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September 01, 2024
 

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SOFTBANK

Japan Times
BUSINESS / Companies
May 28, 2020
Masayoshi Son's SoftBank strained by losses and infighting at the top
In early March, before the coronavirus pandemic triggered a global economic lockdown, SoftBank Group Corp. founder Masayoshi Son paid tribute to Rajeev Misra, the man who runs his $100 billion technology investment fund. Wearing a $70 (¥7,500) Uniqlo down jacket, the Japanese billionaire put his arm...
Japan Times
BUSINESS / Companies
May 28, 2020
SoftBank’s Vision Fund plans to cut 10% of staff as startups sour
As the value of its startups declines, the best of the giant fund's 500-strong staff might start looking for other jobs.
Japan Times
BUSINESS / Companies
May 27, 2020
SoftBank’s Vision Fund to explore sale of OSIsoft stake
CEO Masayoshi Son has said he will sell off about $42 billion in assets to finance stock buybacks and pay down debt.
Japan Times
BUSINESS
May 21, 2020
SoftBank to sell 5% of Japan wireless arm for up to ¥313 billion
Mounting losses have imposed immense pressure on the firm's often opaque structure and management.
Japan Times
BUSINESS / Companies
May 19, 2020
SoftBank’s first Vision Fund may be its last after ¥1.9 trillion loss
Masayoshi Son conceded he is unlikely to be able to draw outside investors for another Vision Fund.
Japan Times
COMMENTARY / Japan
May 7, 2020
Being a sore loser doesn't make WeWork’s Neumann wrong
There's little downside for the founder of the collapsed office rental company in taking on his former benefactor.
Japan Times
BUSINESS / Companies
May 3, 2020
SoftBank’s super-fast 5G network isn’t very useful just yet
SoftBank Corp.’s fifth-generation wireless service in Japan is living up to the hype in at least one respect — internet speeds that are blazingly fast even by the standards of one of the most connected countries in the world.
Japan Times
BUSINESS / Companies
Apr 30, 2020
SoftBank sees ¥900 billion net loss on WeWork write-down
The group is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer.
Japan Times
BUSINESS / Companies
Apr 27, 2020
Softbank’s $23 billion buyback plan nudges investors to overlook investment busts
Investors believe a massive $23 billion share buyback plan will buoy its shares, offsetting any hit from the Vision Fund's write-downs.
Japan Times
BUSINESS / Companies
Apr 18, 2020
WeWork directors lose bid to accelerate lawsuit on failed SoftBank deal
Two independent WeWork directors failed to fast-track their lawsuit over SoftBank Group Corp.’s decision to scrap a $3 billion stock purchase that was part of a rescue package the struggling office space provider secured last October.
Japan Times
JAPAN
Apr 18, 2020
SoftBank’s Masayoshi Son again takes Japanese government to task over pandemic response
Masayoshi Son, founder of SoftBank Group Corp., again criticized the Japanese government’s response to the coronavirus pandemic, saying it’s not doing enough to reach its goals for social distancing.
Japan Times
BUSINESS / Companies
Apr 14, 2020
SoftBank foresees $12.5 billion loss as startup bets backfire
The company expects to record a u00a51.8 trillion ($16.7 billion) loss from its Vision Fund and another u00a5800 billion in losses from SoftBank's own investments.
Japan Times
BUSINESS / Companies
Apr 13, 2020
Masayoshi Son’s $2 billion guarantee at risk as virus sickens SoftBank star Oyo
Just nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group Corp. The billionaire boasted that Agarwal’s Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few years after its founding.
Japan Times
BUSINESS / Companies
Apr 8, 2020
WeWork sues SoftBank for dropping $3 billion tender offer
A WeWork board committee that negotiated a $3 billion (¥326.4 billion) tender offer with SoftBank Group sued the conglomerate Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak.
Japan Times
BUSINESS / Companies
Apr 6, 2020
Some WeWork staff planned their lives around a stock deal that just collapsed
Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development, helping the coworking startup open new offices in different regions. He’d put in the time and been granted shares in the company. At first, he thought he might be able to sell...
Alerts issued for Tokyo area cities as Shanshan crawls across Japan
A submerged area of Yufu, Oita Prefecture, on Thursday after Typhoon Shanshan dumped torrential rain throughout the Kyushu region.
Typhoon Shanshan batters Kyushu ahead of likely landfall
A satellite image shows Typhoon Shanshan south of Kyushu on Wednesday afternoon
From tropical storm to 'violent': Japan’s typhoon classifications
A satellite image from Wednesday shows Typhoon Shanshan south of Kyushu as the storm was rapidly intensifying.
Tropical Storm Shanshan soaks Japan as flood and landslide risks rise
People walk in front of closed ticket gates for the Tokaido Shinkansen in Tokyo Station as train operations between Tokyo and Nagoya remain suspended due to Tropical Storm Shanshan on Saturday.
Will Bangladesh go the way of Pakistan?
Gen. Waker-uz-Zaman, Bangladesh's army chief, arrives at Dhaka International Airport to receive Nobel laureate Muhammad Yunus on Aug. 8 to lead the country's interim government.
Japan seeks another record-breaking defense budget for fiscal 2025
Members of the Ground Self-Defense Force hold a live-fire exercise at the GSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May. Japan's Defense Ministry is seeking another record-breaking budget for fiscal 2025.
Can Japan handle a heat wave and natural disaster at the same time?
A member of the Self-Defense Forces wipes away sweat as he conducts a search and rescue operation at a landslide site caused by heavy rain in Kumano, Hiroshima Prefecture, on July 11, 2018.
Did you feel that? It may be time to refresh your disaster kits — and vocabulary.
A map of western Japan shows the Nankai Trough and, to its north, the hypocentral region where the energy for an earthquake is thought to be building.
This English schoolboy has big dreams of becoming yokozuna — and more
Nicholas Tarasenko trains at Minato stable in Kawaguchi, Saitama Prefecture, on Tuesday. Tarasenko’s potential in sumo was made obvious when he won U18 gold in the 90-kg weight class at the 2023 Baruto Cup in Estonia despite being four years under the age limit and having only had a total of one hour of sumo training before the meet.
Kitakyushu clashes with academics over Meiji Era remains
Remnants of the first Moji station complex are located near the current Mojiko Station in the city of Kitakyushu, Fukuoka Prefecture.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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