SFTBY - SoftBank Group Corp. (SFTBY) Q4 2024 Earnings Call Transcript
2024-05-13 12:40:39 ET
SoftBank Group Corp. (SFTBY)
Q4 2024 Earnings Conference Call
May 13, 2024, 03:30 AM ET
Company Participants
Yoshimitsu Goto - Board Director & CFO
Navneet Govil - SB Investment Advisers, SB Global Advisers, CFO
Jason Child - EVP and CFO, Arm
Conference Call Participants
Presentation
Operator
Unidentified Company Representative
Thank you very much for waiting everyone. Now we would like to start the SoftBank Group Corp earnings results announcement for the fiscal year ended March 31, 2024.
First, 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; Navneet Govil, CFO, SB Investment Advisers and SB Global Adviser; Jason Child, Executive Vice President and CFO, Arm. 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.
Yoshimitsu Goto
Thank you for the introduction. My name is Goto, SoftBank Group. Thank you very much for your time today. This is a fiscal year-end earnings, so this is a kind of a summary for the one whole year and at the same time like to share our ideas for the future as much as I can for today.
So looking back one year, I believe the biggest event in our company was of course IPO of Arm. Last year September, Arm went public and I believe that was one of the biggest size of the IPO. And you can see in the middle, Jason is also in person attending today's meeting. Arm's share price it was IPO price $51 as of the end of March, went to about $125, so compared to the IPO price it is now 2.5 times.
Of course, after then January and February there are some ups and downs and last week was about $108. So I believe it was a good share price, good performance. So hitting -- net asset value is hitting near record highs with Arm's share price surge. So I believe Arm's contribution was one of the biggest contribution to the share price or the net asset value as well....
SoftBank Group Corp. (SFTBY) Q4 2024 Earnings Call Transcript