SoftBank Stock Gets Higher Forecast After Record Half-Year Results

TLDR SoftBank Corp (9434) closed at ¥238.40 on Monday, up 1.27%. First-half revenue rose 11.7% to ¥3.80 trillion, and operating income hit a record ¥642.1 billion. Cloud and AI revenue jumped 36.7%, and financial segment income rose 73.9%. The company raised its full-year revenue forecast to ¥7.9 trillion and kept its ¥8.80 dividend. Parent SoftBank Group (9984) reports earnings Tuesday after its stock fell 11% on Friday and 4.2% on Monday. SoftBank Corp (9434) closed at ¥238.40 on Monday, up 1.27%. The company reported record first-half results and raised its full-year targets. SoftBank Group Corp., SFTBY Revenue for the six months ended September 30 rose 11.7% to ¥3.80 trillion. Operating income climbed 2.1% to a record ¥642.1 billion. Net income attributable to owners rose 4.5% to a record ¥364.5 billion.

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