Operator SoftBank Group Corp. (OTCPK:SFTBY) Q4 2024 Earnings Conference Call May 13, 2024 3:30 AM ET Yoshimitsu Goto - Board Director & CFO Navneet Govil - SB Investment Advisers, SB Global Advisers, CFO Jason Child - EVP and CFO, Arm Company Participants Conference Call Participants As I mentioned earlier, for the two consecutive quarters, we recorded a net profit and orange line shows gain or loss on investments. Of course, it goes ups and downs, but in general it's been stabilized and we want to have Cas ...

Yoshimitsu Goto - Board Director & Chief Financial Officer Conference Call Participants First of all, I would like to introduce today's participants. From left, we have Yoshimitsu Goto, Board Director and CFO; Kazuko Kimiwada, Corporate Officer, Senior Vice President and the Head of Accounting Unit; Navneet Govil, SB Investment Advisers, SB Global Advisers CFO; and Jason Child, Executive Vice President and CFO, ARM. Jason is attending through the Zoom. This announcement is live broadcast over Internet. Good ...

〓 SoftBank Earnings Results for the Fiscal Year ended March 31, 2023 May 11, 2023 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. In addition, this material does not constitute an offer to sell, or a solici ...

Financial Data and Key Metrics Changes - Consolidated net sales increased slightly to JPY 6.5 trillion, with investment profit and loss showing a year-on-year increase of JPY 2.6 trillion, although still negative overall [5][6][24] - Net asset value decreased from JPY 18.5 trillion to JPY 14.1 trillion, while cash position improved significantly from JPY 2.9 trillion to JPY 5.1 trillion [24][27] - Loan-to-value ratio improved from 20.4% to 11% [24] Business Line Data and Key Metrics Changes - Vision Fund segment recorded a negative JPY 4.3 trillion in investment losses, a decrease of JPY 1.7 trillion compared to the previous year [7][12] - Investment business primarily contributed by Alibaba, showing an increase of JPY 2.3 trillion compared to the previous fiscal year [7] Market Data and Key Metrics Changes - The geopolitical environment remains unstable, with no significant changes expected in the near term [3][4] - The financial system experienced instability, notably with events surrounding Silicon Valley Bank and Credit Suisse [3] Company Strategy and Development Direction - The company is transitioning from a defense mode to a more offensive strategy, particularly focusing on opportunities in the AI sector [4][31] - Emphasis on maintaining financial stability while exploring new investment opportunities, particularly in AI and technology [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns over geopolitical risks and financial instability but noted signs of improvement in the market [3][4][32] - The company aims to balance defense and offense in its investment strategy, with a focus on AI as a key growth area [31][33] Other Important Information - The Vision Fund has invested in around 500 companies, with 94% of portfolio companies being well-capitalized [18] - The company has a strong focus on monetization and has significantly reduced investment activities compared to previous years [21][22] Q&A Session Summary Question: What is the company's strategy regarding AI and generative AI? - The company is exploring opportunities in AI and generative AI, with a focus on how to leverage these technologies for business growth [49][50] Question: Will there be a bounce back in investments? - Investment activities will be selective and deliberate, depending on the attractiveness of opportunities [51][55] Question: What is the current stake in Alibaba and the status of forward contracts? - The company has effectively utilized all shares in Alibaba for forward contracts, indicating a significant reduction in holdings [57] Question: What is the company's position regarding the Credit Suisse lawsuit? - The company expressed disappointment over the lawsuit related to Greensill, emphasizing that it has no responsibility for the decisions made by Greensill [59][60] Question: How does the company view its investment in WeWork? - The company remains hopeful for WeWork's turnaround despite current struggles, holding about a 70% economic stake [69][71]

SoftBank Group Corp. (OTCPK:SFTBY) Q3 2023 Earnings Conference Call February 7, 2023 2:30 AM ET Company Participants Yoshimitsu Goto - Board Director and CFO Kazuko Kimiwada - SVP, Head of Accounting Unit Navneet Govil - CFO, Member of the Executive Committee, SB Global Advisors. Conference Call Participants Eriko Wada - Nikkei Asia Takahiko Hyuga - Bloomberg Operator Thank you very much for waiting everyone. Now we would like to start SoftBank Group Corp. Earnings Results briefing for the Nine-Month period ...

SoftBank Group Corp. (OTCPK:SFTBY) Q2 2023 Results Conference Call November 11, 2022 2:30 AM ET Company Participants Yoshimitsu Goto - Board Director and CFO Kazuko Kimiwada - SVP, Head of Accounting Unit Navneet Govil - Managing Partner and CFO, SoftBank Investment Advisors Ian Thornton - IR, Vice President, Arm Masayoshi Son - Chairman and CEO Conference Call Participants Daisaku Masuno - Nomura Securities Operator Thank you very much for waiting everyone. Now we would like to start SoftBank Group Corp. e ...

SoftBank Group Corp (OTCPK:SFTBY) Q4 2022 Earnings Conference Call May 12, 2022 3:30 AM ET Company Participants Masayoshi Son – Chairman and Chief Executive Officer Conference Call Participants Keidai Sanda – Nikkei Business Naotaka Owada – Nikkei BP Operator [Interpreted] They will be uploaded on our corporate website after this meeting. Please wait for a moment till the start of this meeting. Thank you. Interpreter [Foreign Language] Operator [Interpreted] Just to remind you on how to ask questions. We'd ...

Earnings Results for the Nine-month Period Ended December 31, 2021 Investor Briefing February 10, 2022 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 forward ...

Financial Data and Key Metrics Changes - The company reported a significant loss of approximately ¥1 trillion in net asset value (NAV) over the last three months, indicating a downward trend in performance [21][24][22] - The NAV is considered more important than traditional accounting metrics like sales and income, emphasizing the company's focus on investment value [21][25] - The company aims to maintain a loan-to-value (LTV) ratio below 25%, currently managing to stay below this threshold [28][27] Business Line Data and Key Metrics Changes - The mobile segment revenues grew by 29% year-on-year in FY '21, driven by the rollout of the new version 9 architecture and the migration to 5G [75] - The automotive segment experienced remarkable growth of 139% year-on-year, reflecting the increasing demand for computing power in smarter and electric vehicles [76] - The infrastructure segment revenues grew by 65% year-to-date, showcasing strong momentum in this area [77] Market Data and Key Metrics Changes - The company has seen a significant shift in its portfolio, with Alibaba's share price decline impacting NAV, now accounting for only 24% of the NAV compared to 60% at its peak [23][24] - The U.S. and other markets are performing well, while the Chinese market has seen substantial losses, particularly through investments in companies like DiDi [24][32] Company Strategy and Development Direction - The company plans to prepare for the most significant IPO in the semiconductor industry, with a focus on Arm's growth and market position [19][57] - The strategy includes expanding into data centers and automotive markets, leveraging Arm's strong software ecosystem and energy efficiency [66][69] - The management emphasizes a bold strategy moving forward, aiming to establish a strong business model as they prepare for the IPO [80] Management's Comments on Operating Environment and Future Outlook - The management described the current environment as a "winter storm," with challenges from rising interest rates and stock price declines for growth companies [20][38] - Despite these challenges, the management believes in an eventual recovery and growth, particularly in the smartphone, cloud, and automotive sectors [38][57] - The management expressed confidence in Arm's potential to address future computing power demands across various industries, including electric vehicles and cloud computing [55][56] Other Important Information - The company has terminated the sale of Arm to NVIDIA due to regulatory challenges, returning to the original plan of taking Arm public [13][15] - The leadership transition at Arm is aimed at accelerating growth, with new management expected to drive the company forward [60][80] Q&A Session Summary Question: What is the outlook for Arm's growth and IPO? - The management highlighted that Arm is preparing for a significant IPO, with expectations of entering a growth stage and capitalizing on market opportunities [19][57] Question: How is the company addressing the challenges in the current market? - The management acknowledged the ongoing challenges but expressed confidence in the company's strategy and the potential for recovery in the coming years [20][38] Question: What are the key growth areas for Arm moving forward? - The focus will be on expanding in the automotive and data center markets, leveraging Arm's energy-efficient architecture and strong software ecosystem [66][69]

Financial Data and Key Metrics Changes - The company reported a net income of ¥1.8 trillion for the first half of the fiscal year, a significant decrease of ¥360 billion compared to the previous period, effectively representing a loss of ¥6 trillion in net asset value (NAV) [5][6][10] - The NAV decreased from ¥27 trillion to ¥20 trillion, with Alibaba's share dropping from 60% to 28% of the total NAV [10][11] Business Line Data and Key Metrics Changes - The Vision Fund accounted for 44% of the total NAV, showing growth from 16% in the previous year, while Alibaba's share significantly decreased [9][10] - The Vision Fund lost approximately ¥1 trillion in the last three months, but cumulatively it has gained ¥6 trillion since its inception [16][17] Market Data and Key Metrics Changes - The U.S. market showed steady growth, while the Chinese market, heavily influenced by Alibaba, faced significant declines [11][21] - The company's loan-to-value (LTV) ratio is currently at 19%, indicating a safer financial position compared to previous years when it reached 65% [13][15] Company Strategy and Development Direction - The company aims to increase investments in Japanese companies, with a focus on AI unicorns, despite currently low numbers in the pipeline [50][66] - The strategy includes a share buyback of ¥1 trillion to enhance shareholder value, taking advantage of the current discount in NAV [43][84] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism despite the current challenges, referring to the situation as a "blizzard" but noting potential growth opportunities [5][41] - The management highlighted the importance of maintaining a disciplined financial approach while exploring new investment opportunities [84][88] Other Important Information - The company is focusing on diversifying its portfolio and reducing risks by investing smaller amounts in a larger number of deals [54][55] - The management acknowledged the challenges posed by the regulatory environment in China but remains committed to investing in AI-related companies [80] Q&A Session Summary Question: What is the investment policy for Japanese companies? - The company aims to increase investments in Japanese companies, with the first investment made by the Vision Fund and more expected in the future [50] Question: What is the commitment for SVF 2? - The company plans to maintain a commitment of about ¥100 million in investments annually, considering LTV and other key performance indicators [52][53] Question: How does the company view the regulatory environment in China? - The management is concerned about the regulatory environment but believes that the risk is manageable due to the reduced percentage of Chinese investments in the NAV [88] Question: What is the outlook for PayPay? - The management is confident in PayPay's growth potential and aims to turn it profitable soon, despite current losses [69] Question: What is the company's view on the market environment for Japanese startups? - The management sees challenges in Japan's startup ecosystem but believes that success stories will encourage more young entrepreneurs [94]