New Street Research - SoftBank Corp. (9434) Softbank Corp (Buy, TP: ¥2,200, +30%) Thoughts after the call – ARPU guidance upgraded, Buy, price target ¥2,200

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New Street Research

Chris Hoare

EUR 9547.00 For Business Accounts Only

Softbank Corp (Buy, TP: ¥2,200, +30%) Thoughts after the call – ARPU guidance upgraded, Buy, price target ¥2,200

Post their strong results today, which included a meaningful inflection in ARPU sequentially, Softbank Corp hosted a call today included their outlook on mobile service revenue and ARPU. Our thoughts below.

08/11/2023 1 EN

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SoftBank Corp.

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JP3732000009 Japan

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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Softbank Corp (Buy, TP: ¥2,200, +30%) Thoughts after the call – ARPU guidance upgraded, Buy, price target ¥2,200

Japanese Telcos Q2 FY24 review: Stable growth with better profitability; NTT still preferred pick

Softbank Corp (Buy, TP: ¥270, +40%) Q2 24 Quick Take: Beat across the board and an upgraded guidance

PSA Strategy: Japan Stock Market Quarterly 2024 Q4

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Gen AI Big Idea Series - Chipletz CEO Bryan Black - Smart Substrate & the Multi-Chip-Module revolution

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