SoftBank(SFTBY)

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SoftBank(SFTBY) - 2021 Q4 - Earnings Call Presentation
2021-05-12 11:36
█ SoftBank Group Earnings Results for the Fiscal Year ended March 31, 2021 May 12, 2021 Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. This presentation contains forward-looking statements, beliefs or opin ...
SoftBank(SFTBY) - 2020 Q3 - Earnings Call Presentation
2021-02-08 20:17
| SoftBank Earnings Results for the 9-month Period ended December 31, 2020 February 8, 2021 Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. This presentation contains forward-looking statements, beliefs or ...
SoftBank(SFTBY) - 2020 Q3 - Earnings Call Transcript
2021-02-08 15:35
Financial Data and Key Metrics Changes - The company achieved a net income of JPY 3 trillion for the nine-month period, which is a significant increase compared to previous periods, but the CEO expressed that this level is not satisfactory yet [10][11] - The net asset value (NAV) increased by JPY 1.2 trillion, reaching JPY 22.9 trillion, indicating a strong financial position [12] - The loan-to-value ratio was reported at 15%, which is considered a healthy status for the company [16] Business Line Data and Key Metrics Changes - Vision Fund 1 has invested in 92 companies, while Vision Fund 2 has invested in 39 companies, totaling 131 companies [31] - The Vision Fund has seen a significant turnaround, with gains of JPY 2.7 trillion reported for the fourth quarter, compared to a loss of JPY 929 billion in the previous year [33] Market Data and Key Metrics Changes - The company noted concerns regarding Alibaba and Ant Group, but highlighted that Alibaba reported a 50% increase in net income, indicating stable operations [13] - The market environment is described as challenging due to the pandemic, but the company remains optimistic about future growth opportunities [3][4] Company Strategy and Development Direction - The company is focusing on the AI revolution and aims to produce "golden eggs" through its investments, emphasizing a proactive approach rather than a passive investment strategy [67][68] - The CEO mentioned a "turbocharger strategy" to enhance the growth of portfolio companies, indicating a commitment to active management and support [68][70] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in the long-term growth potential of AI companies, viewing short-term market fluctuations as opportunities rather than threats [92] - The CEO communicated a positive outlook for the future of internet companies in China, suggesting that regulatory changes could lead to healthier business practices [96] Other Important Information - The company has monetized JPY 4.5 trillion of its assets to strengthen its financial position during the pandemic [5] - The CEO emphasized the importance of creating dedicated teams for specific industries to improve investment outcomes [86] Q&A Session Summary Question: Status of SB Northstar and Vision Fund 2 improvements - The CEO confirmed that SB Northstar is still in the testing phase but has turned positive as of February, and improvements in Vision Fund 2 are ongoing with a focus on creating dedicated teams for better analysis [82][85][86] Question: Strategy during market downturns - The CEO stated that the company is not concerned with short-term market fluctuations and aims to contribute to industrial evolution, viewing downturns as opportunities [90][92] Question: Alibaba's value and communication with Jack Ma - The CEO discussed the importance of regulations in China for internet companies and shared that communication with Jack Ma has been more personal, focusing on hobbies rather than business [93][96][97]
SoftBank(SFTBY) - 2021 Q2 - Earnings Call Transcript
2020-11-10 15:24
SoftBank Group Corp (OTCPK:SFTBY) Q2 2021 Earnings Conference Call November 9, 2020 2:30 AM ET Company Participants Masayoshi Son - Chairman & CEO Conference Call Participants Sam Nussey - Reuters Morita - TV Tokyo Ryo Inoue - Asahi Tatsuhisa Shirakabe - Nikkei Business Phred Dvorak - Wall Street Journal Kana Inagaki - Financial Times Naotaka Owada - Nikkei BP Shugo-san - Bloomberg Noriyuki Hirata - Reuters Wataru Suzuki - Nikkei Asia Unidentified Company Representative Thank you very much for waiting, ever ...
SoftBank(SFTBY) - 2020 Q2 - Earnings Call Presentation
2020-11-09 17:04
| SoftBank Earnings Results for the 6-month Period ended September 30, 2020 November 9, 2020 Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. This presentation contains forward-looking statements, beliefs or ...
SoftBank(SFTBY) - 2020 Q1 - Earnings Call Presentation
2020-08-12 18:57
Ver.1 Earnings Results for the Three-month Period Ended June 30, 2020 Investor Briefing August 12, 2020 SoftBank Group Corp. Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. This presentation contains forwar ...
SoftBank(SFTBY) - 2021 Q1 - Earnings Call Transcript
2020-08-11 15:18
Financial Data and Key Metrics Changes - The company achieved a net sales increase from ¥1.4 trillion to ¥1.45 trillion, indicating good progress in the first quarter [15] - Net income increased by 12% compared to the previous year, with operating income around ¥500 billion, slightly exceeding expectations [17] - The total equity value increased from ¥28 trillion to ¥30.2 trillion, while net debt decreased from ¥6.3 trillion to ¥5.8 trillion, resulting in a shareholder value increase of ¥2.7 trillion [28][29] Business Line Data and Key Metrics Changes - The SoftBank Vision Fund showed signs of recovery in the first quarter, despite previous losses, with a valuation gain of ¥1.1 trillion from successful investments [52] - The domestic telecom business, SoftBank Corp., maintained steady growth in revenue and recorded its highest operating income ever during the COVID-19 pandemic [46] - The merger of Sprint and T-Mobile was officially certified, leading to a significant increase in the equity value of the new entity from ¥0.4 trillion to ¥1.9 trillion [50] Market Data and Key Metrics Changes - The company reported that the share price of Alibaba has been steadily increasing, contributing positively to the overall asset value [45] - The performance of the SoftBank Vision Fund improved, with a gross gain of ¥0.5 trillion as of August 10, 2020, indicating a turnaround from previous losses [55][56] Company Strategy and Development Direction - The company is focused on a monetization program targeting ¥4.5 trillion, with ¥4.3 trillion already achieved in just four months [9][10] - The strategy includes share buybacks totaling ¥2.5 trillion, with ¥1 trillion already executed [40] - The establishment of an investment management subsidiary aims to diversify assets and manage excess cash effectively [67][69] Management's Comments on Operating Environment and Future Outlook - The management emphasized a defensive posture in response to the ongoing COVID-19 pandemic, aiming to maintain a low level of loan-to-value (LTV) ratio [33][35] - There is cautious optimism regarding the recovery of the Vision Fund and the overall financial health of the company, despite uncertainties in the market [59] - The management is committed to achieving the monetization targets and maintaining shareholder value, despite market volatility [72] Other Important Information - The company plans to stop daily disclosures of private company valuations to avoid misleading investors, opting for quarterly updates instead [44] - The performance of the Vision Fund is improving, with several companies in the portfolio preparing for upcoming listings [59] Q&A Session Summary Question: What is the current status of the Vision Fund? - The Vision Fund has shown improvement, with a valuation gain of ¥0.5 trillion and several companies preparing for IPOs, indicating a positive trend [55][59] Question: How is the company managing its debt? - The company has successfully reduced net debt from ¥6.3 trillion to ¥5.8 trillion, maintaining a healthy financial position [28][73] Question: What are the plans for the monetization program? - The company is on track to exceed its ¥4.5 trillion monetization target, having already achieved ¥4.3 trillion in just four months [9][10]
SoftBank(SFTBY) - 2020 Q4 - Earnings Call Transcript
2020-05-18 17:15
Financial Data and Key Metrics Changes - The consolidated results showed a significant impact on EBIT and net income, primarily due to the performance of the SoftBank Vision Fund segment, which experienced a large decrease [9][10] - The net sales remained relatively stable, but the overall EBITDA was dragged down by the Vision Fund's performance [9][10] - The equity value of holdings decreased by ¥500 billion, and net debt increased by ¥800 billion, leading to a total decrease in shareholder value of ¥1.4 trillion since December 2019 [22][23] Business Line Data and Key Metrics Changes - The domestic telecom business reported a 4% increase in revenue and an 11% increase in operating income, marking the highest performance ever [17] - The SoftBank Vision Fund had cumulative investments of ¥8.8 trillion, with a valuation loss of approximately ¥100 billion [11][12] - Eight companies from the Vision Fund went public, generating a gross gain of about ¥150 billion [15][16] Market Data and Key Metrics Changes - The global impact of COVID-19 led to a 90% decrease in travel and a 50% decline in automotive shipments, significantly affecting various sectors [6][37] - The stock prices of major holdings like Alibaba initially dropped but began to recover, indicating a potential return to normal business performance [16] Company Strategy and Development Direction - The company plans to monetize ¥4.5 trillion in assets, with ¥2.5 trillion allocated for share buybacks, indicating a focus on strengthening financial stability [27][71] - The merger between Sprint and T-Mobile is expected to create significant synergies, enhancing the value of SoftBank's equity stake [18][81] - The company is committed to supporting unicorns and new technologies that can thrive post-COVID-19, emphasizing a shift towards online services and digital solutions [41][90] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unprecedented crisis caused by COVID-19, comparing it to the Great Depression and emphasizing the need for cautious management [5][26] - There is an expectation that some unicorns will successfully navigate the challenges posed by the pandemic, with a belief in the long-term growth potential of the remaining investees [42][98] - The management remains optimistic about achieving a blended IRR of 20% in the long term, despite current challenges [104][112] Other Important Information - The company has implemented measures to ensure a loan-to-value ratio below 25% as part of its financial discipline [29] - There is uncertainty regarding dividends for fiscal 2020, with management indicating that the amount may be adjusted based on financial needs [30][32] - The company has been actively involved in social contributions by supplying medical equipment at cost during the pandemic [33][35] Q&A Session Summary Question: How does the company view new investments for Vision Fund in the current fiscal year? - Management indicated that new investments for Vision Fund 1 are no longer being pursued, but they will continue to invest using their own funds for Vision Fund 2 [50][51] Question: Is the Vision Fund considered a failure due to its negative performance? - Management stated that while there have been losses, the overall performance relative to market declines has not been as severe, suggesting a nuanced view on the fund's success [59][60] Question: What measures are in place to manage potential valuation losses in the Vision Fund? - Management emphasized a conservative approach to evaluating potential losses, utilizing third-party assessments and maintaining a cautious investment strategy [92][94] Question: How does the company plan to compete in the current investment landscape? - Management highlighted the importance of recycling proceeds from successful public companies to fund new investments, while also focusing on maintaining a strong market position [70][72] Question: What is the outlook for the company's governance and board structure? - Management confirmed plans to increase the number of independent directors to enhance governance and ensure robust decision-making processes [106][109]