SoftBank gets serious about tackling debt with asset sales

Jun 6, 2016

SoftBank gets serious about tackling debt with asset sales

After years of acquisitions saddled SoftBank Group Corp. with record debt and weighed down its stock, founder Masayoshi Son is getting serious about improving the company’s balance sheet. SoftBank has announced a series of asset sales as part of a broader effort to re-examine ...

SoftBank to raise $8.9 billion from Alibaba sale

Jun 2, 2016

SoftBank to raise $8.9 billion from Alibaba sale

SoftBank Group Corp. said Thursday its sale of Alibaba Group Holding Ltd. stock will raise $8.9 billion, an infusion of cash that can be used to strengthen the company’s balance sheet and allow it to act fast when making strategic investments. Alibaba is paying ...

SoftBank's Pepper robot becomes Android friendly

May 19, 2016

SoftBank's Pepper robot becomes Android friendly

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SoftBank Robotics Corp. said Thursday it has expanded opportunities for app developers to use Google’s Android platform for its humanoid robot Pepper. It hopes to encourage more programmers to develop apps for the device. An Android-ready Pepper model will go on sale in July, ...

May 17, 2016

Japan government to press mobile carriers on prices as profits soar

The government plans to step up pressure on the country’s largest mobile-phone carriers to offer cheaper plans as surging profits show they have room to reduce costs for customers, an official at the communications ministry said. Minister of Internal Affairs and Communications Sanae Takaichi ...

May 13, 2016

Alibaba, SoftBank team up on Japan-focused cloud computing venture

Alibaba Group Holding Ltd. teamed with its largest shareholder SoftBank Group Corp. to form a cloud computing service venture targeting Japanese customers as the Chinese e-commerce giant expands one of its fastest growing businesses. The venture known as SB Cloud Corp. will open a ...

Mobile carriers stream to higher profits

May 13, 2016

Mobile carriers stream to higher profits

Japan’s top three mobile carriers NTT Docomo Inc., KDDI Corp. and SoftBank Group Corp. posted higher operating profits in fiscal 2015, thanks in part to greater use of data streaming on smartphones. NTT Docomo saw operating profit rise 22.5 percent to ¥783 billion, the ...

May 10, 2016

SoftBank reports 8.8% jump in profit for year on Sprint savings

SoftBank Group Corp. on Tuesday said operating profit rose 8.8 percent in the just-ended business year, a tad short of analysts’ estimates, pushed up by robust domestic operations and cost cuts at U.S. subsidiary Sprint Corp. The telecoms conglomerate reported profit of ¥999.5 billion ...