SoftBank to split responsibility for Japan, overseas operations

Mar 8, 2016

SoftBank to split responsibility for Japan, overseas operations

SoftBank Group Corp. plans to divide its Japanese and overseas operations, splitting the responsibility for managing some ¥9.2 trillion of investments spanning the broadband and mobile industries and a stake in China’s largest Internet-shopping service. Group President Nikesh Arora will head up operations abroad, ...

Cellphone cease-fire signals change

| Feb 22, 2016

Cellphone cease-fire signals change

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The Japanese mobile phone industry recently came under fire from the government for using ambiguous price-setting schemes and excessive handset discounts that stole customers from rivals but penalized loyalty. This has prompted the three major carriers — NTT Docomo Inc., KDDI Corp. and SoftBank ...

Feb 10, 2016

SoftBank profit down 88% amid Sprint struggle

SoftBank Group Corp., which is struggling to turn around its U.S. wireless carrier Sprint Corp., posted an 88 percent drop in third quarter profit. Net income fell to ¥2.3 billion ($20 million) in the three months ended Dec. 31, from ¥18.7 billion a year ...

Jan 19, 2016

Son's SoftBank vision at risk as Sprint goes from bad to worse

The acquisition of Sprint Corp. was supposed to help Masayoshi Son realize his vision of transforming SoftBank Group Corp. into the world’s most valuable company. Instead, the 2013 deal has become his biggest setback so far, dragging down SoftBank shares and cutting into the ...