TOKYO, Nov 9 (Reuters) - SoftBank Group (9984.T ... The downbeat results came even as the group managed to pull off the long-anticipated initial public offering (IPO) of chip designer Arm, although the proceeds from that did not count as earnings as ...
Japan’s Softbank logs qtrly loss as Arm IPO offers little support
Softbank (OTC:SFTBY) clocked a net loss of 789 billion yen in the three months to September 30, compared to a profit of 3.034 trillion yen a year ago, the Japanese tech giant said ... did not record a gain on the Arm IPO, given that it has still retained ...
Japanese senior vice finance minister apologizes for tax delinquency
A Japanese senior vice finance minister, who took up the role in a Cabinet reshuffle in September, on Thursday apologized after a mag ...
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based ...
Japan’s State Minister of Finance admits repeated tax delinquency
Japan's State Minister of Finance Kanda Kenji has admitted that a company he owns had repeatedly failed to pay taxes. The revelation came in an Upper House committee meeting following a report from a ...
Finance minister says Kishida’s tax cut plan will deepen debt
Although Prime Minister Fumio Kishida said Japan will return surplus tax revenues to the people, his plan to cut income taxes will require an additional issuance of government bonds, Finance Minister ...
Japan Current Account Surplus Hits Record in Support for Economy
Japan’s current-account surplus hit a record high in the first half of this fiscal year, marking a potentially positive development for the country’s economic recovery and weakened currency. Most Read ...
SoftBank books $5.2bn quarterly loss as investments and weak yen bite
TOKYO: SoftBank Group on Thursday booked 789 billion yen ($5.22 billion) loss, marking its fourth straight quarter in the red, as it wrote down the value of some investments and a weak yen lifted the ...
Japan’s Nikkei rebounds sharply from two-day loss on earnings boost
Japan's Nikkei share average made strong gains on Thursday, snapping a two-day loss, as robust earnings helped propel energy and consumer-product shares. The Nikkei closed up 1.49% at 32,646.46, ...
Bank of Japan’s Ueda sees firms more actively raising prices, wages
BANK of Japan Governor Kazuo Ueda said on Thursday companies were becoming more active than before in raising prices and wages, signalling his conviction the country was making progress towards ...
From oil to crypto, AI chips and interest rates – these are the 13 policymakers who matter in markets
When she was confirmed by the Senate in a close 2022 vote to fill an unexpired term, Fed Governor Lisa Cook became the first Black woman to have a seat ...
UPDATE 2-Mizuho set to invest $600 mln in Rakuten’s securities unit -source
Japan's Mizuho Financial is set to purchase $600 million worth of shares in Rakuten Group's securities unit, a person familiar with the matter said - a move that will help the e-commerce giant's ...
Japan’s Nikkei rebounds on earnings boost, Nintendo extends rally
TOKYO, Nov 9 (Reuters) - Japan’s Nikkei share average rose on Thursday rebounding after two sessions of losses, as strong earnings helped propel energy and consumer-product shares. The Nikkei added ...
Japan’s Nikkei reverses course as investors sell value stocks
TOKYO, Nov 8 (Reuters) - Japan’s Nikkei share average closed lower on Wednesday, giving up early gains as investors sold value stocks, although gains in growth stocks limited losses. The Nikkei closed ...
BOJ may end negative rates in January, ex-central bank executive says
The Bank of Japan may end its negative interest rate policy as early as January, and keep raising short-term borrowing costs if the economy can weather risks from overseas uncertainties, said former ...
‘Curious About New Paths’: Inside Osaka’s Business Ventures
Naomi Osaka has given an insight into her life off the court as the American tennis star has taken on several business ventures away from tennis recently.