Japan's SoftBank Group says its first-half net profit jumped four and half times from a year ago. That's as its investments in tech stocks jumped and it sold off assets to shore up its finances.
The company said on Monday that net profit in the April-September period came to about 1.9 trillion yen, or about 18 billion dollars.
Japan's SoftBank Group has announced that it has agreed to sell leading chip designer Arm to US-based Nvidia in a deal worth up to 40 billion dollars.
SoftBank Group and its Vision Fund will sell all shares in UK-based Arm in a cash and stock deal.
TOKYO — A Japanese mobility venture has unveiled two adapted vans, one which can serve as a workspace or a mobile shop, and another that pumps fresh air through the vehicle to reduce the risk of COVID-19 spreading between passengers.
It is the first commercial offering from Monet, a joint venture between SoftBank Corp and Toyota Motor Corp.
Japanese business giant SoftBank Group found about 0.4 percent of people tested positive for coronavirus antibodies in a survey it conducted. Having antibodies means that the person has contracted the virus in the past.
The group released the preliminary results of the survey in a live-streamed event on Tuesday.
Japan's SoftBank Group is expecting an annual operating loss and net loss for the first time in 15 years.
The company says turmoil in the financial markets amid the coronavirus pandemic has hit the value of its investments.
Japanese telecom giant SoftBank Group announced on Monday that it expects to post a huge loss for fiscal 2019, which ended in March.
The group forecasts an operating loss of 1.35 trillion yen, or about 12.5 billion dollars.
Japanese telecom giant SoftBank Group says it will supply 300 million face masks per month for Japan in a bid to ease the shortage.
SoftBank Group says under a deal with Chinese firm BYD, it will supply 200 million regular surgical masks and 100 million advanced masks called N95 respirator per month starting from May.
SoftBank Group is selling assets worth up to 4.5 trillion yen, or about 41 billion dollars. The Japanese IT giant will use the money to buy back its shares and reduce debt over the next 12 months.
Chairman and CEO Masayoshi Son says the move will strengthen the firm's balance sheet while significantly reducing debt. The coronavirus pandemic caused the group's share price to fall by half in the past month.
A powerful activist investor has built a stake in SoftBank Group, potentially pressing the Japanese tech giant to make changes to boost its share value.
US media say Elliott Management has amassed a 2.5-billion-dollar-stake in SoftBank Group.That's about 3 percent of the Japanese firm's shares.
Japanese investigators say an arrested former employee of Tokyo-based telecommunications giant SoftBank Corporation admitted he received personal benefits from a Russian official.
Forty-eight-year-old Yutaka Araki allegedly accessed the company's confidential information on a corporate server in February last year. He was arrested on Saturday on suspicion of violating a law aimed at preventing unfair competition.
A former employee of Tokyo-based telecommunications giant SoftBank Corporation has been arrested on suspicion of hacking the company's confidential information.
Forty-eight-year-old Yutaka Araki was arrested by Tokyo police on Saturday. He is suspected of violating a law on preventing unfair competition.