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SoftBank Group
(9984)
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Rating:56Neutral
Price Target:
¥4,691.00
▼(-7.78% Downside)
Action:Reiterated
Date:08/09/26
The score is held back primarily by weak cash conversion (negative TTM operating and free cash flow) and elevated leverage, alongside mixed earnings quality (negative TTM operating profit despite positive net income). Technicals also lean bearish with a negative MACD and price below key moving averages. These risks are partly offset by attractive valuation metrics (low P/E and very high dividend yield).
Positive Factors
Revenue Growth
Steady multi-year revenue expansion indicates that SoftBank’s consolidated businesses and investment-related activities have continued to grow in scale. A larger revenue base can support reinvestment and strengthen the group’s ability to manage a globally diversified technology portfolio over the next several quarters.
Negative Factors
Elevated Leverage
A highly leveraged balance sheet increases SoftBank’s exposure to earnings volatility and reduces financial flexibility during weaker investment conditions. Large debt obligations can constrain capital allocation, raise sensitivity to financing costs, and make portfolio monetization more important for maintaining stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Steady multi-year revenue expansion indicates that SoftBank’s consolidated businesses and investment-related activities have continued to grow in scale. A larger revenue base can support reinvestment and strengthen the group’s ability to manage a globally diversified technology portfolio over the next several quarters.
Read all positive factors
SoftBank Group (9984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥26.00T
Dividend Yield0.24%
Average Volume (3M)54.68M
Price to Earnings (P/E)5.4
Beta (1Y)1.44
Revenue Growth8.63%
EPS Growth188.96%
CountryJP
Employees73,677
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)861.18
Shares Outstanding5,711,848,000
10 Day Avg. Volume46,103,530
30 Day Avg. Volume54,677,170
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.15
Price to Sales (P/S)2.60
P/FCF Ratio-9.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,787.50Price Target Upside53.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)191.45
Revenue Forecast (FY)¥8.50T
SoftBank Group Business Overview & Revenue Model
Company Description
SoftBank Group Corp., headquartered in Tokyo, Japan, is a global conglomerate providing a wide array of services, with a core focus on telecommunications both domestically and internationally. Its extensive operations are strategically organized i...
How the Company Makes Money
SoftBank Group primarily makes money through (1) returns from investments and (2) earnings from consolidated operating subsidiaries.
1) Investment returns (core driver)
- Capital gains and losses on investments: A major source of performance is t...
SoftBank Group Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive sentiment overall, with significant financial recovery and strategic investments in AI and technology sectors. However, ongoing market volatility and increased leverage were noted as challenges. Despite these, the company's strategic direction and financial achievements outweighed the concerns.Positive Updates
Record Profitability
SoftBank Group reported a net income of JPY 1.15 trillion, marking its first profit in four years and an increase of JPY 1.38 trillion year-over-year.
Negative Updates
Market Volatility and Challenges
Weaker performance of tech stocks led to significant market volatility, impacting net asset value down by JPY 2.1 trillion year-over-year.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Profitability
SoftBank Group reported a net income of JPY 1.15 trillion, marking its first profit in four years and an increase of JPY 1.38 trillion year-over-year.
Read all positive updates
Company Guidance
During the earnings results announcement for the fiscal year ended March 31, 2025, SoftBank Group Corp. highlighted several key metrics and strategic initiatives. The company reported a net asset value of JPY 25.7 trillion, a decrease of JPY 2.1 trillion year-over-year, but noted a recovery to JPY 27.4 trillion based on current share prices. The loan-to-value ratio increased to 18.0% from 8.4% the previous year, remaining below the 25% safety threshold. SoftBank achieved a net income of JPY 1.15 trillion, marking its first profit in four years, and net sales rose to JPY 7.2 billion, up JPY 487 billion year-on-year. The company is focused on advancing its AI strategy, including a significant investment commitment of up to $30 billion in OpenAI and the acquisition of Ampere for $6.5 billion. Additionally, SoftBank is preparing for the IPO of PayPay, which achieved an EBIT of JPY 45 billion and a GMV of JPY 15.4 trillion, reflecting a 23% year-on-year increase.SoftBank Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.00T | 7.80T | 7.24T | 6.76T | 6.57T | 6.22T |
| Gross Profit | 4.12T | 4.02T | 3.75T | 3.54T | 3.33T | 3.27T |
| EBITDA | 6.77T | 7.83T | 3.15T | 1.47T | 980.26B | 365.37B |
| Net Income | 4.92T | 5.00T | 1.15T | -227.65B | -970.14B | -1.71T |
Balance Sheet | ||||||
| Total Assets | 65.14T | 60.75T | 45.01T | 46.72T | 43.94T | 47.54T |
| Cash, Cash Equivalents and Short-Term Investments | 6.25T | 7.50T | 3.71T | 6.19T | 6.93T | 5.33T |
| Total Debt | 27.98T | 25.86T | 18.91T | 16.19T | 16.05T | 17.79T |
| Total Liabilities | 43.98T | 40.28T | 31.06T | 33.49T | 33.29T | 35.84T |
| Stockholders Equity | 18.23T | 17.62T | 11.56T | 11.16T | 9.03T | 9.98T |
Cash Flow | ||||||
| Free Cash Flow | -3.59T | -2.16T | 118.98B | -372.06B | 107.53B | 1.89T |
| Operating Cash Flow | -862.31B | -428.83B | 973.15B | 250.55B | 741.29B | 2.73T |
| Investing Cash Flow | -6.26T | -4.51T | -1.71T | -841.46B | 547.58B | -3.02T |
| Financing Cash Flow | 6.13T | 6.38T | -1.81T | -606.22B | 191.52B | 602.22B |
SoftBank Group Technical Analysis
Negative
5087.00
Price Trends
5691.94
Negative
6024.13
Negative
5264.54
Negative
Market Momentum
-386.40
Positive
29.40
Positive
2.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9984, the sentiment is Negative. The current price of 5087 is below the 20-day moving average (MA) of 5696.67, below the 50-day MA of 5691.94, and below the 200-day MA of 5264.54, indicating a bearish trend. The MACD of -386.40 indicates Positive momentum. The RSI at 29.40 is Positive, neither overbought nor oversold. The STOCH value of 2.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9984.
SoftBank Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥637.21B | 25.39 | 16.03% | 1.17% | 13.85% | 21.44% | |
69 Neutral | ¥10.87T | 14.79 | 14.91% | 2.82% | 4.05% | 18.81% | |
68 Neutral | ¥15.10T | 13.71 | 10.99% | 3.04% | 7.56% | 8.41% | |
68 Neutral | ¥11.81T | 21.58 | ― | 3.53% | 7.91% | 8.35% | |
58 Neutral | ¥410.89B | 23.65 | 14.57% | 1.71% | 6.44% | 8.66% | |
56 Neutral | ¥26.00T | 5.38 | 30.11% | 0.24% | 8.63% | 188.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9984
SoftBank Group
4,622.00
-1,013.91
-17.99%
JP:9449
GMO Internet
4,005.00
588.29
17.22%
JP:3774
Internet Initiative Japan
3,492.00
802.66
29.85%
JP:9433
KDDI
2,910.00
536.31
22.59%
JP:9432
Nippon Telegraph and Telephone
176.20
21.59
13.96%
JP:9434
SoftBank Corp.
246.60
34.72
16.38%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.