Sam Nussey

SoftBank unveils $5.5b stock buyback, profit in Q3 surges 60%

The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors.

SoftBank Corp reports quarterly profit jump in first post-IPO earnings

SoftBank Corp CEO Ken Miyauchi said new services and the adoption of high-speed 5G networks meant the smartphone market had ample room for growth.

SoftBank Corp rings up cost of turbulent year-end at first post-IPO earnings

The results cover a turbulent three months at Japan’s third-largest mobile phone network provider.

Japan’s KDDI mulls investing up to $900m in Securities

KDDI’s possible investment in Securities, a subsidiary of MUFG, would give it just under a 50% stake.

Japan’s Line inks fintech deals with Mizuho, Tencent in hunt for alternative growth avenues

The moves come as Line seeks alternative revenue streams to offset stagnating user numbers for its app, expanding into areas such as payments, stock broking, insurance and cryptocurrencies.

Saudi ties in focus as SoftBank’s Son makes first appearance since Khashoggi murder

Saudi Arabia is the largest investor in SoftBank’s $93 billion Vision Fund, giving Son firepower to make big bets in late-stage startups.

SoftBank hires Time Warner executive to lead global communications

It is the latest high-profile hire by SoftBank when it faces criticism for its links to S Arabia, the largest investor in its Vision Fund.

Japan’s SoftBank shares plunge 8% as Saudi ties turn investors wary

The company last year raised more than $93 billion for its Vision Fund, of which $45 billion came from Saudi Arabia.

Japan’s FamilyMart in talks to fully divest Uny unit stake to Don Quijote

It may also be considering an investment of around 20 percent in Don Quijote.

SoftBank to raise $100b fund every 2-3 years, spend $50b annually

SoftBank Vision Fund’s largest investments to date are in companies including Uber and WeWork.