SoftBank Group (SFTBF) - OTCPK - Current
  • Mon, Mar. 7, 6:21 AM
    • SoftBank (OTCPK:SFTBY) plans to separate itself into two companies, one focused on its slow-growing domestic telecommunications business and the other looking after its collection of overseas technology investments.
    • Ex-Google executive and SoftBank President Nikesh Arora will lead the overseas management arm, while Ken Miyauchi, who is in charge of the company's mobile business, will be heading the domestic firm. Both divisions will be based in Japan.
    | Mon, Mar. 7, 6:21 AM | 5 Comments
  • Wed, Mar. 2, 7:35 PM
    • Sprint's (S +7.9%) latest plan to revive a flagging business? A network-leasing unit at owner SoftBank (OTCPK:SFTBY), which would supply the carrier with loans collateralized by wireless equipment -- and some of its spectrum rights.
    • That's the "crown jewel," and SoftBank had already previously set up a unit to buy (and lease back) Sprint's phone inventory for $1.2B.
    • The spectrum rights (estimated at north of $115B in value) aren't going anywhere, but Sprint will pursue $3B-$5B from related loans this year. That's against $34B in debt, more than twice Sprint's market value.
    • Sprint has elected to sit out the upcoming FCC broadcast incentive auction for airwaves. But then it's in a cash crunch, and already sitting on the biggest piece of 2.5 GHz spectrum in the country. So far, ambitions to apply that to creating the fastest wireless network are unrealized.
    • Drawing some billions from its spectrum is getting closer to a last resort as Sprint buys time for a network turnaround. “I don’t think Sprint will go belly-up. Masa would probably be there to bail them out,” says Recon Analytics analyst Roger Entner. “But it shows what kind of bind Sprint is in, when you have to collateralize the plates and silverware.”
    • Shares in Sprint closed at a 2016 high today, and are up 35% over the past month.
    • Related: Sprint's Spectrum Is Worth A Premium, Not A Discount (Mar. 02 2016)
    • Related: Sprint: Still A Terminal Short (Mar. 02 2016)
    • Related: Run, Don't Walk Away From Sprint (Jan. 26 2016)
    | Wed, Mar. 2, 7:35 PM | 48 Comments
  • Mon, Feb. 15, 3:54 AM
    • Marking its biggest buyback to date, SoftBank (OTCPK:SFTBY) is purchasing up to ¥500B ($4.4B) worth, or as much as 14.2%, of its own shares over the next year starting on Wednesday.
    • The move follows its buyback of around $1B worth of shares in August, which CEO Masayoshi Son had said was a response to its lackluster stock price.
    • SoftBank shares have fallen around 24% since the start of the year.
    | Mon, Feb. 15, 3:54 AM | 12 Comments
  • Nov. 24, 2015, 7:52 PM
    • SoftBank (OTCPK:SFTBY -1.6%) last month declared a plan to spread "several billions" each year in investments around the world, all set to be managed by president (and likely successor to Chairman Masayoshi Son) Nikesh Arora -- who certainly seems to prefer options in India over pouring more money into struggling Sprint (S +0.9%).
    • In an interview with Bloomberg on his strategy, Arora says that while they're focusing on later-stage startups with proven products, there's "money to be made in any stage, as long as you identify the right company."
    • While there are some 150 companies valued over $1B, Arora says there are about 1,000 companies over $500M: "That’s our universe. We believe with 1,000 companies we can interpret this universe and understand it with limited resources."
    • He says the best thing they can offer startups is "operational insights," rather than investment strategy or fund-raising help.
    • As for SoftBank trading at a discount to public assets: "There are three things that people worry about. One is what’s going to happen to Sprint. Two is what’s going on in China. And three is I hope Masa won’t do another Sprint." But as for Sprint, "Masa is unrelenting. He is working with [Sprint managers] almost every night for a few hours, 10 p.m. calls, or in the morning."
    • Previously: SoftBank planning "several billions" in annual global investment (Oct. 22 2015)
    • Previously: Sprint to target 'bloated' structure with $2.5B in cost cuts (Oct. 09 2015)
    | Nov. 24, 2015, 7:52 PM | 15 Comments
  • Nov. 20, 2015, 8:00 AM
    • Sprint (NYSE:S-5% premarket following the announcement of $1.2B sale-leaseback plan.
    • Under the plan, a group of investors including Sprint (S) majority owner Softbank (OTCPK:SFTBF, OTCPK:SFTBY) will create a $1.2B into an entity to purchase the devices Sprint leases to customers.
    • Sprint will then lease back the devices from the new venture, giving it fresh funding "at an attractive cost of capital which is well below Sprint's alternatives in the high-yield debt market."
    • "Providing mobile devices to customers is the biggest use of cash in the carrier model, and with this new structure we have more closely aligned Sprint's cash flows with those associated with leasing devices to our customers,"  CFO Tarek Robbiati says.
    • The move will boost free cash flow, but reduce 2015 Ebitda by ~$400M.
    • Related: Sprint: Cost Cutting Is A Sign Of Desperation (Oct. 9)
    | Nov. 20, 2015, 8:00 AM | 38 Comments
  • Nov. 4, 2015, 4:39 AM
    • Japan's SoftBank (OTCPK:SFTBY) reported weaker-than-expected net profit for its fiscal second quarter, as it works to turn around Sprint (NYSE:S), the U.S. wireless carrier it bought in 2013.
    • Net income fell 56% from a year ago to ¥213B, missing analyst expectations of ¥262B.
    • At a news conference following the results, SoftBank Chairman Masayoshi Son said the company would slash thousands of jobs at Sprint in an effort to cut more than $2B of fixed annual costs from the struggling unit.
    | Nov. 4, 2015, 4:39 AM | 13 Comments
  • Sep. 21, 2015, 6:24 AM
    • The lockup on 63% of Alibaba (NYSE:BABA) shares ended on Saturday, freeing up the company's largest shareholders to start selling stock beginning today.
    • With Yahoo (NASDAQ:YHOO) still working out what to do with its 15% stake amid tax uncertainties, investors battered by the e-commerce company's $128.5B market slump are bracing for the worst, such as more shares hitting the market and driving prices even lower.
    • Billionaire founder Jack Ma and Vice Chairman Joseph Tsai have pledged to keep their stock, while analysts expect SoftBank (OTCPK:SFTBY) to hold onto its shares.
    | Sep. 21, 2015, 6:24 AM | 78 Comments
  • Sep. 11, 2015, 10:23 AM
    • Masayoshi Son, Chairman of Japan's SoftBank (OTCPK:SFTBY -1%), entered into talks with an overseas partner, Bloomberg reports, for a management buyout of the $65B company earlier this year -- which would have been the biggest ever.
    • Son scrapped the plan reportedly as financing talk broke down.
    • With a 19.3% stake, Son is SoftBank's biggest shareholder. Applying an average Japanese-target premium, buying out the rest would cost about $68B -- more than double the total of such deals in Japan since 1999.
    • Shares are down 9.7% YTD in Tokyo and down 12.8% over the past year, meaning SoftBank's market value is less than the stakes it holds in other firms (Yahoo Japan, Alibaba Group Holding, Sprint).
    | Sep. 11, 2015, 10:23 AM
  • Aug. 31, 2015, 5:04 PM
    | Aug. 31, 2015, 5:04 PM | 8 Comments
  • Aug. 24, 2015, 4:41 AM
    • Netflix announces it will partner with SoftBank for a launch in Japan.
    • Under the terms of the agreement, SoftBank (OTCPK:SFTBY, OTCPK:SFTBF) customers can sign up for Netflix (NASDAQ:NFLX) through retail centers and online.
    • Netflix's service in Japan will launch on September 2.  
    | Aug. 24, 2015, 4:41 AM | 6 Comments
  • Aug. 19, 2015, 2:05 PM
    | Aug. 19, 2015, 2:05 PM | 5 Comments
  • Aug. 19, 2015, 8:10 AM
    • Calling it a show of "commitment," SoftBank (OTCPK:SFTBY) President Nikesh Arora is buying about ¥60B ($483M) worth of the company's stock over the next six months.
    • At the closing price of ¥7,477 on Wednesday, his cash would buy just over 8M shares, making him the second largest individual investor after CEO Masayoshi Son.
    | Aug. 19, 2015, 8:10 AM | 6 Comments
  • Aug. 18, 2015, 9:54 AM
    | Aug. 18, 2015, 9:54 AM | 9 Comments
  • Aug. 3, 2015, 9:44 AM
    • Re/code reports leading Indian e-commerce marketplace Snapdeal has raised $500M from Alibaba (BABA -0.2%), SoftBank (OTCPK:SFTBF), and major contract manufacturer Foxconn. SoftBank is a prior investor, as is eBay.
    • The WSJ previously reported Alibaba and Foxconn are in talks to buy a ~10% stake at a ~$5B valuation. Snapdeal has been in pitched battle with archrival Flipkart (recently valued at $15.5B) in an Indian e-commerce market that still has much lower penetration rates than China's. Amazon has also been aggressively investing in the country.
    • Alibaba has also reportedly been thinking of taking major stakes in Indian phone OEM Micromax and payments/e-commerce platform Paytm. The company recently struck deals meant to drive trade between Indian and Chinese merchants. FQ1 results arrive on Aug. 12.
    | Aug. 3, 2015, 9:44 AM
  • Jul. 17, 2015, 1:50 PM
    • Warner Bros. (TWX -2%) is reportedly again competing to bid for DramaFever, an online video distributor of South Korean soap operas that SoftBank (OTCPK:SFTBY) paid $100M for in October.
    • Warner was among the bidders that were part of the fall sale, and acquiring control of DramaFever could speed up its own over-the-top service plans. SoftBank plans to keep a significant minority stake in the service.
    • The site -- which provides South Korea's soap operas with subtitles for a largely U.S. audience -- operates with a Hulu-like model, and like Hulu has recently been focusing on its subscription side.
    • During SoftBank's ownership, traffic to the site has tumbled nearly by half, to May's 1.18M unique visitors, though that measure doesn't count streamers such as Rokus or Apple TVs, and only accounts for some mobile viewing.
    | Jul. 17, 2015, 1:50 PM | 1 Comment
  • Jun. 22, 2015, 7:00 AM
    | Jun. 22, 2015, 7:00 AM
Company Description
Sector: Technology
Industry: Application Software
Country: Japan