Softbank to Sell 300 M. Masks per Month Mainly to Hospitals
Tokyo, April 13 (Jiji Press)--Japanese technology investment firm Softbank Group Corp. <9984> will sell 300 million face masks per month with no profit margin mainly to medical institutions from May, hoping to ease shortages of the protective equipment amid the coronavirus epidemic.
The company will purchase masks from Chinese automobile and battery maker BYD Co., which has been producing masks since around two months ago.
"Working with the Japanese government's mask team, we will supply masks without any profit to as many people as possible, especially to those at medical institutions," Softbank Group Chairman and Chief Executive Officer Masayoshi Son posted on Twitter Saturday.
https://www.nippon.com/en/news/yjj20200 ... itals.html
SoftBank Group Corp. TYO: 9984 holding, inwestycje, telekomunikacja, internet, media
Re: SoftBank Group Corp. TYO: 9984 telkomunikacja, internet, media
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
REKLAMA
Re: SoftBank Group Corp. TYO: 9984 telkomunikacja, internet, media
SoftBank may be winner as BOJ expands corporate debt buying
https://www.investing.com/news/stock-ma ... ng-2153067
https://www.investing.com/news/stock-ma ... ng-2153067
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, April 30 (Jiji Press)--SoftBank Group Corp. <9984> said Thursday that its consolidated net loss for the fiscal year that ended in March is expected to widen to 900 billion yen.
The downward revision from the company's initial estimation of 750 billion yen in net loss reflected larger-than-expected losses related to investments made in The We Company of the United States, the operator of the WeWork office-sharing business.
The downward revision from the company's initial estimation of 750 billion yen in net loss reflected larger-than-expected losses related to investments made in The We Company of the United States, the operator of the WeWork office-sharing business.
Ostatnio zmieniony 18 lip 2020 17:48 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
SoftBank Vision Fund strategy under scrutiny as deals stall
TOKYO -- SoftBank Group founder and Chairman Masayoshi Son on Monday will try to persuade investors that his company's giant investment fund can bounce back from a 1.8 trillion yen ($16.7 billion) annual loss that dragged the technology conglomerate to its worst-ever result.
New funding deals and initial public offerings are drying up around the world amid the economic uncertainties brought on by the coronavirus pandemic. That is a major headwind for SoftBank's $100 billion Vision Fund, which had expected many of its investments to go public soon.
"Most companies that had planned to exit in the near term, whether through acquisition or IPO, are likely changing or delaying their plans," wrote KPMG partner Conor Moore in a recent report on venture funding trends. "VC investors might need to use their dry powder to shore up companies so they have the resources to maintain operations until the economy rebounds."
Signs that companies are relying on the Vision Fund for more capital are emerging. Chehaoduo, which operates an online marketplace for used cars in China, said earlier this month that it raised $200 million from the Vision Fund and Sequoia Capital's China fund. It said the funding was an extension to a $1.5 billion investment by the Vision Fund announced more than a year ago.
The new capital will be partly used to achieve "cost control and revenue enhancement," Chehaoduo said.
How Son plans to revive the Vision Fund's fortunes will be closely watched when SoftBank on Monday announces earnings for the fiscal year ended March.
SoftBank has already warned that Vision Fund investment losses, a separate loss on U.S. co-working space provider WeWork and other factors will result in a 900 billion yen ($8.3 billion) net loss -- the largest in the company's history -- compared to a 1.37 trillion yen profit for the previous year.
Chehaoduo, which Chinese media have reported is valued at over $9 billion, is just one of some 80 companies backed by Vision Fund that has yet to go public. Many were dealt a setback after WeWork, one of SoftBank's most high-profile investments, canceled its IPO last year. The deteriorating business environment caused by the coronavirus outbreak added to the challenges.
For SoftBank investors, part of the concern stems from the Vision Fund's unique structure. Venture capital funds typically spend years waiting for their investments to grow before cashing out from an IPO or selling to another company. The Vision Fund, on the other hand, pays a fixed 7% distribution to outside investors every year, requiring them to generate cash constantly.
Skeptics say the model makes it difficult for the Vision Fund to wait and see when the market turns sour.
The lingering uncertainty surrounding the Vision Fund has cast a shadow on Son's efforts to shore up confidence.
SoftBank has announced plans to sell assets and use the proceeds to buy back 2.5 trillion yen worth of shares, cut debt and boost its cash reserves. The group also defied skeptics by completing the merger of its U.S. carrier, Sprint, with rival T-Mobile on April 1. Its stock price has rebounded nearly 70% from its low in March but still underperforms the Nasdaq index, the U.S. benchmark for tech stocks, since the start of this year.
SoftBank is the largest investor in Chinese e-commerce giant Alibaba Group Holding. Its stakes in Alibaba and T-Mobile alone are worth more than $150 billion -- compared with Softbank's own market capitalization of 9.5 trillion yen ($89 billion).
Son is SoftBank's largest investor with a stake of around 27%. Without a broader share recovery, his tight grip may come under more pressure from investors, especially as activists such as Elliott Management of the U.S., which bought a stake in SoftBank, has begun openly calling for changes. SoftBank plans to hold its annual shareholder gathering in June.
https://asia.nikkei.com/Business/SoftBa ... eals-stall
TOKYO -- SoftBank Group founder and Chairman Masayoshi Son on Monday will try to persuade investors that his company's giant investment fund can bounce back from a 1.8 trillion yen ($16.7 billion) annual loss that dragged the technology conglomerate to its worst-ever result.
New funding deals and initial public offerings are drying up around the world amid the economic uncertainties brought on by the coronavirus pandemic. That is a major headwind for SoftBank's $100 billion Vision Fund, which had expected many of its investments to go public soon.
"Most companies that had planned to exit in the near term, whether through acquisition or IPO, are likely changing or delaying their plans," wrote KPMG partner Conor Moore in a recent report on venture funding trends. "VC investors might need to use their dry powder to shore up companies so they have the resources to maintain operations until the economy rebounds."
Signs that companies are relying on the Vision Fund for more capital are emerging. Chehaoduo, which operates an online marketplace for used cars in China, said earlier this month that it raised $200 million from the Vision Fund and Sequoia Capital's China fund. It said the funding was an extension to a $1.5 billion investment by the Vision Fund announced more than a year ago.
The new capital will be partly used to achieve "cost control and revenue enhancement," Chehaoduo said.
How Son plans to revive the Vision Fund's fortunes will be closely watched when SoftBank on Monday announces earnings for the fiscal year ended March.
SoftBank has already warned that Vision Fund investment losses, a separate loss on U.S. co-working space provider WeWork and other factors will result in a 900 billion yen ($8.3 billion) net loss -- the largest in the company's history -- compared to a 1.37 trillion yen profit for the previous year.
Chehaoduo, which Chinese media have reported is valued at over $9 billion, is just one of some 80 companies backed by Vision Fund that has yet to go public. Many were dealt a setback after WeWork, one of SoftBank's most high-profile investments, canceled its IPO last year. The deteriorating business environment caused by the coronavirus outbreak added to the challenges.
For SoftBank investors, part of the concern stems from the Vision Fund's unique structure. Venture capital funds typically spend years waiting for their investments to grow before cashing out from an IPO or selling to another company. The Vision Fund, on the other hand, pays a fixed 7% distribution to outside investors every year, requiring them to generate cash constantly.
Skeptics say the model makes it difficult for the Vision Fund to wait and see when the market turns sour.
The lingering uncertainty surrounding the Vision Fund has cast a shadow on Son's efforts to shore up confidence.
SoftBank has announced plans to sell assets and use the proceeds to buy back 2.5 trillion yen worth of shares, cut debt and boost its cash reserves. The group also defied skeptics by completing the merger of its U.S. carrier, Sprint, with rival T-Mobile on April 1. Its stock price has rebounded nearly 70% from its low in March but still underperforms the Nasdaq index, the U.S. benchmark for tech stocks, since the start of this year.
SoftBank is the largest investor in Chinese e-commerce giant Alibaba Group Holding. Its stakes in Alibaba and T-Mobile alone are worth more than $150 billion -- compared with Softbank's own market capitalization of 9.5 trillion yen ($89 billion).
Son is SoftBank's largest investor with a stake of around 27%. Without a broader share recovery, his tight grip may come under more pressure from investors, especially as activists such as Elliott Management of the U.S., which bought a stake in SoftBank, has begun openly calling for changes. SoftBank plans to hold its annual shareholder gathering in June.
https://asia.nikkei.com/Business/SoftBa ... eals-stall
Ostatnio zmieniony 18 lip 2020 17:48 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Japoński SoftBank Group miał najgorsze wyniki w 39-letniej historii z powodu odpisania prawie 18 mld USD wartości inwestycji jego słynnego Vision Fund.
SoftBank miał 1,36 bln JPY straty operacyjnej i 961,6 mld JPY straty netto w roku rozliczeniowym zakończonym w marcu. Najgorsze od prawie czterech dekad wyniki japońskiej spółki to skutek odpisania 1,9 bln JPY (17,7 mld USD) wartości inwestycji Vision Fund, m.in. w amerykańskie spółki WeWork i Uber Technologies. Vision Fund stał się z największego dostawcy zysków największym generatorem strat japońskiego konglomeratu.
https://www.pb.pl/rekordowe-straty-soft ... cji-991340
SoftBank miał 1,36 bln JPY straty operacyjnej i 961,6 mld JPY straty netto w roku rozliczeniowym zakończonym w marcu. Najgorsze od prawie czterech dekad wyniki japońskiej spółki to skutek odpisania 1,9 bln JPY (17,7 mld USD) wartości inwestycji Vision Fund, m.in. w amerykańskie spółki WeWork i Uber Technologies. Vision Fund stał się z największego dostawcy zysków największym generatorem strat japońskiego konglomeratu.
https://www.pb.pl/rekordowe-straty-soft ... cji-991340
Ostatnio zmieniony 18 lip 2020 17:48 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Japoński gigant, konglomerat SoftBank Group [TYO:9984] planuje sprzedać 5 proc. udziałów w swoim krajowym operatorze telekomunikacyjnym SoftBank [TYO:9434], donosi Reuters.
To część planu związanego z pozyskaniem 41 mld USD ze sprzedaży aktywów.
https://www.pb.pl/softbank-group-sprzed ... ywa-991728
To część planu związanego z pozyskaniem 41 mld USD ze sprzedaży aktywów.
https://www.pb.pl/softbank-group-sprzed ... ywa-991728
Ostatnio zmieniony 18 lip 2020 17:48 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, June 16 (Jiji Press)--SoftBank Group Corp. <9984> said Tuesday that it has started discussions on financial transactions concerning its stake in T-Mobile US Inc., including selling shares out of its holdings.
The Japanese technology conglomerate is currently in talks with T-Mobile, an equity-method affiliate, and Deutsche Telekom, a shareholder of the major U.S. mobile carrier.
The Japanese technology conglomerate is currently in talks with T-Mobile, an equity-method affiliate, and Deutsche Telekom, a shareholder of the major U.S. mobile carrier.
Ostatnio zmieniony 18 lip 2020 17:48 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
apoński konglomerat technologiczny SoftBank planuje sprzedać aż dwie trzecie swoich udziałów w T-Mobile (TMUS 0,00%). Wartość transakcji jest szacowana nawet na 20 miliardów dolarów.
Sprzedaż udziałów w T-Mobile może oznaczać, że SoftBank poszukuje gotówki po rozczarowujących inwestycjach dokonanych przez Vision Fund - jest to najgorszy rok w historii tej firmy. SoftBank odnotował rekordową stratę w wysokości 13 miliardów dolarów za ubiegły rok, w tym fundusz Vision Fund poniósł blisko 18 miliardów dolarów straty, na co wpływ miał spadek wartości udziałów w Uberze (UBER 0,00%) i nieudana inwestycja w WeWork, który ostatecznie nie wszedł na giełdę z wielu powodów, m.in. niekonwencjonalnego sposobu zarządzania i poniesionych strat. Z powodu błędnych decyzji biznesowych i załamania amerykańskiej gospodarki z powodu pandemii koronawirusa wycena WeWork spadła z 47 miliardów dolarów do zaledwie 2,9 miliardów dolarów w ciągu roku, natomiast wycena Ubera spadła w ciągu ostatniego roku o ponad 10 miliardów dolarów. Na początku marca SoftBank ogłosił plan sprzedaży aktywów o łącznej wartości 41 miliardów dolarów w celu odkupienia akcji, wykupienia obligacji, zwiększenia rezerw gotówkowych i zmniejszenia zadłużenia. Masayoshi Son, miliarder-inwestor i dyrektor generalny SoftBanku, zrewidował swoje ambicje dotyczące drugiego funduszu Vision. We wtorek po ogłoszeniu informacji o potencjalnej sprzedaży, wycena akcji T-Mobile spadła o prawie 3%.
Niektórzy eksperci spekulują, że potencjalnym nabywcą akcji T-Mobile może być Deutsche Telekom, który obecnie posiada ponad 40% udziałów w T-Mobile i chce utrzymać kontrolę nad firmą. Pierwotnie SoftBank nabył udziały w T-Mobile poprzez długo oczekiwaną fuzję operatora bezprzewodowego ze Sprint, które uzyskało zgodę w lutym. W chwili transakcji SoftBank posiadał około 85% akcji zwykłych w Sprint. Zgodnie z warunkami umowy SoftBank wymienił 11 akcji za każdą akcję T-Mobile, co dało Deutsche Telekom nieco większy udział w nowej spółce - wcześniej Deutsche Telekom był właścicielem ponad 60% akcji T-Mobile w USA. Niektórzy eksperci uważają, że istnieją poważne wątpliwości utrzymania obecnej strategii inwestycyjnej funduszu Vision 2 o wartości 108 miliardów dolarów. Masayoshi Son stwierdził, że nie będzie pozyskiwać kapitału od zewnętrznych inwestorów, dopóki spółki, w których udziały posiada fundusz Vision, nie zaczną osiągać lepszych wyników. Pesymistyczny scenariusz zakłada, że 15 z 88 spółek, które wchodzą w skład portfela funduszu Vision zbankrutuje. Dotychczas SoftBank obniżył wycenę dla ponad 45 spółek, których udziały są w posiadaniu funduszu Vision. SoftBank zbudował swoją reputację na udanych inwestycjach m.in. w chińskiego giganta technologicznego Alibaba.
https://www.paszport.ws//softbank-pozbę ... w-t-mobile
Sprzedaż udziałów w T-Mobile może oznaczać, że SoftBank poszukuje gotówki po rozczarowujących inwestycjach dokonanych przez Vision Fund - jest to najgorszy rok w historii tej firmy. SoftBank odnotował rekordową stratę w wysokości 13 miliardów dolarów za ubiegły rok, w tym fundusz Vision Fund poniósł blisko 18 miliardów dolarów straty, na co wpływ miał spadek wartości udziałów w Uberze (UBER 0,00%) i nieudana inwestycja w WeWork, który ostatecznie nie wszedł na giełdę z wielu powodów, m.in. niekonwencjonalnego sposobu zarządzania i poniesionych strat. Z powodu błędnych decyzji biznesowych i załamania amerykańskiej gospodarki z powodu pandemii koronawirusa wycena WeWork spadła z 47 miliardów dolarów do zaledwie 2,9 miliardów dolarów w ciągu roku, natomiast wycena Ubera spadła w ciągu ostatniego roku o ponad 10 miliardów dolarów. Na początku marca SoftBank ogłosił plan sprzedaży aktywów o łącznej wartości 41 miliardów dolarów w celu odkupienia akcji, wykupienia obligacji, zwiększenia rezerw gotówkowych i zmniejszenia zadłużenia. Masayoshi Son, miliarder-inwestor i dyrektor generalny SoftBanku, zrewidował swoje ambicje dotyczące drugiego funduszu Vision. We wtorek po ogłoszeniu informacji o potencjalnej sprzedaży, wycena akcji T-Mobile spadła o prawie 3%.
Niektórzy eksperci spekulują, że potencjalnym nabywcą akcji T-Mobile może być Deutsche Telekom, który obecnie posiada ponad 40% udziałów w T-Mobile i chce utrzymać kontrolę nad firmą. Pierwotnie SoftBank nabył udziały w T-Mobile poprzez długo oczekiwaną fuzję operatora bezprzewodowego ze Sprint, które uzyskało zgodę w lutym. W chwili transakcji SoftBank posiadał około 85% akcji zwykłych w Sprint. Zgodnie z warunkami umowy SoftBank wymienił 11 akcji za każdą akcję T-Mobile, co dało Deutsche Telekom nieco większy udział w nowej spółce - wcześniej Deutsche Telekom był właścicielem ponad 60% akcji T-Mobile w USA. Niektórzy eksperci uważają, że istnieją poważne wątpliwości utrzymania obecnej strategii inwestycyjnej funduszu Vision 2 o wartości 108 miliardów dolarów. Masayoshi Son stwierdził, że nie będzie pozyskiwać kapitału od zewnętrznych inwestorów, dopóki spółki, w których udziały posiada fundusz Vision, nie zaczną osiągać lepszych wyników. Pesymistyczny scenariusz zakłada, że 15 z 88 spółek, które wchodzą w skład portfela funduszu Vision zbankrutuje. Dotychczas SoftBank obniżył wycenę dla ponad 45 spółek, których udziały są w posiadaniu funduszu Vision. SoftBank zbudował swoją reputację na udanych inwestycjach m.in. w chińskiego giganta technologicznego Alibaba.
https://www.paszport.ws//softbank-pozbę ... w-t-mobile
Ostatnio zmieniony 18 lip 2020 17:47 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, June 25 (Jiji Press)--SoftBank Group Corp. <9984> Chairman and Chief Executive Officer Masayoshi Son pledged Thursday that the company will promote fund procurement steadily under its 4.5-trillion-yen asset sale plan.
At a regular shareholders' meeting, Son reassured investors that the company has secured almost 80 pct of the funds planned to be procured under the plan.
At a regular shareholders' meeting, Son reassured investors that the company has secured almost 80 pct of the funds planned to be procured under the plan.
Ostatnio zmieniony 18 lip 2020 17:47 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
SoftBank's shares return to dot-com bubble era highs
TOKYO (Reuters) - Shares of SoftBank Group Corp climbed 4.6% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount.
Shares closed at 6,190 yen in Tokyo, hitting levels last seen in early 2000, when speculation on internet stocks saw prices surge before crashing and wiping out most of SoftBank Chief Executive Masayoshi Son's wealth.
The rebound comes after Son in March pledged to spend up to 2.5 trillion yen ($23 billion) on buybacks, helping lift the stock 130% from March lows.
With around 10 million SoftBank shares being shorted "we are seeing a typical short-squeeze," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ (NYSE:MUFG) Morgan Stanley (NYSE:MS) Securities.
Tailwinds for the company include progress in monetizing core assets such as e-commerce firm Alibaba Group Holding (N:BABA) to raise $41 billion to fund the buybacks and stabilise its balance sheet. The plan has caused jitters at credit-rating firms.
Alibaba's stock price continues to appreciate, with a portfolio company backed by SoftBank's $100 billion Vision Fund - insurance startup Lemonade Inc - successfully listing in New York last week.
Vision Fund reported an operating shortfall of 1.9 trillion yen for the year ended March as its portfolio floundered, pulling the broader group to a record annual loss.
Citigroup (NYSE:C) sees the fund booking valuation gains of 600 billion yen in the April-June quarter, analyst Mitsunobu Tsuruo wrote in a note last week, "with significant scope for a rebound in the valuations of non-listed firms" in the portfolio.
SoftBank provides little detail on how it revalues its investments. The ongoing impact of the coronavirus outbreak, which has exposed underlying problems at portfolio companies, means the fund's outlook for the rest of the financial year "remains grim", Tsuruo wrote.
($1 = 107.3200 yen)
https://www.investing.com/news/technolo ... ks-2221721
TOKYO (Reuters) - Shares of SoftBank Group Corp climbed 4.6% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount.
Shares closed at 6,190 yen in Tokyo, hitting levels last seen in early 2000, when speculation on internet stocks saw prices surge before crashing and wiping out most of SoftBank Chief Executive Masayoshi Son's wealth.
The rebound comes after Son in March pledged to spend up to 2.5 trillion yen ($23 billion) on buybacks, helping lift the stock 130% from March lows.
With around 10 million SoftBank shares being shorted "we are seeing a typical short-squeeze," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ (NYSE:MUFG) Morgan Stanley (NYSE:MS) Securities.
Tailwinds for the company include progress in monetizing core assets such as e-commerce firm Alibaba Group Holding (N:BABA) to raise $41 billion to fund the buybacks and stabilise its balance sheet. The plan has caused jitters at credit-rating firms.
Alibaba's stock price continues to appreciate, with a portfolio company backed by SoftBank's $100 billion Vision Fund - insurance startup Lemonade Inc - successfully listing in New York last week.
Vision Fund reported an operating shortfall of 1.9 trillion yen for the year ended March as its portfolio floundered, pulling the broader group to a record annual loss.
Citigroup (NYSE:C) sees the fund booking valuation gains of 600 billion yen in the April-June quarter, analyst Mitsunobu Tsuruo wrote in a note last week, "with significant scope for a rebound in the valuations of non-listed firms" in the portfolio.
SoftBank provides little detail on how it revalues its investments. The ongoing impact of the coronavirus outbreak, which has exposed underlying problems at portfolio companies, means the fund's outlook for the rest of the financial year "remains grim", Tsuruo wrote.
($1 = 107.3200 yen)
https://www.investing.com/news/technolo ... ks-2221721
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
SoftBank exploring sale or IPO of chip company Arm, sources say
https://www.japantimes.co.jp/news/2020/ ... xMZI20zaM8
---
After 133% rally, SoftBank investors bet there’s more to come
SoftBank Group Corp. founder Masayoshi Son has delivered a clear response to critics who thought the twin disasters of WeWork and the coronavirus would bring down his empire: not just yet.
The technology giant’s shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. They gained another 3.6 percent on Monday. SoftBank bonds, which traded at less than 65 cents on the dollar in March, have recovered to near par. Son, 62, has seen his own net worth soar to $20 billion, the highest since the Bloomberg Billionaires Index began tracking his wealth.
Plenty of investors remain skeptical of SoftBank and Son himself. Still, multiple factors suggest more room for short-term gains: Earnings are set to recover from last quarter’s record loss, shorts are under pressure to cover losing bets by buying shares and SoftBank’s share buybacks of as much as ¥2.5 trillion ($23.4 billion) are just getting started.
“The share price can still double,” said Richard Kaye, Japan equity analyst and portfolio manager at Comgest Asset Management, which holds a $60 million stake in SoftBank. There has been too much focus on WeWork, he says, and not enough on the “eight or nine things that have gone very right.”
Son has made a career out of confounding his doubters. After backing hundreds of startups during the dot-com boom, Son lost a record $70 billion as almost all those companies failed, leaving SoftBank’s future in doubt. Yet he slashed costs and survived. In 2006, he acquired the Japan unit of Vodafone Group PLC in a widely panned $15 billion deal that few thought would pay off. Son turned the business around, in part by persuading Apple Inc.’s Steve Jobs to give him exclusive rights to the iPhone in Japan.
https://www.japantimes.co.jp/news/2020/ ... xMZQ20zaM8
https://www.japantimes.co.jp/news/2020/ ... xMZI20zaM8
---
After 133% rally, SoftBank investors bet there’s more to come
SoftBank Group Corp. founder Masayoshi Son has delivered a clear response to critics who thought the twin disasters of WeWork and the coronavirus would bring down his empire: not just yet.
The technology giant’s shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. They gained another 3.6 percent on Monday. SoftBank bonds, which traded at less than 65 cents on the dollar in March, have recovered to near par. Son, 62, has seen his own net worth soar to $20 billion, the highest since the Bloomberg Billionaires Index began tracking his wealth.
Plenty of investors remain skeptical of SoftBank and Son himself. Still, multiple factors suggest more room for short-term gains: Earnings are set to recover from last quarter’s record loss, shorts are under pressure to cover losing bets by buying shares and SoftBank’s share buybacks of as much as ¥2.5 trillion ($23.4 billion) are just getting started.
“The share price can still double,” said Richard Kaye, Japan equity analyst and portfolio manager at Comgest Asset Management, which holds a $60 million stake in SoftBank. There has been too much focus on WeWork, he says, and not enough on the “eight or nine things that have gone very right.”
Son has made a career out of confounding his doubters. After backing hundreds of startups during the dot-com boom, Son lost a record $70 billion as almost all those companies failed, leaving SoftBank’s future in doubt. Yet he slashed costs and survived. In 2006, he acquired the Japan unit of Vodafone Group PLC in a widely panned $15 billion deal that few thought would pay off. Son turned the business around, in part by persuading Apple Inc.’s Steve Jobs to give him exclusive rights to the iPhone in Japan.
https://www.japantimes.co.jp/news/2020/ ... xMZQ20zaM8
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
SoftBank sprzedał "po cichu" akcje Alibaby za 2,2 mld USD
Japoński SoftBank Group nadal zbiera pieniądze na spłatę długów i wykup własnych akcji. Dlatego sprzedał część posiadanego pakietu udziałów chińskiego giganta e-commerce.
Transakcja sprzedaży o dość skomplikowanej strukturze ma być rozliczona w maju i czerwcu 2024 roku. Informacje o niej znalazły się na 276 stronie rocznego sprawozdania finansowego spółki. Dlatego choć zostało opublikowane 25 czerwca do dziś nie wyszła na jaw.
https://www.pb.pl/softbank-sprzedal-akc ... usd-997094
Japoński SoftBank Group nadal zbiera pieniądze na spłatę długów i wykup własnych akcji. Dlatego sprzedał część posiadanego pakietu udziałów chińskiego giganta e-commerce.
Transakcja sprzedaży o dość skomplikowanej strukturze ma być rozliczona w maju i czerwcu 2024 roku. Informacje o niej znalazły się na 276 stronie rocznego sprawozdania finansowego spółki. Dlatego choć zostało opublikowane 25 czerwca do dziś nie wyszła na jaw.
https://www.pb.pl/softbank-sprzedal-akc ... usd-997094
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, Aug. 4 (Jiji Press)--SoftBank Group Corp. <9984> failed to declare about 40 billion yen in income for the year ended in March 2019, the company and people familiar with the matter said Tuesday.
The undeclared income was uncovered in an investigation by the Tokyo Regional Taxation Bureau. No additional levies have been imposed on the company, as the undeclared income was offset by past losses, the people said.
The undeclared income was uncovered in an investigation by the Tokyo Regional Taxation Bureau. No additional levies have been imposed on the company, as the undeclared income was offset by past losses, the people said.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, Aug. 11 (Jiji Press)--SoftBank Group Corp. <9984> said Tuesday that it posted a consolidated net profit of 1,255,712 million yen in the April-June quarter, up 11.9 pct from a year before and against the January-March loss of 1,438.1 billion yen.
The net profit was inflated by some 700 billion yen in line with divestment of shares in U.S. mobile carrier Sprint Corp.
The net profit was inflated by some 700 billion yen in line with divestment of shares in U.S. mobile carrier Sprint Corp.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: SoftBank Group Corp. TYO: 9984 telekomunikacja, internet, media
Tokyo, Aug. 19 (Jiji Press)--Japan's SoftBank Group Corp. <9984> owns 1,044 million dollars worth of shares in U.S. online retail giant Amazon.com Inc., it was learned by Wednesday.
The group also holds shares in many other U.S. technology businesses, including 122 million dollars in U.S. electric vehicle maker Tesla Inc. and 475 million dollars in Alphabet Inc., the parent company of Google LLC, according to a document disclosed Monday by the U.S. Securities and Exchange Commission.
The group also holds shares in many other U.S. technology businesses, including 122 million dollars in U.S. electric vehicle maker Tesla Inc. and 475 million dollars in Alphabet Inc., the parent company of Google LLC, according to a document disclosed Monday by the U.S. Securities and Exchange Commission.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
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