TYO:9984 · TYO · Telecommunications
SoftBank Group Corp.
Current price
¥5,351.00
▲ +¥41.00 (0.77%) today
ET&A View
Last reviewed 17 September 2026
ET&A sees significant upside from the current price with an attractive risk/reward profile.
SoftBank Group offers one of the most concentrated listed exposures to the global AI ecosystem, combining control of Arm with substantial exposure to OpenAI, Vision Fund technology investments, AI infrastructure, data centres and…
Business Health
Is the business financially healthy?
Mixed
Earnings stands out. Watch cash generation and the balance sheet.
Overall
Revenue
¥8.00tn · ↑ +8% last year
Earnings
¥4.91tn · ↑ +334% last year
Margins
Losing money on its sales
Cash generation
Uses more cash than it brings in
Balance sheet
Debt ≈ 45.2 years of earnings
Dividend
0.2% yield · Pays out 1% of earnings · covered 78.1×
Investor View
Open a section for the detail behind the quick view.
SoftBank Group offers one of the most concentrated listed exposures to the global AI ecosystem, combining control of Arm with substantial exposure to OpenAI, Vision Fund technology investments, AI infrastructure, data…
The complete ET&A view
See our full reasoning, what could drive the shares higher or go wrong, our Fair Value and Preferred Entry, and how our view has changed.
Reported annual results, newest first · Market data. “Growth” is the change in sales on the year before.
| Year | Revenue | Growth | Operating margin | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| FY2026 | ¥7.80tn | +7.7% | −0.1% | ¥5.00tn | — | −¥2.16tn |
| FY2025 | ¥7.24tn | +7.2% | 10.1% | ¥1.15tn | ¥779.40 | −¥650.6bn |
| FY2024 | ¥6.76tn | +2.8% | 8.3% | −¥227.6bn | −¥43.55 | −¥372.1bn |
| FY2023 | ¥6.57tn | — | 9.6% | −¥970.1bn | −¥165.60 | ¥107.5bn |
| FY2022 | — | — | — | — | −¥256.42 | — |
Long-term growth investors
Also suits: Adventurous investors comfortable with big swings
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Compare SoftBank Group Corp with any company → The model’s own peer calculations are in the Research View.
SoftBank Group Corp. is a Japanese strategic investment holding company with major exposure to technology, artificial intelligence, semiconductors, telecommunications, robotics, digital platforms, and private market investments. The group is best known for its ownership stake in Arm, its SoftBank Vision Funds, its domestic telecoms-related interests, and its wider portfolio of technology companies across public and private markets.
SoftBank’s strength comes from its ability to allocate large amounts of capital into long-term technology themes before they become mainstream. Its current strategy is increasingly centred on artificial intelligence, with exposure across AI infrastructure, chip design, cloud computing, robotics, and platform companies. This makes SoftBank a distinctive investment vehicle: less like a traditional operating company and more like a high-conviction technology investment platform tied to the future direction of AI, semiconductors, and digital infrastructure.
Telecommunications · Japan
For detailed analysis. Each section opens on its own.
As of 14 October 2026
Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.
| Measure | Today | Source |
|---|---|---|
| P/E | Members | |
| Forward P/E | Members | |
| EV/EBITDA | Members | |
| Price/Sales | Members | |
| FCF Yield | Members |
Valuation ratios are part of ET&A membership.
Other published measures
Use the 5Y and Max ranges on the price chart at the top of the page.
Forecasts are market consensus or calculated from forward EPS — not ET&A estimates, and they can be wrong.
Powered by the ET&A Valuation FrameworkHow Fair Value & Preferred Entry work →
Read the full ET&A methodology →The ET&A View combines our assessment of the business with where today’s price sits against our Preferred Entry and Fair Value. It is a considered judgement, not a mechanical score.
ET&A Score: ET&A's overall assessment of business quality, valuation, growth and risk, out of 10. It weighs business quality, financial strength, growth, valuation, risk, future prospects.
Powered by the ET&A Company Assessment FrameworkSee the full framework →
The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →
Unprofitable · Highly levered · Neutral
Context — not part of the score
Valuation and share-price swings describe the shares, not the company, so they are judged in the ET&A Score and View instead.
Based on the factors that could be measured (45% of the model).
Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.
| Area | Based on | Score | Rating |
|---|---|---|---|
| Revenue |
Rated on 3-year average revenue growth, on ET&A's growth scale. | 5.8 / 10 | Good |
| Earnings |
Rated on the latest year's earnings growth, on ET&A's growth scale. | 10.0 / 10 | Excellent |
| Margins |
The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak). | 5.0 / 10 | Average |
| Cash generation |
Free cash flow as a share of sales, on ET&A's cash-generation scale. | 2.0 / 10 | Weak |
| Balance sheet |
Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale. | 2.0 / 10 | Weak |
| Dividend |
Dividend yield on ET&A's income scale. Not part of the overall health rating. | 1.4 / 10 | Weak |
| Overall | Average of the 5 rated areas | 5.0 / 10 | Average |
Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.
| Measure | Excellent | Strong | Good | Average | Below Average | Weak |
|---|---|---|---|---|---|---|
| GrowthStructural Growth (Fundamental Conviction) | 18%+ | 10%+ | 5.0%+ | 1.7%+ | −2.5%+ | below −2.5% |
| Operating marginCompetitive Position (Fundamental Conviction) | 29%+ | 20%+ | 13%+ | 7.5%+ | 0%+ | below 0% (loss) |
| Net marginEarnings Durability (Fundamental Conviction) | 23%+ | 15%+ | 9.8%+ | 6.0%+ | 0%+ | below 0% (loss) |
| Free-cash-flow marginCapital Allocation (Fundamental Conviction) | 15%+ | 8.5%+ | 3.8%+ | 1.3%+ | −2.5%+ | below −2.5% |
| Net debt ÷ EBITDAStructural Risk (Fundamental Conviction) | net cash | ≤ 1.5× | ≤ 2.8× | ≤ 3.6× | ≤ 5.0× | above 5.0× |
| Return on equity (banks & insurers)Bank and insurer quality | 16%+ | 12%+ | 9.0%+ | 6.7%+ | 2.7%+ | below 2.7% |
| Equity ÷ assetsBank capital | 7.5%+ | 6.0%+ | 4.7%+ | 4.0%+ | any | — |
| Dividend yieldIncome factor (ET&A Quant Score) | 5.8%+ | 4.0%+ | 2.5%+ | 1.8%+ | 1.0%+ | below 1.0% |
Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.
No research notes have been published for SoftBank Group Corp yet.
Need deeper analysis on SoftBank Group Corp? ET&A Professional includes full company notes, valuations and models — or commission bespoke research.
Masayoshi Son is no longer simply investing in artificial intelligence. He is rebuilding SoftBank around it by using debt, asset values and one of the strongest semiconductor holdings in the world to finance an increasingly concentrated wager on the AI economy.
A. Francis Ugbabe · 29 September 2026 · 9 min read