Softbank Corp (Buy) - Q2 22 Results Reaction: PayPay Boost to Guidance and In-Line Results

Japan Fintech - Cashless Payments Competition Is Heating Up

Softbank Corp (Buy) - Q3 22 Results Reaction: Modest Mobile Improvement, on Track to Meet Targets

Softbank Corp (Buy) - PayPay Conversion, Re-Valuation Gain Confirmed for Q3

Softbank Corp Q4 21 Results Reaction: Behind the Headlines, Disappointing Guidance

Z Holdings (Neutral) - PayPay Rebranding of ECommerce; We Remain Cautious in a Rebuilding Year

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/softbank-corp" target="_blank" data-smartkarma-citation="entities:27445:1" rel="noopener">Softbank Corp (9434 JP)</a> results were weak as expected as mobile price reductions carved into the consumer revenue base</li>
<li>Management released some further details on PayPay including a revenue number that implies continued improvement in take rates and plans to carve out a new segment for financial services</li>
<li>Both KDDI and Softbank net adds were weaker sequentially v Q4 which bodes well for NTT and possibly Rakuten</li>
</ul>



Softbank Corp (9434 JP) results were weak as expected as mobile price reductions carved into the consumer revenue base
Management released some further details on PayPay including a revenue number that implies continued improvement in take rates and plans to carve out a new segment for financial services
Both KDDI and Softbank net adds were weaker sequentially v Q4 which bodes well for NTT and possibly Rakuten


Softbank Corp (Buy) - Q1 22 Results Reaction: Largely In-Line with Reduced Expectations