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Fitch Assigns SoftBank First-Time BB+ Rating with Stable Outlook

Fitch Ratings has assigned SoftBank Group (TYO:9984) a first-time Long-Term Issuer Default Rating of BB+, citing its position as one of the world's largest and fastest-growing investment holding companies.The rating reflects SoftBank's strong investment record, diversified funding access, and decade-long discipline in managing loan-to-value, net asset value, and liquidity metrics.However, the rating is constrained by the company's higher risk appetite, concentration in large AI-related positions, and uneven investment performance across cycles, according to the agency's rating commentary on Friday.Portfolio credit strength is assessed at 'bb', weighed down by the SoftBank Vision Funds' significant OpenAI exposure and appetite for riskier investments, though an eventual OpenAI IPO could strengthen the funding profile.Fitch expects gross and net loan-to-value ratio (LTV) to rise to roughly 31% and 28% by end-March 2027, driven by debt-funded contracted investments, assuming no asset monetization or IPOs.Despite this, Fitch does not anticipate SoftBank deviating from its financial policy, supported by strong capital markets access and a large portfolio of listed securities available for monetization.

SoftBank Group to Prepay Bridge Loans Linked to OpenAI Investments

SoftBank Group (TYO:9984)will prepay on Sept. 15 the outstanding balance of $25.9 billion under a bridge facility agreement linked to its investment in U.S.-based AI company OpenAI, according to a Wednesday release.The Japanese investment holding company entered into the agreement following a $30 billion follow-on investment deal with OpenAI Group.The total facility amounts to $40 billion, with $30 billion already drawn.Shares of SoftBank Group rose nearly 4% in recent trade.

Update: Market Chatter: SoftBank Group Eyes Up to $20 Billion US Junk Bond Sale

(Updates to add that Citi declined to comment)SoftBank Group (TYO:9984) executives, including CFO Yoshimitsu Goto, are expected to meet New York investors next week to gauge demand for a potential dollar-denominated junk bond, Bloomberg News reported Tuesday, citing people familiar with the matter.The investor meetings, hosted at Citigroup's office and arranged by major banks, are exploratory and not tied to a specific offering, the report said.The Japanese firm is reportedly considering raising $10 billion to $20 billion, the report said.Citi declined to comment on' request for comment.Softbank, Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: SoftBank Group Eyes Up to $20 Billion US Junk Bond Sale

SoftBank Group (TYO:9984) executives, including CFO Yoshimitsu Goto, are expected to meet New York investors next week to gauge demand for a potential dollar-denominated junk bond, Bloomberg News reported Tuesday, citing people familiar with the matter.The investor meetings, hosted at Citigroup's office and arranged by major banks, are exploratory and not tied to a specific offering, the report said.The Japanese firm is reportedly considering raising $10 billion to $20 billion, the report said.Softbank, Citi, Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Japan's Preferred Networks Targets IPO After Reaching Profitability

Japanese AI chip startup Preferred Networks plans to go public within the next few years to raise funds for mass-producing semiconductors, Bloomberg News reported Monday, citing CEO Daisuke Okanohara.The Tokyo-based company intends to deliver new chip samples in the first half of next year and launch them commercially by December 2027, the news wire said.It aims to become profitable within three years before pursuing a listing, the report said.Preferred Networks builds industrial large language models and, through a joint venture, works with SoftBank (TYO:9984), Sony (TYO:6758), and Honda (TYO:7267) to develop a homegrown multimodal foundation model, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:6758TYO:7267TYO:9984

Japan Stocks Open Higher on U.S. Tech Rally

Japanese shares opened higher Monday morning, tracking the rally among semiconductor-related stocks in the US in the last session.The Nikkei 225 opened 579.5 points or 0.9% higher at 65,600.42.SoftBank Group (TYO:9984) led gains among Japan's tech stocks, rising as much as 7.8% in early trade.Markets now turn attention to U.S. inflation data this week, following Friday's stronger-than-expected jobs report that raised expectations for a Federal Reserve rate hike this month.

Nikkei 225TYO:9984

NEC, SB Payment Service, SB C&S Team Up for Facial Recognition Payment Service

NEC (TYO:6701), SB Payment Service and SB C&S have entered a partnership on facial recognition payment for the PayCas multi-payment service, according to a Friday release.SB C&S will integrate PayCas with the Bio-IDiom Services for SaaS feature, which uses NEC's Bio-IDiom biometric authentication core technology and facial recognition technology.Meanwhile, SB Payment Service will handle payment processing for the service.Users can register their facial data and credit card details through a website, allowing them to make payments using facial recognition without presenting a card or smartphone.The feature aims for more efficient checkout operations and a more comfortable shopping experience.The initiative is part of a strategic alliance in the biometric authentication field between SoftBank (TYO:9434) and NEC.SB Payment Service is a PSP company under SoftBank while SB C&S originated from the founding IT business of the SoftBank Group (TYO:9984).SoftBank will test implement the facial recognition payment service from Sept. 1 to Nov. 30 at its Takeshiba headquarters' employee cafeteria.Shares of SoftBank Group and NEC rose 9% and 2%, respectively, in recent trade.

TYO:6701TYO:9434TYO:9984

SoftBank Group's SB Energy Files for US IPO

SoftBank Group (TYO:9984) subsidiary SB Energy has filed for an initial public offering with the U.S. Securities and Exchange Commission, according to a statement on Tuesday.The data center developer aims to list on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol "SBE."The number of shares to be offered and price range are yet to be determined.The proposed IPO is contingent on market conditions and regulatory clearance, with no guarantee of timing or completion.J.P. Morgan, Goldman Sachs, Morgan Stanley, Citigroup, and Mizuho are the joint lead bookrunning managers.

Market Chatter: SoftBank Group Seeks $10 Billion OpenAI Refinancing Loan

SoftBank Group (TYO:9984) is pursuing a $10 billion two-year loan to help refinance a larger bridge loan tied to its OpenAI investment, the International Financing Review reported on Friday, citing an unnamed senior banker.This is part of a broader financing effort that would bring its total debt raised this year to nearly $90 billion, which includes a $6.05 billion one-year commitment line and a 1 trillion yen seven-year retail bond, the publication said.The Japanese tech giant is also seeking to expand and extend a separate $20 billion facility backed by its stake in Arm Holdings, the report said.Softbank Group did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Treasury20d ago

SoftBank Group Plans 1 Trillion Yen Bond Offering

SoftBank Group (TYO:9984) has filed for the issuance of 1 trillion yen of unsecured straight corporate bond, with final terms expected to be disclosed on Sept. 4, according to a filing on Monday.The seven-year bond, representing the 70th such issuance, was priced at 100% of par value and will carry an interest rate in the preliminary range of 4.30% to 4.90% per annum. The bond is set to mature on Sept. 16, 2033.The offering will be publicly available in Japan from Sept. 7 to 16, primarily targeting individual investors, with interest payments scheduled semi-annually on March 17 and Sept. 17.The bond is unsecured and unguaranteed, featuring a negative pledge clause, a transformation-to-secured clause, and a net worth maintenance covenant, with a syndicate of 11 underwriters.The bond, which will be rated A by the Japan Credit Rating Agency, is not registered under the U.S. Securities Act and will not be offered or sold in the U.S.

Market Chatter: SoftBank Group Plans 1 Trillion Yen Retail Bond Offering

SoftBank Group (TYO:9984) is mulling a 1 trillion yen retail bond offering in Japan, which would set a national record for the largest such issuance, Nikkei Asia reported on Wednesday.The offering marks the tech conglomerate's third retail debt sale this year, following issuances in April and June. The seven-year notes are expected to carry an interest rate in the upper 4% range, according to the report.If finalized, the transaction will eclipse the group's previous record retail issuance of 600 billion yen set in 2025.SoftBank Group did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

NVIDIA Invests $1.5 Billion in SoftBank-Backed SB Energy, Guarantees Ohio Data Center

NVIDIA has committed $1.5 billion to SB Energy, the renewable arm of SoftBank Group (TYO:9984), while also stepping in as the exclusive AI compute supplier for the firm's Ohio data center project, a facility OpenAI will lease.Through a partnership with SB Energy, NVIDIA has secured land, power, and shell (LPS) capacity at the PORTS-Pike Technology Campus in Pike County, Ohio, where it will house its compute infrastructure.OpenAI will serve as the anchor tenant, with SB Energy building, owning, and operating the facility under a 20-year lease agreement with the AI research firm, according to SB Energy's statement on Monday.The chipmaker will act as the exclusive AI compute provider at the campus, which launches with an initial 4.25 IT-GW deployment and offers expansion potential up to 8 IT-GW total.The project is expected to generate "tens of thousands" of jobs in Ohio and establish an $80 million community benefits fund.

Market Chatter: Nvidia in Talks for $3 Billion Investment in SoftBank's SB Energy Ahead of IPO

Nvidia is negotiating to invest up to $3 billion in SoftBank Group (TYO:9984) subsidiary SB Energy, which is developing an Ohio data center for OpenAI, The Information reported on Monday, citing people familiar with the discussions.Half of the funds would come at the project's signing, with the remainder tied to SB Energy's planned IPO as soon as next month, which could raise at least $5 billion, the news portal said.The energy infrastructure firm, which also counts OpenAI as a backer, is building multiple campuses to meet surging AI-driven data demands, the publication said.Nvidia and SB Energy did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan Earnings Wrap: Resonac, Nintendo Climb; Softbank Group Slips

Japanese stocks reporting earnings traded mixed on Friday, with gains led by chemical manufacturers and video game console makers, while technology investment companies declined.Resonac's (TYO:4004) shares jumped over 5% after attributable profit for the first half soared 147% to 48.5 billion yen.Earnings per share increased to 240.25 yen while revenue rose 5.4% to 676.9 billion yen.The chemicals manufacturer forecasts an attributable profit of 112.5 billion yen, basic EPS of 606.32 yen, revenue of 1.165 trillion yen, and a total dividend of 65 yen per share for the fiscal year ending Dec. 31.The company revised the forecast for revenue in a downward manner as the Crasus Chemical segment will be treated as a discontinued operation after its planned partial spinoff in 2026, according to a separate filingNintendo's (TYO:7974) shares gained nearly 4% after reporting profit attributable to owners surged 54% to 147.4 billion yen for the fiscal first quarter.The video game giant's earnings per share increased to 127.88 yen but net sales fell 9.5% to 517.8 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable profit of 310 billion yen, earnings per share of 268.90 yen, and net sales of 2.05 trillion yen.SoftBank Group's (TYO:9984) shares declined 6% after fiscal first quarter earnings came in lower. It posted an 18% year-over-year decline in attributable net income for the three months ended June to 347.3 billion yen.The tech-focused investment holding group's EPS was 59.85 yen while net sales rose 11% to 2.020 trillion yen. The company plans to pay interim and year-end dividends of 5.50 yen per share each for the current year.

TYO:4004TYO:7974TYO:9984

Japanese Stocks Fall as Investors Turn Cautious on AI Spending; Oil Steady on US-Iran Deal Hopes

Japanese stocks fell on Thursday as investors grew cautious over artificial intelligence spending and sustainability fears, dragging down chipmakers after a record rally on Wednesday.The benchmark Nikkei 225 closed down 617.18 points, or 0.93%, at 65,683.26.Oil remained stable a day after the US announced a temporary pause in strikes on Iran, raising hopes for a possible US-Iran deal to end conflict in the Middle East.On the corporate side, SoftBank Group (TYO:9984) posted an 18% year-over-year decline in attributable net income for the fiscal first quarter to 347.3 billion yen from 421.8 billion yen, according to a Tokyo Stock Exchange filing on Thursday.Also, NTT (TYO:9432) posted a 5.8% year-over-year increase in profit attributable to owners to 274.8 billion yen for the three months ended June 30 from 259.7 billion yen.

Nikkei 225TYO:9432TYO:9984

SoftBank Group's Quarterly Profit Falls Nearly 18% Despite 282% Jump in Investment Gains

US Markets38d ago

SoftBank Group's Quarterly Profit Falls Nearly 18% Despite 282% Jump in Investment Gains

SoftBank Group (TYO:9984) reported a 17.7% year-over-year drop in attributable profit in the fiscal first quarter ended June 30 despite a surge in investment gains, including from Intel.Profit attributable to shareholders slumped to 347.3 billion yen from 421.8 billion yen a year earlier. Earnings per share slipped to 59.85 yen from 72.82 yen, according to its financial statement published Thursday.Net sales rose 10.9% to 2.02 trillion yen from 1.82 trillion yen last year, boosted by increased sales at its SoftBank mobile and broadband services unit and at its AI Computing segment.Meanwhile, the drop in profit came despite total investment gains nearly quadrupling to 1.859 trillion yen from 486.9 billion yen. The Investment Business of Holding Companies segment booked a 1.382 trillion yen gain, almost entirely from a 1.333 trillion yen gain on Intel shares after the chipmaker's stock price jumped to $139.63 as of the June quarter from $44.13 in the March quarter.Gains at SoftBank Vision Funds fell 30.3% to 460.1 billion yen, as a strong ByteDance-driven gain of $2.2 billion was offset by losses at its Vision Fund 2 related to declines in the share prices of PayPay and Symbotic.SoftBank's investment gains were offset by a 69.7% jump in selling, general and administrative expenses to 1.287 trillion yen on higher share-based compensation, particularly for Arm engineers, and its acquisition of semiconductor design firm Ampere.SoftBank also continued investing in OpenAI, making a $10 billion follow-on investment as part of its $30 billion comittment announced in February, bringing total investment in the ChatGPT developer to $44.6 billion.SoftBank does not provide earnings forecasts, citing the difficulty of predicting results due to "numerous uncertainties affecting earnings."The company maintained its dividend forecast of 11 yen per share for the full fiscal year ending March 31, 2027.

SoftBank Group's Attributable Net Income Dips 18% Fiscal Q1; Shares Fall 4%

SoftBank Group (TYO:9984) posted an 18% year-over-year decline in attributable net income for the fiscal first quarter to 347.3 billion yen from 421.8 billion yen.EPS was 59.85 yen, compared with 72.82 yen a year earlier, according to a Tokyo bourse filing on Thursday.Net sales rose 11% to 2.020 trillion yen from 1.820 trillion yen for the three months ended June 30.The company plans to pay interim and year-end dividends of 5.50 yen per share each for the current year.Shares of the company slid more than 4% in recent trade.

Market Chatter: SoftBank-Backed OfBusiness Mulls $800 Million IPO in India

SoftBank Group (TYO:9984)-backed India-based technology supply chain and procurement platform operator OfBusiness is considering reviving plans for an $800 million initial public offering in India, Bloomberg News reported Wednesday, citing people familiar with the matter.The company expects to file its draft prospectus for the listing by November and is working with Axis Capital, Morgan Stanley, JPMorgan Chase, and Citigroup for the potential listing.SoftBank Group did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SoftBank Group's Attributable Net Income Rises Over 3% in Fiscal Q1

SoftBank Group (TYO:9984) reported net income attributable to owners of 150.1 billion yen in the fiscal first quarter ended June 30, up 3.3% from 145.3 billion a year earlier.Earnings per share rose to 3.07 yen from 2.97 yen a year earlier, the company said in a Tokyo bourse filing Tuesday.The Japanese multinational investment holding company's revenue grew 9.4% year on year to 1.815 trillion yen from 1.659 trillion yen.For the fiscal year ending March 31, 2027, SoftBank forecasts attributable net income of 560.0 billion yen, basic EPS of 11.54 yen, and revenue of 7.500 trillion yen.The company plans interim and year‑end dividends of 4.40 yen per share each for the current year, slightly above last year, the filing said.

SoftBank Group Raises 90 Billion Yen in Two-Tranche Bond Offering

SoftBank Group (TYO:9984) issued 90 billion yen in two tranches of unsecured bonds, with the proceeds to be used to redeem domestic bonds maturing on Sept. 11.The offering comprises 80 billion yen of three-year bonds with a 3.270% coupon and 10 billion yen of five-year bonds with a 3.886% coupon, according to a Wednesday filing with the Tokyo Stock Exchange.The three-year bonds mature on Aug. 3, 2029, while the five-year bonds mature on Aug. 4, 2031.

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