More From Sam Nussey
Vision Fund Slide Points To More Pain For SoftBank's Son
Sliding valuations in the listed portfolio of SoftBank Group Corp's Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth firms he favours.
Aug 04, 2022
Nintendo Q1 Switch Sales Slump 22% To 3.43 Million Units
Japan's Nintendo Co Ltd said on Wednesday it sold 22% less of its Switch consoles in the April-June quarter than a year earlier, while maintaining its forecast to sell 21 million units in the year through end-March 2023.
Aug 03, 2022
Nintendo Switch Sales Slump On Chip Shortage
Japan's Nintendo Co Ltd sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday.
Aug 03, 2022
Sony Trims Profit Forecast As Gaming Performance Drags
Japan's Sony Group Corp on Friday trimmed its full-year profit forecast due to an expected weaker performance at its key gaming unit, which posted a steep drop in first-quarter operating profit as consumer interest in gaming waned.
Jul 29, 2022
Sony Trims Profit Forecast After Games Business Falters
Sony Group Corp trimmed its profit forecast on Friday after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints dampening stay-at-home gaming.
Jul 29, 2022
Face-recognition Business Puts SoftBank Between China, U.S
A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted Chinese firm to the likes of Mastercard and Visa, an opportunity for the Japanese conglomerate, fraught with geopolitical and privacy risks.
Jul 07, 2022
Sony Accelerates PC Gaming Push With Inzone Gear
Sony Group Corp said on Wednesday it's launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience.
Jun 28, 2022
SoftBank's Son Says Nasdaq Listing Most Likely For Chip Designer Arm
SoftBank Group Corp's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made.
Jun 23, 2022
Japan's SoftBank Cuts Borrowing From Mizuho, Goldman Sachs
SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March to 812 billion yen ($6.38 billion), a filing showed.
May 29, 2022
Sony To Ramp Up PS5 Production And Broaden Games Portfolio
Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening of its games portfolio including more titles on PC and mobile.
May 25, 2022
With U.S. Help, Japan Wants To Go From Player To Power In Space
Space is a key area of cooperation for Japan with the United States, its closest ally, amid heightened tensions with an increasingly assertive China, which itself aims to become a space power.
May 22, 2022
With U.S. Help, Japan Aims To Go From Player To Power In Space
Space is a key area of cooperation for Japan with the United States, its closest ally, amid heightened tensions with an increasingly assertive China, which itself aims to become a space power.
May 22, 2022
Sony Readies For Metaverse Revolution With Cross-platform Push
Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.
May 18, 2022
SoftBank Posts $13 Billion FY Net Loss
SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12 billion) for the year ended in March as the tech investor faces a sliding tech portfolio.
May 12, 2022
SoftBank Vision Fund Posts $26 Billion Loss; Son Pledges Defence
Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks.
May 12, 2022
SoftBank Posts Record $26 Billion Vision Fund Loss
SoftBank Group Corp reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the value of its tech portfolio slid.
May 12, 2022
SoftBank's Vision Fund Posts Record $26 Billion Loss As Tech Stocks Slump
Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability have whiplashed high-growth tech stocks.
May 12, 2022
SoftBank's Vision Fund Posts Record $26 Billion Loss As Tech Stocks Take A Beating
Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability have whiplashed high-growth tech stocks.
May 12, 2022
SoftBank Racks Up Record $26 Billion Vision Fund Loss
SoftBank Group Corp reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio was caught in a storm of rising interest rates and political instability.
May 12, 2022
Japan's Opn Raises $120 Million, Becomes Rare Unicorn
Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.
May 09, 2022
SoftBank Seen Posting Bruising Vision Fund Loss On Tech Sell-off
Japan's SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.
May 09, 2022
SoftBank CDS Costs Rise To Two-year High As Holdings Slump
The cost of insuring against a default in SoftBank Group Corp's debt rose to hit the highest in two years and its bond yield also climbed as the slumping value of the Japanese conglomerate's tech investments unnerved investors.
Mar 15, 2022
SoftBank's CDS Costs Rise Hit Two-year High As Value Of Its Holdings Slumps
The cost of insuring against a default in SoftBank Group Corp's debt hit a two-year high on Wednesday and its bond yield also climbed as sharp drops in the value of its tech investments have unnerved investors.
Mar 15, 2022
SoftBank Sold $1 Billion Coupang Stake
SoftBank Group Corp's Vision Fund sold shares worth $1 billion in South Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of the tech investment firm's holdings.
Mar 14, 2022
Exclusive-French Auditor Questions SoftBank's Accounting At Pepper Robot Developer
An auditor has questioned SoftBank's bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm's treatment of a subsidiary it is now trying to sell as the venture has floundered.
Mar 08, 2022
After Decades In A Spin, Sonic's Break-out Leaves Sega Hoping For More
Japan's Sega Sammy Holdings Inc is hoping to ride the fast-moving coattails of Sonic the Hedgehog as the character enjoys a renaissance amid a global scramble for entertainment content.
Feb 27, 2022
SoftBank Seen Trimming Alibaba Stake To Fill Shortfall - Analyst
SoftBank sold 20 million Alibaba shares in the last quarter and "will need to sell more in 2022," an analyst said on Tuesday.
Feb 21, 2022
Storm Clouds Gather At SoftBank Group As Valuations Slide
Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings on Tuesday, with the valuations of top portfolio companies slipping and heavyweights departing the Japanese technology conglomerate.
Feb 03, 2022
Toyota, SoftBank Team Up To Develop Self-Driving Car Services
Toyota Motor Corp and SoftBank Group Corp said they will team up to develop car services that rely on self-driving technology, such as hospital shuttles, as they envision a future in which fewer people drive their own vehicles.
Oct 04, 2018
Takeda Shareholder Group Aims To Block $62 Billion Shire Deal
A group of Takeda Pharmaceutical Co Ltd shareholders is trying to build support to block the $62 billion acquisition of London-listed Shire Plc at an extraordinary general meeting, a leading member of the group told Reuters on Monday.
Jun 11, 2018
