SoftBank Group Corp. (SFTBY) Q1 2024 Earnings Call Transcript

SoftBank Group Corp. (OTCPK:SFTBY) Q1 2024 Earnings Conference Call August 7, 2024 3:30 AM ET

Company Participants

Yoshimitsu Goto – Board Director & CFO

Conference Call Participants

Minoru Satake – Nikkei Newspaper
Daisaku Masuno – Nomura Securities

Operator

Thank you very much for waiting, everyone. Now we would like to start SoftBank Group Corp. Earnings Results Announcement for the three-month period ended June 30, 2024.

First of all, I would like to introduce today’s participants. From left, we have Yoshimitsu Goto, Board Director and CFO; Kazuko Kimiwada, Corporate Officer, Senior Vice President and Head of Accounting Unit; Navneet Govil, CFO, SB Investment Advisors and SB Global Advisors; and last but not least, Jason Child, Executive Vice President, CFO, Arm. Thank you very much for your understanding that Jason is attending over Zoom.

Today’s announcement is live broadcast over the Internet.

Now, I would like to invite Yoshimitsu Goto to present you the earnings results and business overview. Mr. Goto, please.

Yoshimitsu Goto

Well, good afternoon, everyone. Thank you very much for joining our earnings results announcement today.

Let me start our explanation on the earnings results for the first three months period for 2024. This is the first page. The first quarter, so this is the end of June number that we are sharing with you. So you see that this is a market status. Up until the end of June, that was the market. However, after this, we had a big volatility in the market, and this is the current situation.

So, you can see on your far left, at the end of September last year, which was the timing of Arm IPO, so starting as then in share price and the SPG share price and also some KPI — indexes that we try to compare those movements, you can see that the day before yesterday

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