Softbank - Will the Vision Fund shine again?
$SoftBank Group(9984.JP$ released its latest quarterly results. Many might not be familiar with how accounting works, so let's do a quick review of how to study Softbank Group's results.
1. SoftBank Group's main business is in mobile services and e-commerce
In the Consumer segment, the Company provides services, such as mobile services, broadband services, and electricity services to individual customers in Japan. The Company procures mobile devices from mobile device manufacturers and sells the mobile devices to distributors operating SoftBank shops, etc., and individual customers.
Segment income was ¥ 254,987 million, an increase of ¥ 32,773 million (14.7%) year on year. This was mainly due to increases in income in the Media & EC business (formerly the Yahoo! JAPAN/LINE business) and the enterprise business, despite a decrease in income in the consumer business.
2. It then invests its cash into equity and creates funds
Similar to what $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ is doing, proceeds from its core business will then be invested into equity and creating funds.
Softbank's investments are mainly into telco and internet companies like $Alibaba(BABA.US$ $BABA-SW(09988.HK$, $T-Mobile US(TMUS.US$ Arm and other funds.
Investments losses narrowed for Q1'23, helping the company achieve a narrower loss become income tax.
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The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
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