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Masayoshi-Son

WeWork files bankruptcy, its meteoric rise a faint memory
Companies 2 years ago

WeWork files bankruptcy, its meteoric rise a faint memory

The coworking company said its bankruptcy impacts operations in the United States and Canada, but "global operations are expected to continue as usual."
SoftBank Group reports $5.9 billion third-quarter loss on tech slump
Tech 3 years ago

PREMIUM
SoftBank Group reports $5.9 billion third-quarter loss on tech slump

The loss compared with the net profit of 29.0 billion yen ($219 million) the firm reported in the same three-month period last year.
Japan's SoftBank reports Q1 net loss of $23.4 billion
Tech 3 years ago

Japan's SoftBank reports Q1 net loss of $23.4 billion

The telecoms firm that has turned into an investment behemoth posted a net loss of 3.16 trillion yen, nose-diving from a net profit of 761.5 billion yen in the same April-June period the previous year.
SoftBank reports record loss as tech shares tank
Tech 3 years ago

SoftBank reports record loss as tech shares tank

SoftBank's big stakes in global tech giants and volatile new ventures have made for unpredictable earnings, and the latest tumble comes with tech shares tanking as the United States hikes interest rates to tackle inflation.
Softbank, Indonesia locked horns over new capital: Sources
Economy 4 years ago

PREMIUM
Softbank, Indonesia locked horns over new capital: Sources

Softbank Group founder Masayoshi Son and government officials had been in dispute over key details of the new capital long before the Japanese company withdrew from President Joko “Jokowi” Widodo's ambitious pet project, sources familiar with the matter have said.
Indonesia seeks new capital investors after Softbank exit
Economy 4 years ago

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Indonesia seeks new capital investors after Softbank exit

Softbank Group founder Masayoshi Son’s withdrawal from new capital city investment has raised questions on the viability of the project, while also leaving a large funding gap that the government needs to address.
SoftBank’s Masayoshi Son pulls out as investor for Indonesia’s new capital: Bloomberg
Politics 4 years ago

SoftBank’s Masayoshi Son pulls out as investor for Indonesia’s new capital: Bloomberg

“There’s no more story on Masayoshi, he’s out,” according to Coordinating Minister for Investment and Maritime Affairs Luhut Panjaitan in an interview on Wednesday.
Ground control to Maezawa: SoftBank's Son speaks to orbiting protege
Science & Tech 4 years ago

Ground control to Maezawa: SoftBank's Son speaks to orbiting protege

Maezawa, 46, has a long relationship with Son, 64, and made his fortune with online fashion retailer Zozo, which was bought by SoftBank's internet business in 2019.
SoftBank Group logs record-high net profit for Japan firm in 2020
Business 4 years ago

SoftBank Group logs record-high net profit for Japan firm in 2020

SoftBank Group broke the previous record of 2.49 trillion yen in net profit logged by Toyota Motor in fiscal 2017, according to data provided by Nomura Securities.
SoftBank CEO touts 'goose with golden eggs' as profit soars
Business 5 years ago

SoftBank CEO touts 'goose with golden eggs' as profit soars

The telecoms firm turned tech investment behemoth said net profit for October-December hit 1,171.9 billion yen ($11 billion), more than 21 times higher than the 55 billion yen ($500 million) reported a year earlier.
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