{"slug":"softbank","name":"소프트뱅크그룹","name_en":"SoftBank Group","ticker":"9984.T","updated_at":"2026-07-12T04:05:14.37+00:00","canonical":"https://valuechain.wiki/softbank","citable":"밸류체인 그래프 기준 소프트뱅크그룹의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 0·투자 2)이고, 사슬을 2차까지 넓히면 7곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, SoftBank Group is directly linked to 2 companies (0 supply, 0 revenue, 2 investment relationships) and reaches 7 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"닛케이 225","kicker_en":"Nikkei 225","lead":"손정의가 이끄는 일본의 AI 투자 지주회사다. Arm 홀딩스 지분 약 90%를 보유한 지배주주이자, OpenAI의 최대 외부 투자자로서 누적 약 646억 달러를 약정해 약 13% 지분을 확보한다. 소프트뱅크 비전펀드와 통신 자회사 소프트뱅크(SBKK)를 연결한다. FY2025 순이익 5조 22억 엔으로 일본 기업 역대 최대를 기록했고, 5,000억 달러 규모 미국 AI 인프라 프로젝트 스타게이트의 재무 리드를 맡는다.","lead_en":"A Japanese AI investment holding company led by Masayoshi Son. It is the controlling shareholder of Arm Holdings with about a 90% stake and OpenAI's largest outside investor, committing roughly $64.6 billion cumulatively for an about 13% stake. It consolidates the SoftBank Vision Funds and the SoftBank (SBKK) telecom subsidiary. It posted a record 5,002.3 billion yen net income in FY2025, the largest ever for a Japanese company, and serves as financial lead of Stargate, the $500 billion US AI infrastructure project.","segments":{"parts":[{"desc":"NAV의 축 — Arm(약 90%)·OpenAI(약 13%) 등 핵심 지분. 평가손익이 그룹 순이익을 좌우한다.","name":"지주회사 투자사업"},{"desc":"SVF1·2의 기술주 포트폴리오 — OpenAI 평가익이 FY2025 이익을 견인.","name":"소프트뱅크 비전펀드"},{"desc":"일본 이동통신·브로드밴드의 안정 현금흐름 — 그룹 연결 순매출(~¥7.8조)의 기반이자 레버리지 완충.","name":"소프트뱅크(SBKK 통신)"},{"desc":"연결 자회사 반도체 IP — 라이선스·로열티. 주가 급등이 NAV를 직접 끌어올리나 연결손익엔 미반영.","name":"Arm"}],"total":"약 ¥7.8조 (FY2025 순매출)"},"segments_en":{"parts":[{"desc":"The NAV axis — core stakes such as Arm (~90%) and OpenAI (~13%); mark-to-market gains and losses drive group net income.","name":"Holding Company Investments"},{"desc":"The tech-stock portfolio of SVF1/2 — OpenAI mark-ups drove FY2025 earnings.","name":"SoftBank Vision Funds"},{"desc":"Steady cash flow from Japanese mobile and broadband — the base of group net sales (~JPY 7.8tn) and a cushion for leverage.","name":"SoftBank (SBKK telecom)"},{"desc":"The consolidated semiconductor-IP subsidiary — licenses and royalties; its share-price surge lifts NAV directly but is not reflected in consolidated P&L.","name":"Arm"}],"total":"~¥7.8T (FY2025 net sales)"},"returns_yearly":{"2021":10.2,"2022":9.9,"2023":39.2,"2024":6.5,"2025":8.5,"2026":3.2},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":1,"returns_yearly":null},{"slug":"amd","name":"AMD","name_en":"AMD","tier":2,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":2,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":16}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":2,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras 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(UMC)","tier":3,"returns_yearly":{"2021":43.2,"2022":-40.3,"2023":39.2,"2024":-19,"2025":28.8,"2026":215.1}},{"slug":"intel","name":"Intel","name_en":"Intel","tier":3,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":197.7}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":195.8}},{"slug":"bloom-energy","name":"Bloom Energy","name_en":"Bloom Energy","tier":3,"returns_yearly":{"2021":-23.5,"2022":-12.8,"2023":-22.6,"2024":50.1,"2025":291.2,"2026":181.5}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":177.8}},{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","tier":3,"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":167.6}},{"slug":"nebius","name":"Nebius","name_en":"Nebius 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Technology","tier":3,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":79.2}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":3,"returns_yearly":{"2025":99,"2026":67.3}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":3,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":67}},{"slug":"keysight","name":"Keysight","name_en":"Keysight Technologies","tier":3,"returns_yearly":{"2021":56.3,"2022":-17.2,"2023":-7,"2024":1,"2025":26.5,"2026":58.5}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":55.3}},{"slug":"monolithic-power","name":"Monolithic Power","name_en":"Monolithic Power","tier":3,"returns_yearly":{"2021":35.5,"2022":-27.8,"2023":79.8,"2024":-5.6,"2025":54.5,"2026":49.8}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":3,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":45.1}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":3,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":42.7}},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":3,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":38.6}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":3,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":33.4}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":3,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":33.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":3,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":28.6}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":3,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":27.2}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":22.9}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":3,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":18.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":3,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":13}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":3,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"toppan-printing","name":"돗판인쇄","name_en":"Toppan Printing","tier":3,"returns_yearly":{"2021":49.3,"2022":-2.1,"2023":99.1,"2024":8.1,"2025":10.7,"2026":9.9}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":3,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":8.9}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":-2.1}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":-3.3}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-4.5}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":-5.2}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":3,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-28.6}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null},{"slug":"shinko","name":"신코덴키","name_en":"Shinko Electric Industries","tier":3,"returns_yearly":null}],"analysis":"소프트뱅크의 논점은 '레버리지를 건 AI 순자산가치(NAV) 플레이'다. 지주회사의 가치는 사실상 Arm(약 90% 지배지분)과 OpenAI(약 13%, 누적 약정 $646억)에 달려 있고, FY2025 사상 최대 순이익 5조엔도 대부분 OpenAI 평가익이 만든 장부상 이익이다. 여기에 $5,000억 스타게이트의 재무 리드를 맡아 AI 인프라에 방향성 베팅을 키운다. 문제는 조달 방식 — Arm 주식 담보 마진론($115억)·OpenAI 브리지론($85억) 등 대규모 차입으로 투자하기 때문에 Arm·OpenAI 밸류에이션이 흔들리면 NAV와 차입 여력이 동시에 압박받는다. 통신 자회사 SBKK의 안정 현금흐름이 그 완충이며, 주가는 NAV 대비 할인과 AI 센티먼트 사이에서 움직인다.","analysis_en":"SoftBank's thesis is 'a leveraged AI net-asset-value (NAV) play.' The holding company's value hinges effectively on Arm (~90% controlling stake) and OpenAI (~13%, ~$64.6B committed), and even the record FY2025 net income of JPY 5.0tn is largely a paper gain from marking OpenAI. On top of that it serves as financial lead of the $500B Stargate project, scaling a directional bet on AI infrastructure. The catch is how it funds this — it invests via large borrowings (an ~$11.5B Arm-share margin loan, an ~$8.5B OpenAI bridge loan), so if Arm or OpenAI valuations wobble, NAV and borrowing capacity are squeezed together. The steady cash flow of telecom subsidiary SBKK is the cushion, and the stock trades between its NAV discount and AI sentiment.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"소프트뱅크(SBKK) 통신 가입자·기업 고객","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"JPY","as_of":"FY2025","basis":"그룹 연결 순매출","value":7798700000000,"basis_en":"group consolidated net sales"},"note":"통신 자회사 소프트뱅크(SBKK)의 일본 내 이동통신·브로드밴드·기업 서비스 매출이 그룹 연결 순매출의 안정적 기반. FY2025 그룹 순매출 약 ¥7.8조.","note_en":"Domestic mobile, broadband and enterprise revenue from telecom subsidiary SoftBank (SBKK) is the stable base of group net sales. FY2025 group net sales about ¥7.8T.","sources":[{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"순매출 7,798.7억 엔(전년 대비 +7.7%). SBKK(소프트뱅크 통신)는 연결 자회사다.","excerpt_en":"Net Sales ¥7,798.7B (+7.7% YoY). SBKK (SoftBank telecom) is a consolidated subsidiary."}]},{"direction":"investment","counterparty":"OpenAI","counterparty_slug":"openai","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-05","basis":"지분 약 13%","value":64600000000,"period":"누적 약정","basis_en":"~13% stake"},"note":"OpenAI 최대 외부 투자자(마이크로소프트 다음). 2026년 2월 300억 달러 후속 투자 확정, 완료 시 누적 약 646억 달러·약 13% 지분. FY2025 SVF2에서 OpenAI 관련 투자평가이익 약 ¥6.5조 반영.","note_en":"OpenAI's largest outside investor after Microsoft. A $30B follow-on committed in Feb 2026 lifts cumulative investment to about $64.6B for a ~13% stake on completion. SVF2 booked ~¥6.5T of OpenAI-related investment gains in FY2025.","sources":[{"stance":"confirms","publisher":"뉴스핌","publisher_en":"Newspim","kind":"news","lang":"ko","published_at":"2026-05-14","url":"https://www.newspim.com/news/view/20260514000060","title":"'오픈AI 올인' 결실…소프트뱅크, 日기업 역대 최대 순이익","title_en":"'All-in on OpenAI' pays off: SoftBank posts largest-ever net income for a Japanese company","excerpt":"회사는 올해 3월 말 기준 오픈AI에 약 346억 달러를 투자했으며, 연말까지 누적 투자 규모를 646억 달러 수준으로 확대할 계획이다.","excerpt_en":"As of end-March SBG had invested about $34.6B in OpenAI and plans to expand cumulative investment to about $64.6B by year-end."},{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"2026년 2월 SBG는 OpenAI와 300억 달러 후속 투자 확정 계약을 체결했다. 완료 시 SBG의 OpenAI 누적 투자액은 646억 달러에 이른다.","excerpt_en":"In Feb 2026, SBG entered into a definitive agreement with OpenAI for a $30B follow-on investment. Upon completion, SBG's cumulative investment in OpenAI will reach $64.6B."},{"stance":"mentions","publisher":"AInvest","publisher_en":"AInvest","kind":"analysis","lang":"en","published_at":"2026-04-01","url":"https://www.ainvest.com/news/softbank-openai-bet-13-stake-ai-future-funded-global-debt-discipline-2604/","title":"소프트뱅크의 OpenAI 지분 13%·누적 $646억","title_en":"SoftBank's 13% OpenAI stake, $64.6B cumulative","excerpt":"A follow-on $30 billion brings SoftBank's cumulative stake to an expected $64.6 billion, ~13% ownership.","excerpt_en":"$30B follow-on; $64.6B cumulative; ~13%."},{"stance":"confirms","publisher":"CNBC","publisher_en":"CNBC","kind":"news","lang":"en","published_at":"2025-11-11","url":"https://www.cnbc.com/2025/11/11/softbank-earnings-report-2q.html","title":"소프트뱅크, OpenAI 힘입어 비전펀드 190억 달러 이익…AI 랠리 올라타","title_en":"SoftBank rides the AI wave as OpenAI lifts Vision Fund to $19 billion gain","excerpt":"비전펀드는 OpenAI 힘입어 190억 달러 이익을 기록했다.","excerpt_en":"Vision Fund posted a $19 billion gain driven by OpenAI."},{"stance":"confirms","publisher":"SoftBank Group","publisher_en":"SoftBank Group","kind":"ir","lang":"en","published_at":"2025-09-24","url":"https://group.softbank/en/news/press/20250924","title":"OpenAI·오라클·소프트뱅크, 스타게이트 5개 사이트 확장","title_en":"OpenAI, Oracle and SoftBank expand Stargate with five new sites","excerpt":"Five new Stargate sites bring planned capacity to nearly 7GW and over $400 billion of investment over three years.","excerpt_en":"Stargate at ~7GW planned across new sites."},{"stance":"confirms","publisher":"OpenAI","publisher_en":"OpenAI","kind":"ir","lang":"en","published_at":"2025-01-21","url":"https://openai.com/index/announcing-the-stargate-project/","title":"스타게이트 프로젝트 발표 ($5,000억)","title_en":"Announcing the Stargate Project ($500B)","excerpt":"The $500 billion Stargate commitment - SoftBank and OpenAI as lead partners; SoftBank has financial responsibility.","excerpt_en":"Stargate $500B; SoftBank as financial lead."}]},{"direction":"cost","counterparty":"금융기관 차입 (Arm 주식 담보 마진론)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"FY2025","basis":"Arm 주식 담보 마진론","value":11500000000,"basis_en":"Arm-share margin loan"},"note":"Arm 보유 지분을 담보로 한 마진론 등 대규모 차입으로 AI 투자 자금을 조달. FY2025 중 Arm 주식 담보 마진론 약 115억 달러(약 ¥1.8조) 증가.","note_en":"Large-scale borrowings, including a margin loan collateralized by its Arm stake, fund AI investments. During FY2025 the Arm-share margin loan increased by about $11.5B (~¥1.8T).","sources":[{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"Arm 주식 담보 마진론: +115억 달러 / +¥1.8조.","excerpt_en":"Margin loan (Arm shares): +$11.5B / +¥1.8T."}]},{"direction":"cost","counterparty":"금융기관 차입 (OpenAI 투자 브리지론)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-04","basis":"브리지론","value":8500000000,"basis_en":"bridge loan"},"note":"OpenAI 투자 자금 조달을 위해 2025년 4월 금융기관에서 85억 달러를 차입해 동일 금액을 SVF2에 재대여. OpenAI 후속 투자용 브리지론.","note_en":"To fund the OpenAI investment, in Apr 2025 SBG borrowed $8.5B from financial institutions and on-lent the same amount to SVF2. A bridge loan for the OpenAI follow-on.","sources":[{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"2025년 4월 SBG는 OpenAI 투자 목적으로 금융기관에서 85억 달러를 차입해 같은 금액을 SVF2에 재대여했다.","excerpt_en":"In Apr 2025, SBG borrowed $8.5B from financial institutions for the purpose of investing in OpenAI, and on-lent the same amount to SVF2."}]},{"direction":"investment","counterparty":"Arm Holdings","counterparty_slug":"arm","confidence":"high","metric":{"type":"share","unit":"%","as_of":"2026-03","value":90,"qualifier":"약"},"note":"영국 반도체 IP 설계사 Arm 홀딩스의 지배주주로 약 90% 지분 보유. Arm 주가 급등이 SBG 순자산가치를 직접 끌어올린다. Arm은 연결 자회사로 주가 변동은 연결 손익에 반영되지 않는다.","note_en":"Controlling shareholder of UK chip-IP designer Arm Holdings with about a 90% stake. Arm's rally directly lifts SBG's net asset value. As a consolidated subsidiary, Arm's share-price moves are not recognized in consolidated P/L.","sources":[{"stance":"confirms","publisher":"Yahoo Finance","publisher_en":"Yahoo Finance","kind":"news","lang":"en","published_at":"2026-05-22","url":"https://finance.yahoo.com/markets/stocks/articles/softbank-group-tse-9984-stock-200849501.html","title":"소프트뱅크그룹, OpenAI 연대 심화로 도요타 시총 추월","title_en":"SoftBank Group (TSE:9984) Stock Tops Toyota As OpenAI Tie Up Deepens","excerpt":"소프트뱅크는 영국 반도체 설계사 Arm의 약 90%를 보유해, Arm의 모든 랠리가 순자산가치를 직접 끌어올린다.","excerpt_en":"SoftBank owns nearly 90% of British chip designer Arm, making every rally in Arm a direct boost to its net asset value."},{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"연결 자회사(Arm·SBKK 포함)의 주가 변동은 연결 손익에 영향을 주지 않는다. Arm은 연결 자회사다.","excerpt_en":"Share price changes of consolidated subsidiaries (incl. Arm and SBKK) do not impact consolidated P/L. Arm is a consolidated subsidiary."},{"stance":"mentions","publisher":"AInvest","publisher_en":"AInvest","kind":"analysis","lang":"en","published_at":"2026-04-01","url":"https://www.ainvest.com/news/softbank-openai-bet-13-stake-ai-future-funded-global-debt-discipline-2604/","title":"소프트뱅크의 OpenAI 지분 13%·누적 $646억","title_en":"SoftBank's 13% OpenAI stake, $64.6B cumulative","excerpt":"One option involves borrowing about $11.5 billion against its stake in Arm.","excerpt_en":"Considering $11.5B borrowing against Arm stake."}]},{"direction":"revenue","counterparty":"Arm 라이선스·로열티 고객 (반도체 생태계)","counterparty_slug":null,"confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"FY2025","basis":"Arm 분기 매출","value":1200000000,"basis_en":"Arm quarterly revenue","qualifier":"약"},"note":"연결 자회사 Arm이 전 세계 반도체·기기 업체로부터 받는 아키텍처 라이선스·로열티 매출이 그룹 매출에 기여. Arm은 FY2025 분기 사상 최대 매출 약 12억 달러(+26% YoY) 기록.","note_en":"Architecture licensing and royalty revenue that consolidated subsidiary Arm earns from global chip and device makers contributes to group revenue. Arm posted record quarterly revenue of about $1.2B (+26% YoY) in FY2025.","sources":[{"stance":"confirms","publisher":"소프트뱅크그룹","publisher_en":"SoftBank Group Corp.","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://group.softbank/media/Project/sbg/sbg/pdf/ir/presentations/2025/investor-presentation_q4fy2025_01_en.pdf","title":"FY2025 결산설명회 투자자 브리핑 (2026-05-13)","title_en":"FY2025 Earnings Results Investor Briefing (May 13, 2026)","excerpt":"Arm은 사상 최대 매출을 기록했다(전년 대비 +26%, 약 12억 달러).","excerpt_en":"Arm posted record revenue, up 26% YoY to about $1.2B."}]}]}