SoftBank Group Corp

9984: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎9,912.00	Rjtl	Rdyzyzzv

SoftBank Group Earnings: Arm Leverage Remains, With Buyback Announced

Dan Baker

Aug 8, 2024

SoftBank Group had a good first quarter ended June 30, 2024, with its key Arm shareholding gaining value over the quarter and driving a strong runup in SoftBank’s share price. However, market volatility since then has led to a substantial decrease in the share price of both Arm and SoftBank. The company reported a net loss of JPY 174 billion for the first quarter, but we reiterate that the earnings statement is very noisy and doesn’t give the best picture of the performance of the business, nor does it give a good base for valuation.

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