9984.T - SoftBank Group Corp.
| Previous close | 5,971.00 |
| Open | 6,180.00 |
| Bid | 6,074.00 x 0 |
| Ask | 6,075.00 x 0 |
| Day's range | 6,019.00 - 6,198.00 |
| 52-week range | 4,708.00 - 7,180.00 |
| Volume | |
| Avg. volume | 12,084,865 |
| Market cap | 8.891T |
| 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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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.
- Financial Times
Beijing calls on Arm to intensify chip co-operation with Chinese companies
Beijing has urged chip designer Arm to work more closely with Chinese companies in an indication of the crucial role the SoftBank-owned group plays in a semiconductor industry under intense pressure from US export restrictions. The deputy minister of science and technology Zhang Guangjun urged Arm to deepen its co-operation with Chinese universities, research institutes and companies in a meeting with its chief executive Rene Haas in Beijing on Tuesday. Zhang said his “ministry would continue to provide services and support for high-tech enterprises like Arm to develop in China”, according to a ministry statement on Thursday.
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.
- Reuters SG
UPDATE 4-Singapore's Temasek cuts staff compensation after failed FTX investment
Singapore's Temasek Holdings said it cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange and for senior management, as they take "collective accountability" for the failed investment. The cuts were disclosed in a statement on Monday, a rare announcement for sovereign funds whose investment decisions and compensations are not public knowledge.
- Financial Times
Everyone’s pouring money into private credit
Sixteen years ago, Fortress Investment Group was the first large private equity firm in the US to go public, minting a large windfall for co-founders PeteBriger and WesEdens while setting the stage for rivals Blackstone, Apollo, KKR and Carlyle to also list their shares. On Monday, DD’s Antoine Gara reported that Fortress’s controlling shareholder SoftBank had struck a deal to sell the group to an arm of Abu Dhabi sovereign wealth fund Mubadala and Fortress’s own employees. Mubadala will own 70 per cent of Fortress, while insiders like founder Briger and top investment staff will own the remaining 30 per cent of the $46bn in assets group.
- Financial Times
SoftBank’s long-term debt rating cut deeper into junk status by S&P Global
S&P Global has cut SoftBank’s long-term credit rating deeper into junk territory, a downgrade the Japanese group’s chief financial officer lambasted as “seriously lacking in logic”. After the rating agency warned on Tuesday of higher asset risk in SoftBank’s investment portfolio due to the massive sale of its Alibaba stake, Yoshimitsu Goto questioned the decision, saying its cash position had increased from ¥2.3tn to ¥5.1tn ($36.8bn) over the past year. “I think we can say that there will be no impact on our fundraising ability” from this downgrade, Goto told the Financial Times, noting that SoftBank had cash reserves to redeem its bonds over the next six years.
- Financial Times
Greenhill and Lazard: investment banking pioneers at a crossroads
One thing to start: The new owner of Silicon Valley Bank is suing HSBC and several former employees for more than $1bn, claiming the group “engineered a scheme to plunder” SVB of top bankers and confidential information. On October 15 2009, shares of boutique investment bank Greenhill & Co traded at $95 — more than five times the price they fetched in the 2004 initial public offering that made its investment bankers the envy of Wall Street. October 15 2009 also happened to be the day after Bruce Wasserstein, the legendary banker and longtime contemporary of Robert Greenhill, died.
- Financial Times
Fortress boss sees distressed debt boom as SoftBank sells group to Mubadala
A sharp credit contraction caused by the banking crisis and rising interest rates will fuel a wave of defaults, said Pete Briger, co-founder of Fortress Investment Group, which on Monday was sold by SoftBank to an arm of Abu Dhabi’s sovereign wealth fund and the asset manager’s own employees. In an interview with the Financial Times, Briger said the expected market turmoil created the best opportunities for distressed asset investors since the 2008 financial crisis. As such, it was a good time for Fortress employees to buy the firm, which specialises in distressed debt and other debt-based investment strategies and has $46bn in assets.
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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 Vision Fund loses money again despite tech rebound
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.
- 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.
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.
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.
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The GuardianArm co-founder partly blames ‘Brexit idiocy’ for US flotation
Hermann Hauser says UK chip designer rules could seek secondary listing in London later
Yahoo Finance VideoBritish chipmaker Arm files for an IPO in the U.S.
Yahoo Finance Live’s Brad Smith reports that SoftBank-owned chipmaker Arm has filed for an IPO in the U.S.
Motley FoolSoftBank's Arm is Set to List on the Nasdaq Later this Year
Two years after setting a record for IPOs, American stock exchanges have been putting up mostly zeros in 2023, but a blockbuster initial public...
ReutersSoftBank's Arm registers for blockbuster U.S. IPO
NEW YORK (Reuters) -SoftBank Group Corp's chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting the stage for this year's largest initial public offering. The IPO registration shows that Softbank is pressing ahead with the blockbuster offering despite adverse market conditions, after saying in March that it planned to list Arm in the U.S. stock market. U.S. IPOs, excluding listings for special purpose acquisition companies, are down about 22% to a total of just $2.35 billion year-to-date, according to Dealogic, as stock market volatility and economic uncertainty put many IPO hopefuls off.
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ReutersCredit Suisse lodges $440 million London claim against SoftBank
Credit Suisse has lodged a $440 million claim against Japan's SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed U.S. construction group that filed for bankruptcy in 2021. The collapse of Greensill, along with a string of scandals, helped dent confidence in the 167-year-old Swiss bank.