billion at the end of the March quarter. Coupang shares have slipped 14% since March.

Gain on Coupang and investments like Uber Technologies are seen delivering a third quarter of growing profit for the fund, which pushed the group to a record loss last year as valuations fell during the onset of the COVID-19 pandemic.

In response to media reports that SoftBank's profit is to set a domestic record, the conglomerate said it would record gains but valuations were still being calculated.

Other big bets by Chief Executive Masayoshi Son, including ride-hailing firms Grab and Didi, are also heading to public markets although analysts warn returns may not match the supersized Coupang gain.

"Upside for SoftBank is not as high as it was with those earlier investments," said Kirk Boodry, an analyst at Redex Research, who sees the Vision Fund unit posting about $30 billion in quarterly gain.

The expected profit helps obscure Vision Fund missteps including investment in collapsed supply chain financier Greensill, and comes as companies like hotel chain Oyo grapple with a pandemic-induced downturn.

SoftBank's gains are mostly unrealised and some observers see Grab's record $40 billion merger with a blank-cheque company marking a peak for the investment vehicles amid concern over rich valuations for tech firms.

(Reporting by Sam Nussey; Editing by Tom Hogue and Stephen Coates)

By Sam Nussey


ę Reuters 2021
All news about SOFTBANK GROUP CORP.
07:20aSOFTBANK : India's Paytm eyes IPO by end-Oct, hopes to break even in 18 months -..
RE
07:11aSOFTBANK : bet on Chinese app Didi falls $4bn into the red
AQ
06:00aNIKKEI 225 : Up 1.0% on Wall Street Cues, Earnings Season Results
MT
02:41aNikkei tracks global peers higher, but virus woes undermine mood
RE
07/25Arm CEO Rejects IPO Rumors as Nvidia Deal Faces Further Delays
MT
07/25Japanese shares track global peers higher, but virus woes cap gains
RE
07/23SOFTBANK : Getaround car sharing company settles with Washington, D.C. for $950,..
RE
07/23Ant-backed Zomato scores big in India IPO
RE
07/23Ant-backed Zomato's stellar debut sets pace for other Indian tech listings
RE
07/23Ant-backed Zomato's stellar debut sets pace for other Indian tech listings
RE
More news
Financials
Sales 2022 5 953 B 53 967 M 53 967 M
Net income 2022 1 045 B 9 475 M 9 475 M
Net Debt 2022 13 879 B 126 B 126 B
P/E ratio 2022 12,8x
Yield 2022 0,63%
Capitalization 12 173 B 110 B 110 B
EV / Sales 2022 4,38x
EV / Sales 2023 4,22x
Nbr of Employees 58 786
Free-Float 47,1%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 7 106,00 JPY
Average target price 11 336,00 JPY
Spread / Average Target 59,5%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Chief Executive Officer
Yoshimitsu Goto Chief Financial Officer & Senior Managing Director
Norikazu Oba Manager-Finance & Planning
Raul Marcelo Claure Chief Operating Officer & Vice President
Tim Mackey Chief Legal & Group Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-11.81%122 635
AT&T INC.-2.12%206 275
T-MOBILE US6.79%181 218
KDDI CORPORATION13.14%70 100
AMÉRICA MÓVIL, S.A.B. DE C.V.9.52%50 614
VODAFONE GROUP PLC-1.74%47 655