SoftBank heir apparent Arora to resign over succession timeline

Jun 21, 2016

SoftBank heir apparent Arora to resign over succession timeline

A former Google executive who was seen as the heir apparent to the founder of mobile communications giant SoftBank has resigned because of a conflict over the timeline for his succession, the company announced Tuesday. SoftBank had just hours earlier cleared Nikesh Arora after ...

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 ...

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 ...

Softbank named top B. League partner

Mar 10, 2016

Softbank named top B. League partner

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The B. League officially revealed on Thursday that Softbank Group Corp. has become the circuit’s top partner, starting with the inaugural 2016-17 season. Japan Basketball Association president Saburo Kawabuchi emphasized that the sport has enormous potential both globally and domestically and the participation of ...

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, ...