SoftBank Group Co., Ltd. held a briefing session on November 6, 2017, the second quarter of the fiscal year ending March 2018.
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Next is the arm.It was a big shopping, but it was good to buy it.In the past year, I was very convinced that.ARM -based chips are 27 % and sales have increased by 20 %.
AI chip development.
Development of product chips for server.
Cooperation with NVIDIA.NVIDIA has said earlier that we have invested via SoftBank Vision Fund (SVF) and have made a very profit, but in two companies, business alliance is progressing one after another.
The arm has a 99 % market share of the world on smartphones.The overwhelming world is already in IoT.It has one share, which spreads one after another.
It was good to buy the arm.From now on, a world with 1 trillion arm chips will come.
Next, Alibaba.As I mentioned earlier, in the past year alone, our market capitalization has increased from 6 trillion yen to 14 trillion yen in one year.Regarding business performance, sales for three months have increased by 61 %, 900 billion yen.By the way, the sales of Amazon and Alibaba are different.Amazon counts everything sold on the Amazon platform, but does not count Alibaba.They are just advertising and other commissions.The amount of handling is overwhelmingly NO, which is far more overtaken by Amazon, and there is one Alibaba one company than the remaining e -commerce from all over the world and all added all..It is 1.Alibaba increased 61 % in one year in sales.
Operating income is 83 % growth.
Net income increased 71 %.Net income for three months (in the second quarter of the fiscal year ending March 2018) was 360 billion yen.1 year a year.You are making a profit of about 5 trillion yen.It has become a great cash machine.Alibaba is not a bubble.As an absolute amount, it is a situation where you can earn profits.
In response to net income, free cash flow (as net income) has a free cash flow after tax and capital investment.In other words, Alibaba does not have the stock price rising in the image, but earns it as an absolute profit.
We have launched SVF as a company to invest in the future, not just past investment.For 18 years, including Alibaba, our investment IRR has increased the value of 44 % shares every year.It is 20 trillion yen, and there is no 44 % (per year) in the world.Not only that, he is trying to find a new company that is equivalent to Alibaba, invest structurally, and strengthen the group.That is "SoftBank Vision Fund".
In the last six months, SVF has already invested in 20 large companies.Venture capital is about 100 billion yen in one fund, but we invest around 100 billion yen per project.Of course, it is large and small, but in this short period of time, I think that there has never been a venture investment company on the earth.SVF is the first new and new business investment company born on the earth.
For example, Slack.If you know Slack, please raise your hand.About 5 % (looking over the venue).I don't know about 95 %.But this is growing rapidly, mainly in the United States.There are Dropbox, Linkedin, Salesforce, etc., which have been listed so far, but have become a company that earns sales earlier than any company.Great company.
Mapbox.Twitter and the United Nations, other than Google Maps, most competing with Google are starting to use one after another.
Flipkart is the largest E -commerce in India.Share in India's e -commerce market is 60 % and NO.1.Large than Amazon in India.It is not easy to have a larger market share than Amazon in each country.In China, we beat Amazon, and Alibaba is overwhelming NO.It became 1.I think India is the second largest market after China, but has 60 % market share in India.I think it's a good start.
paytm.In China, Alipay has been very successful as a business model, but Paytm supports both Alipay and SoftBank Group.We have joined as the second largest shareholder after Alibaba Group.One of the joint front.
Fanatics is specialized in sports equipment with the same e -commerce.A company that has the right to sell goods to the fans, including US football, major leagues, basketball, and golf.It is growing rapidly now.It's hard to compete with Amazon with a common e -commerce in the United States, but companies with specialized categories and exclusive positions are very interesting.
Roivant.In the past three years, the founder who has been IPO (publicly disclosed) in the past three years has launched the company.He uses AI to collect data and "drug discovery" to create drugs.It is evolving rapidly.
VIR uses state -of -the -art AI for infectious diseases such as influenza and hepatitis B to prepare and develop vaccines and drugs.
众 众 众 ぞ ぞ ぞ ぞ ぞ ぞ ぞ ぞ ぞ ぞA company that started by paying for insurance if you ship Alibaba products.The number of users has already exceeded 500 million and the number of contracts is 8.2 billion.Started with zero, it was listed on the Hong Kong market in October 2017, a company that has grown rapidly in four or five years.At the time of listing, we invested in the form of anchor injury.I'm going to do overseas expansion together.
SVF will prepare fund managers and experts in each region and field, including China, India, the United States, and other areas, each region and fields, and will strategically release synergies.The size of the material is not strictly sized, "Oh, this is (a cumulative investment from SBG Group Companies and SVF)" (laughs).There is no point in measuring with a ruler, but if you go with the image of large, medium and small, it is almost like a big investment, region, and theme.I think it's a very good start.
Accelerate the information revolution.The SoftBank Group's actual business is information revolution.Neither a conventional investment company nor a telecommunications company.The main business is the information revolution, and it is a new business company that does it in a group strategy.
one more.On October 24, 2017, I went to Saudi Arabia.
The Saudi Crown Prince invests more than 50 trillion yen to build a new city.This city is born as the world's most advanced city.If you think it's a city with a more advanced Dubai, you can think of it.
With the young Crown Prince of Saudi Arabia, I also sat next to it and held a presentation together.We want to do business activities in earnest.One of them is Saudi Electric Power, one of the exclusive companies that provide electricity in Saudi Arabia.
We have signed a memorandum (MOU) that SVF will invest in the Saudi power.What percentage of what percentage and how it will be involved will be adjusted for several months.
In the past, Saudi power had previously burned oil (regardless of price), caused electricity with firepower, and used gas as a sub.There is no such wasteful story.The oil to be used for power generation will be procured at global market prices, and the compensation that has been invested so far is not used in principle.So what to do is solar power.Saudi Arabia has the best sun, excellent sand, and large land in the world.Using them to conduct the world's largest solar power generation business.This reform focuses on SVF.
Since the Great East Japan Earthquake, the SoftBank Group has been actively working on solar power generation, wind power, and natural energy. A total of about 30 projects are operating and generating power. In addition, it has entered India and has already performed large solar power. Based on both know -how and experience, we will also produce power generation equipment in Saudi Arabia to create the world's largest solar power infrastructure. Rather than a small business operator who delivers solar power to power companies, he participates in management itself as a shareholder of a single -owned power company, and focuses on solar power, the most natural energy in the world. I want to make a company with a high ratio. The large power storage device is also the most advanced and largest in the world, creating a management plan, and I think it will also make money. This is also one of the investors as part of the extension of SVF. SVF is not only a small start -up / venture project, but also a variety of "DIDI" (Chinese ride share companies), "Uber", which is now being wandering, and as mentioned earlier, AI and robots. I'm doing something. The arm also has some shares. In other words, investing in large companies, such as a power company, is investing where innovation is performed with a vision.
The SoftBank Group is not a company that stays in one place.We will carry out information revolutions and AI revolutions in group strategies.The power company mentioned earlier will also be a case of electric power companies that use IoT and AI most thoroughly in the world in addition to natural energy.The SoftBank Group grows further.Therefore, as I mentioned at the beginning, we do not decide to make a decision on the management right of sprints with concerns about the rise in short -term stock prices, and think about 5 years, 10 years, 20 years ahead, 30 years ahead.He decided to continue his management rights as an important base.
Regarding the suspension of merger negotiations between T-mobile and sprints, it was possible to secure some influence by holding certain shares and use it as infrastructure in the IoT era without having management rights.Isn't it?
If it was almost the same level of management, I think that was one option.However, it would be better to have a great influence on the decision to make as much as possible.You can do it while discussing, but if you go to the revolution or reform, there will be many situations where you have to be very hungry and make management decisions.Looking at the history of the SoftBank Group, there are many projects that I decided somewhat, rather than deciding on discussions and majority vote.So, if you want to forcibly decide things, you have to make a decision, putting the right, thoughts, and wrong about your vision in the future.In that case, it was decided that it would be better to have management rights.
After the merger negotiations were over, they said, "Surprising," but it sounds like "negotiations have never been in the future."Will we continue to negotiate with other companies other than mobile carriers, such as cable TV companies, on the premise of holding management rights?
There are also grandchildren.There are many things, such as time, case, conditions, and opponents.However, at least the sprint has been able to produce operating profits of 200 billion yen in half a year.200 billion yen in 6 months, not bad.Because you can do it alone, you don't have to judge things.I want to be a little relaxed because you don't have to bite bad conditions.
I heard that President Trump, who came to Japan, was also present at a meeting with Japanese and US business owners.I think President Son has been meeting with President Trump several times, but what about today's expression, appearance, and exchanges?Also, at today's meeting, was there a remark from President Trump from President Son, including requests and opinions on the Japanese economy?
He called himself the name of the company's president who announced the construction of a factory in Son -America, and said, "I'm very happy."He felt his enthusiasm because he was a top sales or a businessman president.As a result, GDP is much larger than expected at first.Employment is growing.The stock price was also the best in history, so I was in a good mood.He is very concerned about the North Korean issue.He seemed to work well with Prime Minister Abe and interacted with information, and felt that the US -Japan relations were working well.
There was something like a meeting for about 2 hours, and after that I talked individually.Before the president took office, he went to Trump Tower and met one -on -one, and committed 5 trillion yen in four years and 50,000 employment as a celebration of the president.In an individual story, we reported that it had already progressed nearly half over the past year.In some cases, when I was thinking about increasing it, I was very in a good mood and was pleased, saying, "Masa, you are wonderful!"In that sense, I think it is a very good relationship.
Is there anything that left a request, opinions and opinions on the Japanese business community?
My grandchildren wanted more to invest in employment and factories.
Are you planning to acquire a mobile phone company in Asia and Europe?
Even though it is a grandchild, there is no specific project right now because there is a order, importance, or an investment opportunity.
It was said that the SoftBank Group was an information revolution company.It is said that the world's largest solar power generation business will be held in Saudi Arabia in 2018, but what is the position of the power business in the information revolution?It was to use IoT / AI, but there is something that can be done much more.
The grandchildren triggered a major power outage due to the Great East Japan Earthquake. There was a shortage of electricity and there was a power crisis all over Japan. At that time, our mobile business was no longer connected. He recognized again that the phone would not be connected without electricity, and studied various problems, such as how dangerous nuclear power generation was, and had a sense of crisis. I want to solve the problem of Fukushima even if I quit the SoftBank Group's president at one time. If you want to go to power, you will be out of the officer, "I want to quit the president", "I can't quit," "No, I will quit. I will go, don't stop it." "No, no." 。 It was stopped with great momentum, including the Miyauchi here. At that time, he confirmed, "The actual business is an information revolution, but I can do some natural energy." When I tried it, it was found that I could know how to make it as a business. As one of the people living on the earth and one of the businesses, I want to contribute to the global problem solving as long as I get know -how. It's not the main business, but I still want to be the best in the world. If you do it anyway, we want to use AI and IoT, and we want to provide the cheapest, the lowest price than before, which is different from conventional power companies, is the lowest price than before. I think I could see the measures. I want to actively expand it from Saudi Arabia.
Actively expanding from Saudi Arabia means expanding or investing in Japan in other areas?
Son Japan is the most difficult and difficult country. Even if you know it is good, it is quite difficult because there are various regulations and regulations that are not written in writing. However, just because it's difficult, just complaining will not proceed, so I will do it from where I can do it. If a door is opened in Japan, there is a possibility that it will be aggressive. Even now, even if I want to do it, I'm mean that the power company doesn't connect. By participating in the management this time, it can be seen from the contents of the management of how Japanese electricity companies are doing it with excuses. Why can't I do what I can do overseas in Japan? That's because Japanese electricity companies are closing the village and are closed due to the theory of the village. Either way, we will go from a place that is easy to contribute to the earth. I want to contribute to the earth from Saudi Arabia and India, which have a lot of solar radiation in the right place.
The iPhone X was released on November 3, but how about the response and the unprecedented three model configurations?How about compared to the previous year?The second point turns out that the main line is extending, but is the ratio of Y -Mobile high?
Son iPhone X is growing very much.Sold out in an instant.I want you to supply a lot to Apple, but for details from Miyauchi.
Miyauchi iPhone X is a very smooth start.About twice the momentum of iPhone 8.However, if the supply has not been caught up, the addition of the iPhone 7, iPhone 8, iPhone X, which has been added, has increased a lot of the previous year than last year.The main line is a smartphone.Y -Mobile is growing as you know.On the other hand, SoftBank brands have launched a large -capacity price plan since last year, and has been gradually hitting and the SoftBank brand has grown very much.
I think the direction of various businesses is visible, but the value of the frequency in the balance sheet and the caching flow, such as profit and loss statements, are low, and the mismatch is not balanced.I think it is.When will the value of the balance sheet (frequency) be embodied by the flow?If the turning point is 5g, is it a way to catch the span of 2020 or 2021?
My grandson steadily gets better every year.Rather than suddenly getting better, it gets better one step by one step.In 5g, the most advantageous frequency is 2.We have overwhelmingly a lot of 5GHz bands in the world's careers.It is 5G that makes it useful.In that sense, I'm looking forward to the future.It will come in the next few years.
2月の決算会見で孫社長自ら米国のスプリント再編に乗り出すと話し、再編相手を問われるとT-Mobileの名前を挙げた。これまでのソフトバンクのM&Aを研究すると、孫社長が相手の名前を出したり、発言したりすることはなかったと思う。「孫の二乗の法則」の中でも、水面下でやると常々言っていたが、今回はなぜオープンな形で再編に乗り出したのか。名前を挙げることでより良い条件を引き出し、交渉を優位に進める意図があったのではと感じたが、戦術、意図を教えてほしい。
It is not limited to grandchildren T-Mobile.It is true that the best favorite was T-Mobile.The other party clearly said that we had started negotiations with us, so we've been doing it three years ago rather than a comment at all, and we can't help but hide it.As a negotiating partner, he worked seriously and sincerely from the front.However, there was a line that could not be yielded until the end, and this concluded.
He says he wants to have an exclusive thing in a group that cannot be bought, but how does Uber have the technology?I don't think negotiations with Uber can be done, but do you think it's an indispensable US ride sharing market?
Son Uber is a company that has a very good start. Now, I think that it is a great company that is temporarily suffering in management, but it is a very wonderful company. However, on the other hand, there are problems with prices and conditions, so it is not known to the end. I'm considering it positively, but I'm not sure if it's really a scam to do, but I don't know until the end. It depends on the conditions. Most of the existing shareholders buy it, so when an existing shareholder says he doesn't want to sell it at that price, it is quite possible that he does not want to buy it at a higher price. Of course, before investing, the number of directors, the voting rights, and the process of buying the process are also finalized. Depending on the price and conditions, it is quite possible to change our investment destination to the other business, Lyft. Until the end, I don't know until the last minute.
Transferred of the financial results briefing (Part 1)
(Publication date: November 16, 2017) Sentence: Soft Bank News Editorial Department
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