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July 28, 2024
 

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SOFTBANK

Japan Times
BUSINESS / Companies
Mar 30, 2020
WeWork’s imperiled $3 billion stock sale would mostly benefit five investors
In a deal that’s currently at risk of falling apart, a handful of investors would be the main beneficiaries of SoftBank Group Corp.’s plan to buy $3 billion of WeWork stock, according to a person familiar with the matter.
Japan Times
BUSINESS / Companies
Mar 30, 2020
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.
Japan Times
BUSINESS / Companies
Mar 29, 2020
SoftBank’s big bet on sharing economy backfires with coronavirus
Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices.
Japan Times
BUSINESS / Tech
Mar 27, 2020
SoftBank joins ultrafast 5G race as domestic competition heats up
SoftBank Corp. launched its ultrafast 5G wireless offerings Friday, joining rivals NTT Docomo Inc. and KDDI Corp. in a battle to attract customers looking for seamless video and game streaming.
Japan Times
BUSINESS / Companies
Mar 23, 2020
SoftBank soars after unveiling ¥4.5 trillion plan to slash debt
SoftBank Group Corp. has unveiled a plan to raise as much as ¥4.5 trillion to replenish its coffers and slash debt over the coming year, moving to address investors' concerns about its exposure to money-losing businesses during the coronavirus pandemic. Its shares surged.
Japan Times
BUSINESS / Tech
Mar 23, 2020
KDDI to kick off 5G services Thursday with unlimited data offering
KDDI Corp. said Monday it will launch ultrafast 5G wireless services later this week, offering a monthly plan with unlimited data for ¥8,650 ($77) to entice customers who want to enjoy video and gaming on the go.
Japan Times
BUSINESS / Companies
Mar 23, 2020
WeWork directors prepare to take on SoftBank if it abandons rescue deal
Two independent WeWork directors are weighing all options, including legal action, after SoftBank Group Corp. advised the company's shareholders it may renege on part of its rescue package.
Japan Times
BUSINESS / Companies
Mar 22, 2020
Masayoshi Son’s empire wobbles as virus hits debt load
Investors are growing increasingly skittish about the stability of Masayoshi Son’s empire.
Japan Times
BASEBALL / Japanese Baseball
Mar 20, 2020
Hawks' Carter Stewart makes winning debut with top team in practice game
Carter Stewart, who turned his back on major league baseball to sign with the Fukuoka SoftBank Hawks a year ago, made his first-team debut in a practice game on Friday.
Japan Times
BUSINESS / Companies
Mar 18, 2020
SoftBank threatens to unravel $3 billion WeWork stock deal
SoftBank Group Corp. told shareholders of WeWork that it could withdraw from an agreement to buy $3 billion (¥321.4 billion) of stock in the embattled coworking business, casting doubt on a deal that had been set to close in about two weeks.
Japan Times
BUSINESS / Companies
Mar 13, 2020
SoftBank plans ¥500 billion share buyback as advocated by activist investor
SoftBank Group Corp. plans to spend up to ¥500 billion ($4.8 billion) buying back as much as 7 percent of its shares, taking a step advocated by activist investor Elliott Management Corp. to boost stockholder value.
Japan Times
JAPAN / Science & Health
Mar 12, 2020
SoftBank's Masayoshi Son reconsiders heavily criticized coronavirus test plan
SoftBank founder Masayoshi Son took to Twitter on Wednesday to offer a million free coronavirus tests, only to get hit by a barrage of criticism that he risked overwhelming medical facilities, prompting him to say he might reconsider the plan.
Japan Times
BUSINESS / Tech
Mar 5, 2020
SoftBank to be first in Japan to launch 5G services, on March 27
Rivals NTT Docomo Inc. and KDDI Corp. are expected to reveal their own plans soon.
Japan Times
BUSINESS / Companies
Feb 25, 2020
SoftBank fund invests $100 million in compliance software firm
SoftBank Group Corp.'s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to sources familiar with the matter.
Japan Times
BASEBALL / Japanese Baseball
Feb 21, 2020
Former Hawks pitcher Matt Skrmetta influenced Carter Stewart's journey
When records are set in baseball, they so often occur at the confluence of favorable circumstances, the right player in the right place at the right time.
Japan Times
BUSINESS / Companies
Feb 18, 2020
Masayoshi Son's big real estate venture with Oyo runs into real problems in Japan
Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo.
Japan Times
BUSINESS / Companies
Feb 16, 2020
SoftBank plans to invest $1 billion from Latin America fund, with eyes on 650 firms
SoftBank Group Corp. will continue to invest in Latin America this year, focusing on industries including e-commerce, health care and fintech.
Japan Times
JAPAN / Crime & Legal
Feb 15, 2020
Ex-SoftBank employee indicted over alleged leak to Russian envoy in Japan
A former SoftBank Corp. employee was indicted Friday on a charge of illegally acquiring corporate secrets, a violation of the law on preventing unfair competition, prosecutors said.
Japan Times
BASEBALL / Japanese Baseball
Feb 13, 2020
Hawks' ambitious project with Carter Stewart could spark huge changes
When Carter Stewart and the Fukuoka SoftBank Hawks agreed to a six-year, $6 million contract in 2019, it made news as the historic first such deal between an elite American amateur and an NPB team.
Japan Times
BUSINESS / Companies
Feb 13, 2020
SoftBank chief welcomes activist investor Singer as Vision Fund logs loss
SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the company reported a second quarter of losses from its startup investing.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

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Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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JNTO promotes sustainable tourism initiatives

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