wordpress blog stats
Connect with us

Hi, what are you looking for?

SoftBank net income up by 39% in April-Dec 2017 YoY

SoftBank Group Corp, a multinational conglomerate based in Japan, has reported a net income of 1,362 billion yen (roughly US $12.7 billion) April-December 2017, over 39 per cent more than the income in the same period last year. This was in part due to deferred taxes on its telecom company Sprint.

The company’s Earnings Before Interest and Tax (EBIT) in this period increased by 24 per cent to 1,148 billion yen or nearly $10.7 billion on account of cost reduction efforts for Sprint, and valuation gain in its Vision and Delta Funds.

Recently, talks of merger between Sprint and US-based telecom company T-mobile fell through, which also led to fall in share prices. But SoftBank CEO Masayoshi Son, said while releasing the earnings report, that you may think Sprint is a troubled company, but they are making a steady turnaround.

SoftBank has also unveiled plans for an initial public offering (IPO) of its domestic telecom operation. This listing of a company core to the Group’s telecommunications business, will make possible to communicate information regarding the Group’s businesses to the market with greater clarity and thereby better respond to the various needs of investors, it said.

Apart from its domestic telecom operation, the conglomerate’s other businesses include chip maker ARM, Yahoo! Japan, Sprint, Alibaba, Fortress Investment Group. SoftBank has also funded various companies around the world through its Vision Fund.

Advertisement. Scroll to continue reading.

SoftBank’s Investments

In the event, Son also spoke of investing more in companies and startups he called “unicorns”. SoftBank has invested in Indian companies Paytm, FlipKart, OYO Rooms, Ola, Snapdeal, Grofers, InMobi, Housing, among others.

In the mobility space, apart from Ola, SoftBank also has stake in US-based Uber, Chinese DiDi, and Singapore-based Grab. These companies altogether facilitate 45 million daily rides, Son said, adding that SoftBank will lead transportation in the future.

In January, Softbank increased investment in Uber and acquired 18% stake in the company. SoftBank and its co-investors gave $1.25 billion to the cab aggregator as part of the transaction.

In October last year, ANI Technologies, the owner of Ola Cabs, raised another round of funding of $2 billion from a group of investors including its existing investors SoftBank Group Corp and Tencent Holdings Ltd.

Flipkart also raised an investment of $2.5-2.6 billion from SoftBank Vision Fund in August 2017. The fund is considered to be the largest technology fund in the world. Before this, Paytm raised $1.4 billion from SoftBank Group Corp.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.


This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ