Softbank - Accounting for the Vision Fund in Softbank

Softbank 4Q16/17 Numbers: Japan Telcos Weak but the Main Interest Is Potential for US Consolidation.

Softbank 8,300 Buy in Level for Fresh Highs

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

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
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/profiles/1920" target="_blank" data-smartkarma-citation="accounts:1920">Kirk Boodry</a> wrote recently about accounting issues at <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank (9984 JP)</a> when taking including the Vision Fund (SVF). In fact, forecasting net income and EPS at Softbank has become quite difficult over the last year and is discussed in more detail below. The issues discussed below are non-cash and do not affect our valuation although they do feed into net income and EPS. We expect that most investors value Softbank using a sum of the parts (SOTP), so EPS volatility is less relevant but…</p>

Kirk Boodry wrote recently about accounting issues at Softbank (9984 JP) when taking including the Vision Fund (SVF). In fact, forecasting net income and EPS at Softbank has become quite difficult over the last year and is discussed in more detail below. The issues discussed below are non-cash and do not affect our valuation although they do feed into net income and EPS. We expect that most investors value Softbank using a sum of the parts (SOTP), so EPS volatility is less relevant but…

소프트뱅크 순이익 전망에 대한 세 가지 이슈. SOTP(주가상승률)를 살펴보는 것이 좋습니다. 투자의견은 &#39;매수&#39;입니다.

Softbank Group

소프트뱅크 순이익 전망에 대한 세 가지 이슈. SOTP(주가상승률)를 살펴보는 것이 좋습니다. 투자의견은 '매수'입니다.

Softbank Group

소프트뱅크 순이익 전망에 대한 세 가지 이슈. SOTP(주가상승률)를 살펴보는 것이 좋습니다. 투자의견은 &#39;매수&#39;입니다.

소프트뱅크 순이익 전망에 대한 세 가지 이슈. SOTP(주가상승률)를 살펴보는 것이 좋습니다. 투자의견은 '매수'입니다.