Japan tech giant SoftBank posts $23 billion quarterly loss
2 years, 4 months ago

Japan tech giant SoftBank posts $23 billion quarterly loss

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter a year earlier. Although Softbank’s portfolio is not directly exposed to the war in Ukraine, the company warned that global uncertainty as well as inflation and soaring energy costs would likely hurt its profitability. SoftBank also owns stakes in the SoftBank mobile carrier, Yahoo web services provider, Chinese e-commerce giant Alibaba and vehicle-for-hire company Didi.

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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments
1 month, 1 week ago

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Associated Press  

TOKYO — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments. Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen, compared with a 931 billion yen loss in the year-earlier period. SoftBank credited income from royalties and licensing related to its …

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations
1 month, 1 week ago

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations

Live Mint  

SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio. The Vision Fund reported a gain of ¥373 billion, thanks to strong initial public offerings for Indian startups and valuation gains in Coupang Inc. and Didi Global Inc. A boom in India’s IPO …

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
4 months, 3 weeks ago

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan’s benchmark Nikkei 225 index …

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year
7 months, 1 week ago

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year

Associated Press  

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. By quarter, SoftBank Group, which invests in artificial intelligence, robotics, autonomous driving and other technology, recorded its second straight quarterly profit, at …

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen, profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. Its 458.7 billion yen loss for April-December was still an …

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese technology conglomerate SoftBank Group …

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
1 year, 1 month ago

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Associated Press  

TOKYO — Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. SoftBank’s chief financial officer, …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

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$465 bn loss in 2 days: SVB crisis-led bloodbath across global financial stocks
1 year, 9 months ago

$465 bn loss in 2 days: SVB crisis-led bloodbath across global financial stocks

Live Mint  

Global financial stocks have lost $465 billion in market value in two days as investors cut exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s collapse. Mitsubishi UFJ Financial Group Inc. slid as much as 8.3% in Japan, while South Korea’s Hana Financial Group Inc. fell 4.7% and Australia’s ANZ Group Holdings Ltd. lost …

Japan's Nissan reports better profit as chip crunch eases
1 year, 10 months ago

Japan's Nissan reports better profit as chip crunch eases

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nissan reported a 55% jump …

SoftBank loses nearly $6 billion in quarter as investments suffer
1 year, 10 months ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

SoftBank vision fund loses $7.2 billion on tech writedowns
2 years, 1 month ago

SoftBank vision fund loses $7.2 billion on tech writedowns

Live Mint  

SoftBank Group Corp.’s core Vision Fund arm posted a $7.2 billion quarterly loss as plunging startup valuations continue to hammer the company’s financial performance and forces it slow investments. Of those, China’s SenseTime Group Inc. accounted for 364 billion yen, while US food delivery firm Doordash Inc. accounted for 225 billion yen and Indonesian ride-hailing and e-commerce firm GoTo Group …

SoftBank reports record $27.5 billion loss on crashing tech stocks
2 years, 7 months ago

SoftBank reports record $27.5 billion loss on crashing tech stocks

CNN  

Hong Kong CNN Business — SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record. SoftBank’s portfolio companies include South Korean e-commerce firm Coupang and Southeast Asian ride-hailing startup Grab, which both went public in record-breaking offerings on Wall Street last year. Son also said that the company had …

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm
3 years, 1 month ago

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm

CNN  

New Delhi CNN Business — SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. Son said that the company’s net asset value — which he says is a better indication of the firm’s performance — fell by 6 trillion …

SoftBank's internet business to invest $4.7 bln in tech
3 years, 9 months ago

SoftBank's internet business to invest $4.7 bln in tech

The Hindu  

SoftBank's internet subsidiary Z Holdings outlined plans on Monday to invest 500 billion yen in technology over five years with a focus on artificial intelligence. Following a complex transaction, two thirds of Z Holdings shares will be owned by a new holding company, A Holdings, owned 50:50 by SoftBank Corp and South Korea's NaverCorp. The CEOs of Z Holdings and …

Japan’s SoftBank back in the black as investments improve
4 years, 1 month ago

Japan’s SoftBank back in the black as investments improve

The Hindu  

Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $ 13 billion, from 1.29 trillion yen. SoftBank, which invests in an array of companies, has sold U.S. carrier Sprint, as well as British IoT …

SoftBank resumes buybacks with modest $380 million in September
4 years, 2 months ago

SoftBank resumes buybacks with modest $380 million in September

Live Mint  

SoftBank Group Corp. resumed buying back shares in September, shelling out ¥40.1 billion after suspending in August a multi-billion-dollar program that’s proven instrumental in buoying the stock. Masayoshi Son’s conglomerate bought back 6.17 million shares last month, it said in a filing Wednesday, part of a now half-completed 2.5 trillion yen buyback program. The Japanese company resumed buying on Sept. …

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'
4 years, 3 months ago

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'

News 18  

Shares in SoftBank retreated again on Tuesday, bringing losses in Japan to 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. SoftBank bought $4 billion worth of options tied to underlying shares it had earlier purchased in tech firms like Amazon, Microsoft and Netflix, according to the Wall Street Journal. …

Japan tech giant SoftBank’s profits rise on investments
4 years, 4 months ago

Japan tech giant SoftBank’s profits rise on investments

Associated Press  

TOKYO — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2 trillion yen, up from 1.1 trillion yen in the previous fiscal year. …

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