SoftBank’s Underlying Results in Line, Look at Vision Fund 2, 2:1 Stock Split Coming; FVE Increase
Softbank’s underlying fiscal 2018 (quarter-ending March 2019) result was in line with our expectations with revenue up 4.8%, and operating earnings up 9.6%, ex-SoftBank Vision and Delta Funds. The reduction in the operating profit from Yahoo Japan was more than offset by operating profit increases from Softbank Corp and a reduction in losses from others. The company also announced a 2 for 1 share split which will be effective on June 28, 2019.ÂWe increased our fair value estimate to JPY 14,000 ...
SoftBank Group is a holding company. Domestic Telecommunications business provides mobile communication services, mobile devices, broadband services to retail customers, and telecom services to corporate customers in Japan. Sprint business provides mobile communication services and fixed-line telecommunication services in the U.S. Yahoo Japan business operates Internet-based advertising and e-commerce business. Distribution business distributes mobile devices overseas, and sells software and mobile device accessories in Japan. ARM business designs microprocessor intellectual property and related technology. SoftBank Vision Fund & Delta Fund business is engaged in the investment activities.
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