SoftBank Group Corp

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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SoftBank Group Corp. operates as a holding company which engages in the management of its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business. The SoftBank segment provides mobile communication, broadband, and telecom services in Japan. The Arm segment designs microprocessors and develops software technologies. The Brightstar segment engages in the distribution of mobile devices overseas. The Others segment includes the smartphone payments business, alternative investment business, fund business in Latin America and the operation of baseball teams. The company was founded by Masayoshi Son on September 3, 1981 and is headquartered in Tokyo, Japan.

Alibaba

Softbank, the Japanese corporation and technology investment group, seems to have stumbled on hard times recently.

SoftBank Posts $24.34bn Loss in Q2, Buyout Rumors Resurface

WeWork

WeWork Inc. WE, +9.89% said Thursday board member Michel Combes has left the position after joining the board in October, 2020. The workspace company said Softbank Group International (SBGI) CEO Alex Clavel joined its board on Tuesday.

WeWork names Softbank exec to board

SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio, after posting record losses on its tech bets this year.

SoftBank is selling its crown jewels to ride out 'severe market'

Masayoshi Son is going to bolster the coffers of his SoftBank Group with a $34 billion gain from cutting its stake in Chinese e-commerce giant Alibaba.

SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake

Credit Suisse

(Reuters) -Swiss lender Credit Suisse Group AG sought the English High Court last week to initiate formal legal proceedings against Japan's SoftBank Group Corp over a $440 million dispute, the Financial Times reported on Thursday.

Credit Suisse moves English court in $440 million SoftBank dispute - FT

SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%.

Explainer - How will SoftBank cut its stake in Alibaba without selling shares?

Masayoshi Son famously built his war chest by pumping $20 million into Alibaba two decades ago. Over the years the Chinese e-commerce behemoth has become a way for the billionaire founder of SoftBank Group to generate liquidity.

SoftBank to trim Alibaba stake to 14.6%, poised to book $34B gain

SoftBank is shrinking its Alibaba holding down to 14.6% from 23.7%.

Alibaba Stock Sale to Give SoftBank Higher-Than-Expected $34 Billion Gain

The Japanese tech investor has been reducing its ties to the Chinese e-commerce company and using holdings to raise cash.

SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains

TOKYO (Reuters) -SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.

SoftBank to book $34 billion gain from Alibaba shares

SoFi Technologies

Source: Michael Vi / Shutterstock SoFi Technologies (NASDAQ: SOFI ) stock is in full focus today after SoftBank (OTCMKTS: SFTBY ) reportedly sold off 12.06 million shares, or 12.66% of its position. In an amended 13D filing, the company also hinted that it may sell all or some of its remaining position in SOFI stock.

SoftBank Is Selling Off SOFI Stock. Here's Why.

In addition to its gloomy earnings report, Japan's SoftBank announced its plans to sell some or all of its stake in SoFi Technologies Inc (NASDAQ:SOFI).

SoftBank to Offload Even More of its SoFi Technologies Stake

SoftBank is cutting costs across all its investments after posting a record quarterly loss.

SoftBank Sells 12 Million SoFi Shares in Bid to Reduce Costs 'Dramatically'

SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said.

SoftBank steps up asset sales from sinking portfolio

SoftBank Group Corp. (OTCPK:SFTBY) Q1 2022 Earnings Conference Call August 8, 2022 3:30 AM ET Company Participants Masayoshi Son - Chairman and Chief Executive Officer Yoshimitsu Goto - Board of Directors and CFO Kazuko Kimiwada - Senior Vice President and Head of Accounting Conference Call Participants Operator Thank you very much for waiting, everyone. Now we would like to start the SoftBank Group Crop.

SoftBank Group Corp. (SFTBY) CEO Masayoshi Son on Q1 2022 Results - Earnings Call Transcript

Japanese technology and investment group is seeking to float UK-based chip maker Arm

SoftBank CEO ‘ashamed' of pride in past profits as record losses prompt cost cuts

Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news.

How to lose money, SoftBank edition

Masayoshi Son founded Softbank in 1981 and currently serves as its board chair and chief executive officer.

Softbank's Masayoshi Son Needs to Be Fired

SoftBank's record quarterly loss reflects the fall in technology shares around the world, sparked by interest rate increases and China's crackdown on tech firms.

SoftBank reports record $23B quarterly loss as tech downturn hits

Plunging technology valuations dragged down its flagship Vision Fund.

SoftBank Posts Record Loss, Says Exploring Fortress Sale

CEO Masayoshi Son is sounding an apologetic note after huge losses last quarter. But investors have been here before, and a more fundamental realignment is needed.

SoftBank Needs a Vision Check

TOKYO (AP) — 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.

‘I must humbly and honestly acknowledge that things are really bad' — SoftBank CEO on $23 billion loss.

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.

Japan tech giant SoftBank posts $23 billion quarterly loss

SoftBank Group reported its biggest ever quarterly net loss of $23bln as a flagship fund was hit by the sell-off in tech stocks.  The Japanese multinational conglomerate holding company said its Softbank Vision Funds posted an investment loss of ¥2,919.1 billion (US$21.61bn) for the three months to 30 June – pushing the group's pre-tax loss to US$24.39bn.

News for SoftBank Group Corp Stock (SFTBY)