Furui released a research report expecting that Softbank's chip designer, Arm, will see an increase in royalty income from Apple's strong sales of phones and computers in the first quarter of 2025 financial year, as well as the recovery of the Internet of Things, in addition to the positive trend of Android. Furui also expects the delivery of Nvidia's GB200 to bring an increase in royalty income to the special use rights from the second half of 2025 to the end of the full fiscal year. Furui expects that Arm will continue to outperform the market, raising its target price from $130 to $170 and maintaining a "buy" rating. The company expects earnings per share under Non-GAAP for each fiscal year from 2025 to 2027 to be $1.6, $2.3, and $2.99, respectively.