9984.T - SoftBank Group Corp.
| Previous close | 5,725.00 |
| Open | 5,925.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 5,888.00 - 6,067.00 |
| 52-week range | 4,708.00 - 7,180.00 |
| Volume | |
| Avg. volume | 12,084,865 |
| Market cap | 8.733T |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1,841.73 |
| Earnings date | 07 Aug 2023 - 11 Aug 2023 |
| Forward dividend & yield | 44.00 (0.80%) |
| Ex-dividend date | 28 Sept 2023 |
| 1y target est | 7,041.20 |
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BloombergNow Seen as an AI Stock, SoftBank Is Set for Its Best Week in Three Years
(Bloomberg) -- SoftBank Group Corp. notched its best weekly gain since March 2020 as analysts and investors become more bullish on its potential as an artificial intelligence stock.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersInside the Making of Redfall, Xbox’s Latest MisfireRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million P
ReutersSoftBank shares swept up in AI chip frenzy ahead of Arm IPO
SoftBank Group Corp shares jumped 5% in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks. Still, they are up only 6.4% year-to-date, compared with 172% for U.S. chipmaker Nvidia Corp - an expected beneficiary of investment in AI - and 39% in the Philadelphia SE Semiconductor Index. On Friday, SoftBank passed the psychological level of 6,000 yen for the first time since February.
Yahoo Finance VideoNvidia, Softbank announce generative AI collaboration
Jefferies Managing Director Atul Goyal joins Yahoo Finance Live to discuss Softbank's announcement of its generative AI collaboration with Nvidia, Softbank's upcoming IPO, and whether its subsidiary Arm Ltd. could be the next big AI play.
BloombergNasdaq Fought Off Fierce Rivals to Win IPO of SoftBank’s Arm
(Bloomberg) -- Nasdaq Inc. may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd., likely to be the largest initial public offering of the year.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBilliona
BloombergSoftBank Fires Back After S&P Cuts Rating Deeper Into Junk
(Bloomberg) -- SoftBank Group Corp. issued a sharp rebuke after S&P Global Ratings cut its long-term credit rating a notch further into junk territory, citing the Japanese tech conglomerate’s exposure to private market valuations and other external risk factors.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam
BloombergWealth Fund QIA Joins SoftBank, BlackRock in Private Credit Push
(Bloomberg) -- Qatar’s sovereign wealth fund sees growing investment opportunities in the world of private credit, joining the likes of SoftBank Group Corp. and BlackRock Inc. in touting the $1.5 trillion market. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s New Covid Wave Set to See 65 Million Cases a WeekChina’s $23 Tril
ReutersSoftBank questions S&P after it cuts rating deeper into junk
TOKYO (Reuters) -S&P Global Ratings cut SoftBank Group Corp's long-term rating deeper into junk territory on Tuesday, leading the Japanese tech investment conglomerate to question the downgrade. S&P lowered SoftBank's rating to BB from BB-plus, citing SoftBank's exposure to unlisted companies that are susceptible to changes in the external environment. "There is a marked lack of rationality in the explanation," SoftBank Chief Financial Officer Yoshimitsu Goto told Reuters.
ReutersSoftBank exploring offering credit funds to tech startups- sources
(Reuters) -SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a private credit strategy that provides debt or debt-like structured financing for late-stage tech startups, people familiar with the matter told Reuters. The fund aims to offer liquidity options to tech startups, including some of SoftBank's own portfolios, amid a slow venture funding environment and a weak market for IPO exits. The plan, which was still in its early stage and could change, was first reported by Bloomberg News earlier on Monday.
BloombergSoftBank Explores Plans to Become a Lender in Private Credit
(Bloomberg) -- SoftBank Group Corp. is working on plans to become a lender in the $1.5 trillion world of private credit. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesMeta Fined Record €1.2 Billion in EU Over US Data TransfersSenior investors at the Japanese firm have spoken to market participants about directly lending t
Yahoo Finance UKHow UK’s chip industry is being lured by the US and Europe
UK plays catch-up in chips war with £1bn semiconductor strategy
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ReutersVice Media gets court sign-off for bankruptcy loan
Vice Media received court permission on Tuesday to borrow $5 million to fund its bankruptcy, saying it will use the money in part to pay freelancers and prepare the company for a sale. U.S. Bankruptcy Judge John Mastando at a hearing in Manhattan said he would allow Vice to borrow additional money from its existing senior lenders, a group that includes Fortress Investment Group, Soros Fund Management and Monroe Capital. Mastando said he would approve the first $5 million of the loan within a day, and that he would consider Vice's request to borrow an additional $5 million in June.
BloombergSoftBank-Backed Unicorn Yanolja Buys Israeli Travel-Tech Company
(Bloomberg) -- South Korea’s largest trip-booking company Yanolja Co. is acquiring Israeli technology provider Go Global Travel to become one of the world’s largest travel solution platforms.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is Desperate to UnloadJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsYanolja’s cloud business unit is buying the
BloombergSoftBank Is Said to Pitch $10 Billion IPO of Chip Designer Arm
(Bloomberg) -- SoftBank Group Corp. has started testing investor appetite for an initial public offering of British chip designer Arm Ltd., which could raise as much as $10 billion, people with knowledge of the matter said. Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empir
BloombergMasayoshi Son Now Owes SoftBank $5.2 Billion on Side Deals
(Bloomberg) -- Masayoshi Son is now personally on the hook for about $5.2 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after the Vision Fund venture capital arm capped a year of record losses. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersJPMorgan Asset Says Markets Are Right to Bet o
BloombergSoftBank Stock Drops After Vision Fund Loses Money Again
(Bloomberg) -- SoftBank Group Corp. shares dropped after its Vision Fund investment arm lost money again in the latest quarter ended, despite a rebound in tech stocks. Most Read from BloombergTwitter in Talks With NBC Ad Chief to Take Over as CEO From MuskFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireJamie Dimon Says US Needs to 'Finish' the Bank CrisisAirlines’ First Class Makeovers Give the Rich Hotel
- Reuters
Softbank-backed doValue ups order intake guidance despite Q1 loss
The Verona-based bad loan manager said it now expects new potential contracts to recoup bad loans in Southern Europe to reach 58 billion euros ($63.85 billion) for the next two years, up from a previous forecast of 52 billion euros. doValue, which was spun off from UniCredit and has Softbank Group and Bain Capital Credit as its main shareholders, forecast its order intake to grow further in the coming quarters driven by a likely increase in sour loans due to stress factors such as inflation and higher rates. However, the company posted a net loss of 2.7 million euros in the first quarter, which compared with a profit of 8.9 million a year earlier, as the result was impacted by an increase in provisions for risk and charges as well as lower core profits.
The TelegraphArm reveals record $2.8bn revenues after snubbing London float
British chip designer Arm has revealed record annual revenues of $2.8bn (£2.2bn) as the Cambridge company gears up for a US public listing after snubbing the London Stock Exchange.
BloombergSoftBank Vision Fund Loses Money Again Despite Tech Rebound
(Bloomberg) -- SoftBank Group Corp. lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate suffered losses on unlisted startups in its portfolio.Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimFamily Builds $900 Million
ReutersSoftBank books narrower loss after Alibaba stake sell-down
TOKYO (Reuters) -Japan's SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm. SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the year ended March 31, compared with a 1.7 trillion yen loss in the same period a year earlier. CEO Masayoshi Son's attempt to bestride the tech investing industry has suffered a series of high-profile reversals after outsized bets through SoftBank's first Vision Fund turned sour and investments made at bubbly valuations via a smaller second fund slumped.
- Investing.com
SoftBank clocks smaller annual loss as Arm unit logs record sales
Investing.com -- Japanese investment giant SoftBank Group Corp (TYO:9984) marked a second consecutive annual loss on Thursday amid a sustained decline in the value of its technology holdings, although the loss narrowed as its Arm unit logged record-high sales.
BloombergJapan AI Stocks Surge as SoftBank Joins ChatGPT Clone Race
(Bloomberg) -- SoftBank Group Corp.’s mobile unit has declared it’s joining a global race to build a version of ChatGPT, sending a clutch of AI-related Japanese companies surging Thursday.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapFamily Builds $900 Million Braz
BloombergSoftBank Earnings Put Arm IPO Plans, Startup Valuations in Focus
(Bloomberg) -- SoftBank Group Corp.’s Vision Fund investment arm may report a smaller quarterly loss or break even when it announces earnings Thursday, thanks to a global rally in tech stocks.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollUS Inflation Shows Signs of Moderati
ReutersSoftBank investors focus on Arm IPO at Q4 earnings
The fourth-quarter earnings come after the Vision Fund unit posted four consecutive quarters of investment loss, with investors debating whether the value of privately held stakes have further to fall. "The public side did well but questions linger about the private side because we don't have a lot of visibility on that," said analyst Kirk Boodry at Astris Advisory Japan. Portfolio firms of the Vision Fund unit whose shares climbed during January-March include e-commerce firm Coupang Inc and robotics firm AutoStore Holdings Ltd.