SoftBank reports 6% revenue growth in third quarter

  • SoftBank Corp Group SFTBY reports a third trimester FY21 revenue growth of 6% year-on-year to 1.6 trillion yen.
  • Arms revenue rose 20.6% year-on-year to 66 billion yen.
  • Gross profit rose 12.5% ​​year-on-year to 841.9 billion yen.
  • SoftBank’s net income fell 95.1% year-on-year to 59.2 billion yen. BPA was ¥11.43.
  • Softbank generated 2.4 trillion yen in operating cash flow in the nine months ended December 31, 2021 and held 4.6 trillion yen in cash and cash equivalents.
  • SoftBank has advised that it is reviewing initial offering plans for Arm Ltd after NVIDIA Corp. NVDA planned to drop the idea of ​​its takeover amid regulatory challenges.
  • Price Action: SFTBY shares closed up 3.24% at $23.23 on Monday.

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