Tag - vision-fund

 
 

VISION FUND

SoftBank Group booked a profit for the December quarter after four straight quarters of losses.
BUSINESS / Companies
Feb 8, 2024
SoftBank swings to profit lifted by T-Mobile windfall
SoftBank recorded its first profit after four straight quarters of losses, backed by a rebound of the Vision Fund and gains from T-Mobile shares.
Softbank's Vision Fund unit swung to a profit of ¥61 billion in the quarter ended June, compared with a ¥2.33 trillion loss for the same period a year ago.
BUSINESS
Aug 8, 2023
Global tech stock rebound lifts SoftBank Vision Fund into profit
The fund logged a ¥61 billion profit in the quarter ended June — its first in over a year — compared with a ¥2.33 trillion loss a year ago.
Japan Times
BUSINESS
Jun 21, 2023
SoftBank’s Son goes back on offense to cement his tech legacy
The billionaire is ending years of relative dormancy after his Vision Fund, the world’s largest pool of tech capital, racked up billions of dollars of losses.
Japan Times
BUSINESS / Companies
May 11, 2023
SoftBank Vision Fund loses ¥4.3 trillion on weak startup values
Many of the privately held companies that SoftBank’s invested in are not yet profitable, while the IPO market remains lackluster.
Japan Times
COMMENTARY / Japan
Feb 9, 2023
SoftBank’s Masayoshi Son may have one big bet left
The Vision Funds are almost exhausted, so the company will be looking for something else to buy in order to boost returns.
Japan Times
BUSINESS / Companies
Feb 7, 2023
SoftBank Vision Fund loses ¥660 billion as tech slump persists
A collapse in valuations last year has pummeled the global tech investor, which holds stakes in hundreds of startups.
Japan Times
BUSINESS
Nov 11, 2022
SoftBank Group reports net loss of ¥129 billion for April-September period
Its net loss, however, was reduced from a record u00a53.16 trillion in the April-June quarter after it logged massive gains from selling some of its stake in Chinese tech giant Alibaba.
Japan Times
BUSINESS / Companies
Sep 30, 2022
SoftBank plans Vision Fund staff cuts of at least 30%, sources say
Masayoshi Son, the billionaire founder of SoftBank Group, had said in August he would implement cost cuts after a record $23 billion loss.
Japan Times
BUSINESS / Companies
Sep 2, 2022
SoftBank could be planning Vision Fund staff cuts of at least 20%
Executives are still debating how extensive the cuts should be, with some calling for cuts as high as 50%, according to one source.
Japan Times
BUSINESS / Companies
Jun 23, 2022
SoftBank’s Son faces shareholders shaken by ¥4.6 trillion loss
With SoftBank's own financial health on the line, shareholder confidence is near a breaking point, some analysts have said.
Japan Times
BUSINESS / Companies
May 30, 2022
SoftBank executive pay slashed after historic Vision Fund loss
SoftBank founder and CEO Masayoshi Son kept his pay unchanged at u00a5100 million, but four of the top six executives at the firm saw their compensation cut.
Japan Times
BUSINESS / Companies
Apr 28, 2022
SoftBank’s Vision Fund devotes more of its cash to Japan for first time
The newfound interest comes after years of criticism in Japan of an unprecedented investment spree that's bankrolled high-profile startups elsewhere.
Japan Times
BUSINESS / Companies
Nov 8, 2021
SoftBank Vision Fund posts a record loss as Coupang shares fall
The plunging value of some investments and a tech sector crackdown by Chinese regulators have pushed the business into the red.
Japan Times
BUSINESS / Companies
Nov 2, 2021
Unable to tap its talents, SoftBank considers sale of Fortress Investment Group
The Japanese giant acquired the U.S. asset manager for $3 billion four years ago, but sources say SoftBank couldn't mesh the New York firm's operations with its own.
Japan Times
BUSINESS / Companies
May 13, 2021
SoftBank tumbles after record profit fails to impress
Investors are skittish about whether SoftBank will keep buying back its own stock after completing a u00a52.5 trillion allotment for repurchases.
Japan Times
BUSINESS / Companies
Apr 16, 2021
SoftBank Vision Fund profit nears $30 billion on Coupang
Coupang's $4.6 billion offering was the second biggest this year and marks SoftBank's best return since Alibaba Group Holding Ltd.'s listing in 2014.
Japan Times
BUSINESS / Companies
Apr 16, 2021
SoftBank is said to invest $450 million in Indian startup Swiggy
The food delivery firm also closed an $800 million funding round from investors including Falcon Edge Capital LP and Goldman Sachs Group Inc. about a week ago.
Japan Times
BUSINESS / Companies
Apr 1, 2021
How Masayoshi Son’s ‘money guy’ Lex Greensill went from hero to zero
Greensill Capital was a key part of what Son dubbed his 'Cluster of No. 1's” strategy, taking noncontrolling stakes in the world's leading tech companies and encouraging them to cooperate.
Japan Times
BUSINESS / Companies
Mar 4, 2021
Masayoshi Son’s billions multiply on SoftBank mega-rally and SPAC boom
Few fortunes are as volatile as Masayoshi Son’s.
Japan Times
BUSINESS / Companies
Feb 9, 2021
SoftBank’s Vision Fund posts record $8 billion profit on IPO boom
A global rally in technology shares has boosted the value of SoftBank's stakes in publicly traded firms like Uber Technologies Inc.

Longform

When trying to trace your lineage in Japan, the "koseki" is the most important form of document you'll encounter.
Climbing the branches of a Japanese family tree