SoftBank Group Corp.
9984.TpublicTelecom, VC & AI Investment
Japanese conglomerate and world's largest technology investor. Co-lead of Project Stargate ($100B commitment). Majority owner of ARM (IPO 2023). Vision Fund has invested $100B+ in AI-adjacent companies. Masayoshi Son co-chairs Stargate with Sam Altman.
Latest News
CAPEX History — Quarterly
Quarterly Data & Sources
| Quarter | CAPEX | Revenue | % Rev | Source |
|---|---|---|---|---|
| Q4'24 | $0.6B | $14.0B | 4.3% | FY2025 Annual (est.) |
| Q3'24 | $0.5B | $13.2B | 3.8% | Q3 FY2025 Earnings (est.) |
| Q2'24 | $0.6B | $12.8B | 4.7% | Q2 FY2025 Earnings (est.) |
| Q1'24 | $0.5B | $13.5B | 3.7% | Q1 FY2025 Earnings (est.) |
| Q4'23 | $0.6B | $13.1B | 4.6% | FY2024 Annual (est.) |
| Q3'23 | $0.5B | $12.2B | 4.1% | Q3 FY2024 Earnings (est.) |
| Q2'23 | $0.6B | $11.5B | 5.2% | Q2 FY2024 Earnings (est.) |
| Q1'23 | $0.5B | $12.0B | 4.2% | Q1 FY2024 Earnings (est.) |
Q1'23 — SoftBank FY ends March 31. Mostly telecom/office CAPEX, not AI infra. Converted from JPY at 150 JPY/USD. AI exposure is primarily through Stargate & ARM.
Q2'23 — Converted from JPY at 150 JPY/USD
Q3'23 — Converted from JPY at 150 JPY/USD
Q4'23 — FY2024 total CAPEX: ~$2.2B (telecom-weighted)
Q1'24 — Converted from JPY at 150 JPY/USD
Q2'24 — Converted from JPY at 150 JPY/USD
Q3'24 — Converted from JPY at 150 JPY/USD
Q4'24 — Telecom CAPEX ~$2.2B. Key AI exposure: $100B Stargate co-commitment.
Guidance Tracker
“SoftBank will lead the Stargate joint venture. I, Masayoshi Son, believe this is the most important investment opportunity of our time.”
Key Quotes
“The age of AGI is near. We must invest now, boldly. Stargate is our commitment to that future.”
Stargate White House Announcement