Softbank group, NOT Vision fund, annual report for 2017

Ebitda grew 2x since 2012, ebitda margin is 28–30% last 4 years.

Operating margin is 10%

Net income margin was 5–8%, and 16% in 2016

Capitalisation — grews from 2012 — 3x (as of early 2017).

Since 2011 increased leverage from 1x to 4x.

Assets since 2012 grew from 7T to 24T yen now — from $60B to $212B

Revenue structure of entire SoftBank 100% =

  • SoftBank Japan 35% (mobile and broadband in Japan),
  • ARM 1.2%,
  • Yahoo Japan 9% (Japanese Yandex =),
  • Sprint — 40% (US mobile carrier),
  • Alibaba 29% (not consolidated in revenues)
  • Brightstar 14% (distribution of PCs etc. in Japan and mobiles overseas)

Shares ownership in these daughter businesses:

  • SoftBank Japan 100%,
  • ARM 100%,
  • Yahoo Japan 43%,
  • Sprint — 83%,
  • Alibaba 29%,
  • Brightstar 87%.