SoftBank Group Corp

9984: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎7,466.00	Wgq	Sxtrwny

SoftBank Group Earnings: Valuation Mainly Driven by ARM; Buyer Beware; Valuation up 8%

Dan Baker

Feb 13, 2024

SoftBank Group had a very good third quarter with most of its key holdings gaining value. Still, it was very cautious regarding new investments in third-quarter fiscal 2023 (quarter-ended December 2023) with total investments from the parent company, Vision Funds and LatAm funds of only USD 0.3 billion in the quarter—lower even than the USD 0.5 billion per quarter over the last three quarters of fiscal 2022. The company reported a net profit of JPY 950 billion in the third quarter, mainly due to a net profit of JPY 434 billion on investments.

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