35 stories mentioning TYO:9984
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SoftBank Group (TYO:9984) completed the early redemption of its U.S. dollar-denominated 4.000% senior notes due July 6, according to a Tokyo bourse filing on Wednesday.The Japan-based conglomerate said following the redemption on Tuesday, the notes issued in 2021 have been fully redeemed and canceled, with no notes outstanding.
SoftBank Group's (TYO:9984) plans to raise about $6 billion through a margin loan backed by its stake in OpenAI have stalled, weeks after the Japan-based multinational investment group reduced its fundraising target from $10 billion.Bloomberg News reported Wednesday, citing people familiar with the matter, that the conglomerate is evaluating alternative financing options and may revive margin-loan talks at a later stage.During the earlier talks with potential lenders, the group secured about $5 billion in margin loan commitments, and the pause comes amid OpenAI's confidential filing for an initial public offering in the US, according to the report.Meanwhile, SoftBank's $60 billion commitment to OpenAI is under investor scrutiny amid growing competition in artificial intelligence and concerns over the future of AI business, the news outlet reported.(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 (TYO:9984) has finalized the terms for its issuance of hybrid notes featuring an optional interest payment deferral mechanism, according to a Tokyo bourse filing on Friday.The total offering amount is set at 260 billion yen, with a denomination of 1 million yen per note.The 35-year notes carry an initial fixed interest rate of 5.12% per annum for the first five years. Thereafter, the rate will transition to a floating structure based on one-year Japanese government bond (JGB) yields plus a 3.16% spread, with step-up interest increases kicking in at specific intervals over the life of the instrument.Rated BBB+ by the Japan Credit Rating Agency, the hybrid notes will be publicly offered primarily to individual investors from June 8 to June 18, with an issue date scheduled for June 19.The offering is underwritten by a syndicate led by managers including SMBC Nikko, Mitsubishi UFJ Morgan Stanley, SBI Securities, and Nomura Securities.Proceeds from the issuance will be used to partially replace U.S. dollar-denominated hybrid notes that reach their first voluntary call date in July 2027. SoftBank intends to replace any early-redeemed notes with instruments offering equivalent equity treatment.
PayPay, a unit of SoftBank Group (TYO:9984), has agreed to acquire 70.2% of T&D Financial Life Insurance from T&D Holdings for an 134.3 billion yen, according to Tokyo bourse filings on Thursday.The acquisition aims to add life insurance to PayPay's existing suite of cashless payments, credit cards, banking, and securities services for over 74 million registered users.One Investment Management, an independent asset manager, intends to acquire a separate 14.9% stake in T&D Financial Life through an affiliate.Under a planned shareholders' agreement, PayPay will hold a call option on the remaining 14.9% stake held by T&D Holdings, which will also hold a put option exercisable after three years.The consummation, scheduled for Oct. 1, 2027, is subject to regulatory approvals, an IFRS transition plan at T&D Financial Life, and other conditions precedent.By combining T&D Financial Life's customer base with PayPay's digital platform and embedded insurance expertise, the group aims to create new digital life insurance experiences and provide comprehensive financial services across users' life stages.The impact on SoftBank's consolidated financial results is currently under review.
Japanese shares extended their opening gains to close stronger on Wednesday, crossing the 68,000 level, driven by the positive movement in the broader Asian markets and the local government's initiatives to uplift the economy.The Nikkei 225 index surged 1,667.89 points, or 2.5%, to finish at a record 68,402.13.Japan's cabinet authorized a 3.1 trillion yen additional budget aimed at shielding households from inflation worsened by the Middle East conflict, Bloomberg News reported Wednesday.As per the report, the supplementary package establishes a 2.5 trillion yen reserve fund to offer subsidies for countering higher commodity prices, including gasoline.Investors are also keenly eyeing Bank of Japan Governor Kazuo Ueda's planned speech for hints on the outlook for interest rates.Media reports quoted Finance Minister Satsuki Katayama as saying that the government "will respond appropriately at any time as necessary" on the falling value of the yen.On the corporate side, SoftBank Group's (TYO:9984) telecom unit SoftBank Corp. has been shortlisted for a potential bid on Blackstone's payments services provider SP.LINKS Inc., Bloomberg reported Wednesday, citing sources.Also, Sakai Moving Service's (TYO:9039) May sales rose 4.7% from a year earlier to 8.12 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
SoftBank Group's (TYO:9984) telecom unit SoftBank Corp. has been shortlisted for a potential bid on Blackstone's payments services provider SP.LINKS Inc., Bloomberg reported Wednesday, citing people familiar with the matter.The group, which will compete against an unnamed private equity fund, has until mid-July to place a bid, with the sellers seeking a price tag of 100 billion yen, the report said.Blackstone owns 80% o the business, with the remaining held by a unit of Sony Financial Group (TYO:8729).(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.)
Sumitomo Mitsui Financial Group (TYO:8316) subsidiary SMBC Nikko is considering launching a 100 billion yen mezzanine fund to help finance big acquisitions in Japan, Bloomberg News reported Monday, citing people familiar with the matter.Mezzanine financing falls between a senior loan by conventional financial institutions and equity financing using common shares.The fund plans to invest in subordinated loans and preferred shares for Japanese acquisition deals, the report said.SMBC Nikko is teaming up with alternative asset manager One Investment as a partner and is looking for institutional investors outside of Japan to raise money for the fund, the report said, citing some of the sources.Sumitomo Mitsui Financial Group and One Investment reportedly declined to comment on the matter.(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.)
Japanese shares crossed a record high of 67,000 in Monday's trade to close higher, tracking Asian peers that also posted gains driven by optimism over investments in artificial intelligence.The Nikkei 225 pared early gains to close up 604.83 points or 0.9% at 66,934.33.The focus on technology stocks helped overcome caution around the slow progress in the negotiations for a peaceful resolution of the ongoing geopolitical tensions in Iran.The gains were led by the SoftBank Group (TYO:9984), the investment company that focuses heavily on AI, closing up over 14% after extending its gains from last week. The surge in the company's share price on Monday helped SoftBank to push its market capitalization to over 47 trillion yen, making it the most valuable company on the Tokyo exchange for the first time in over two decades.It was also reported that on Sunday, SoftBank Group (TYO:9984) has committed to developing and operating 5 gigawatts of artificial intelligence data center capacity in France, with a pledge to invest up to 75 billion euros.Also, Japanese technology group Kioxia Holdings Corp (TYO:285A) closed higher by over 10%.In other corporate news, Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.Also, Shionogi & Co's (TYO:4507) has received the US Food and Drug Administration's approval for its Xocova or ensitrelvir as the first and only oral antiviral for post-exposure prophylaxis of COVID-19 in individuals aged 12 and older, according to a Tokyo bourse filing on Monday.
SoftBank Group (TYO:9984) plans to invest up to 75 billion euros to develop and operate 5 gigawatts of artificial intelligence data center capacity in France, marking the company's largest AI infrastructure commitment in Europe.The first phase involves a 45-billion-euro investment to build 3.1 GW of AI data center capacity in the Hauts-de-France region by 2031, according to a press release on Saturday.The initial projects will be located in Dunkirk, Bosquel, and Bouchain, with SoftBank planning additional sites across France to expand high-performance computing capacity for AI applications."AI is entering a new era, and the countries that build the infrastructure for this transformation will shape the future of technology, industry and society," Chairman and Chief Executive Masayoshi Son said."SoftBank is proud to make this major commitment to France. With its industrial capabilities, talent base and national ambition, France is uniquely positioned to become a leading AI infrastructure hub in Europe," he added.The facilities are expected to support demand from AI companies, cloud providers, enterprises, public institutions, and research organizations.As part of the initiative, SoftBank will partner with Schneider Electric to establish an industrial production cluster at the Port of Dunkirk.The cluster will include a SoftBank-operated facility to manufacture data center enclosures and a Schneider Electric-operated plant to produce integrated power modules for AI infrastructure.Schneider Electric Chief Executive Olivier Blum said the partnership would help accelerate the deployment of high-performance and energy-efficient AI infrastructure.The investment is expected to create thousands of jobs across engineering, energy systems, robotics, operations, maintenance, and advanced manufacturing.The announcement was made as part of the 2026 Choose France summit hosted by French President Emmanuel Macron and comes as Europe seeks to expand AI computing capacity and strengthen technological sovereignty to better compete with the U.S. and China.However, realizing this ambitious scale will require massive capital beyond SoftBank's initial commitment. The Financial Times noted that industry benchmarks place the total cost of every 1GW of AI infrastructure, including land, construction, power and IT equipment, at about $50 billion. SoftBank's vision hinges on securing additional funding from yet-to-be-revealed financial partners, the FT said.SoftBank's shares jumped 14% in Tokyo trading on Monday. The rally propelled SoftBank's market capitalization past 48 trillion yen, allowing it to overtake Toyota Motor (TYO:7203) as Japan's most valuable publicly traded company.The milestone dethrones the automaker from the top spot for the first time in over two decades, according to reports. Toyota's shares fell 4.5% on Monday, with its market capitalization falling to 45.8 trillion yen.
Shares of SoftBank Group (TYO:9984) rose sharply in Monday's early trading session, pushing its market capitalization to over 47 trillion yen, making it the most valuable company on the Tokyo exchange for the first time in over two decades.The tech conglomerate's stock jumped over 10% to 8,259 yen at 11:30 am in Tokyo on Monday.SoftBank has overtaken the long-time leader, Toyota Motor (TYO:7203), and now holds a market value of 45.7 trillion yen.Toyota's shares fell 4.8% in recent trade.
SoftBank Group (TYO:9984) will redeem all of its outstanding USD-denominated 4% Senior Notes, at par on June 9, in accordance with their terms and conditions, according to a Tokyo bourse filing on Thursday.The notes, which were issued on July 6, 2021, carry an interest rate of 4% per annum and have a maturity date of July 6, 2026.The total outstanding principal amount subject to redemption is $669.3 million, representing 100% of the issued amount, and the redemption price will be 100% of par.The early redemption, scheduled approximately one month before the original maturity date, will see SoftBank retire the entire remaining balance of the 2021 issuance.
Japanese shares started the week on a high with the Nikkei 225 breaking records by crossing 65,000 intra-day to close in the green, after oil prices plunged following U.S. President Donald Trump saying discussions with Iran on ending the war are progressing.The Nikkei 225 closed up 1,777.80 points or 2.8% at 65,116.87.In a post on social media platform Truth Social, Trump said negotiations with Iran were "proceeding in an orderly and constructive manner."Investor sentiment was also boosted by the decline in oil prices as the US and Iran are looking to be closer to a peace agreement, leading to optimism over the opening of the Strait of Hormuz for crude oil trade.Crude oil prices dipped below $100 a barrel to about $96 a barrel.On the domestic front, Japan's gold exports surpassed 4 trillion yen for the first time in fiscal 2025, reaching a record 4.08 trillion yen, pushed by rising prices due to heightened global instability, Nikkei Asia reported on Monday.It was also reported that Japan's financial regulator is urging listed companies to use more of their large cash reserves for long-term investments instead of buybacks and dividends, according to a Bloomberg News report on Monday, citing a senior FSA official.On the corporate side, shares of Softbank Group (TYO:9984) closed up over 4% on Monday, after it revealed its plans to issue 260 billion yen in hybrid notes with optional interest payment deferral, mainly targeting individual investors in Japan.Also, Nissan Motor (TYO:7201) shares closed up over 3% even as the company canceled plans to build a factory in Sunderland for producing e-axles, a key EV component, through its subsidiary Jatco, after poor sales of electric models in Europe, according to a Nikkei Asia report on Monday.
SoftBank Group (TYO:9984) plans to issue 260 billion yen in hybrid notes with optional interest payment deferral, mainly targeting individual investors in Japan.The 35-year notes, tentatively priced at 4.80%-5.60% for the first five years before switching to a floating rate, feature a step-up interest provision and can be redeemed early starting June 2031, according to a Tokyo bourse filing on Monday.While treated as interest-bearing debt for accounting purposes, the notes receive 50% equity treatment from rating agencies due to their long maturity, subordination, and deferral options.Proceeds will help replace U.S. dollar-denominated hybrid notes reaching their first call date in July 2027. The offering runs from June 8 to June 18, with final terms to be set on June 5.
SoftBank Group-backed (TYO:9984) SB Energy plans to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, according to a press release on Wednesday.This submission relates to a proposed initial public offering of the company's common stock in the United States, the power infrastructure company said in the release.The actual offering and its timing remain subject to market conditions, various considerations, and the completion of the SEC's review process, the release said.
Hon Hai Precision Industry (TPE:2317), also known as Foxconn, posted higher first-quarter profit as booming artificial intelligence server demand drove record revenue.Net profit attributable to the parent company rose 19% to NT$49.9 billion in the January-to-March period, the company said Thursday.Earnings per share came in at NT$3.56 from NT$3.03 in the corresponding period last year.Revenue climbed 29% to a record NT$2.12 trillion.Nvidia's largest AI server supplier and Apple's main iPhone assembler said rapid growth in AI server demand reshaped its revenue mix, with its cloud and networking business accounting for nearly half of group revenue during the quarter.Foxconn's rotating Chief Executive, Michael Chiang, said artificial intelligence continued to underpin the company's growth outlook as major cloud service providers ramp up spending on AI infrastructure."AI remains the most important growth driver this year," Chiang said on an earnings call, according to Reuters. He added that major cloud service providers have recently increased capital spending plans."AI is not a short-term theme, but a structural transformation of the industry," Chiang said.The company forecast significant quarter-over-quarter and strong year-over-year growth in the second quarter, supported by sustained AI demand, while maintaining its full-year outlook for strong growth.Foxconn said AI rack shipments are expected to more than double this year, with quarterly shipment volumes rising sequentially as customer projects advance.The company also said shipments and revenue from high-speed switches above 800G could double this year as AI data centers increasingly adopt faster networking architectures.Capital expenditures rose about 27% year over year to NT$174 billion last year and are expected to increase by more than 30% this year as Foxconn expands regional manufacturing capacity, automation deployment, and core infrastructure.Foxconn's growing AI infrastructure ambitions come as SoftBank (TYO:9984) has reportedly begun discussions with Nvidia and Foxconn on plans to develop "made-in-Japan" artificial intelligence servers, according to a Nikkei report earlier this month.The report said SoftBank aims to establish a domestic AI server production framework by the end of the decade, initially assembling externally sourced components before eventually expanding into full-scale server manufacturing.Foxconn has also been expanding its footprint in electric vehicles, recently deepening its push into Europe through a strategic partnership with Poland's state-backed ElectroMobility Poland.
Arm Holdings and parent SoftBank Group (TYO:9984) approached AI chipmaker Cerebras Systems about a potential acquisition ahead of its planned initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter.The preliminary approach was rejected weeks before Cerebras' expected IPO, according to the report.Cerebras is expected to price its offering Wednesday at a valuation of about $34 billion. The company is selling 30 million shares in a deal that could raise about $4.8 billion amid strong investor demand for AI-related listings, the report said.SoftBank has been expanding its semiconductor investments, including its $6.5 billion acquisition of Ampere Computing late last year. Arm is also pushing deeper into AI chips as it expands beyond its traditional licensing business, according to the report.Cerebras develops large wafer-scale AI processors and is positioning itself as a rival to Nvidia. Customers include OpenAI, the report said.(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 (TYO:9984) attributable profit surged 334% in fiscal 2025 following gains from its artificial intelligence investments in the year.The Japanese technology investor logged an attributable profit of 5.002 trillion yen, up from 1.153 trillion yen in the year-ago period.Earnings per share soared to 873.51 yen in the year ended March 31 from 195.20 yen a year earlier.Sales jumped 7.7% to 7.799 trillion yen from 7.244 trillion yen in the previous fiscal year.Total gain on investments surged 97% to 7.286 trillion yen from 3.701 trillion yen a year earlier.Investment gains at the holding company reached 218.1 billion yen, down 94% from 3.414 trillion yen a year earlier. The yields follow a 339.1-billion-yen investment gain in NVIDIA shares, 278.6-billion-yen investment gains in Intel shares, and 264.9 billion yen from the derivatives related to the OpenAI Forward Contract, Softbank said.Cumulative investment in OpenAI reached $34.6 billion, comprising a fair value of $79.6 billion, with total investment gains reaching $45 billion.The investment company committed to a new $30 billion follow-on investment in OpenAI in February.Gains from its SoftBank Vision Funds soared to 6.639 trillion yen from 387.6 billion yen a year ago.Income taxes reached 502.9 billion yen during the year, up 395% from 101.6 billion yen a year earlier.For fiscal 2026, the company looks to pay a dividend of 11 yen per share.
SoftBank Group's (TYO:9984) net income attributable to owners of the parent soared 334% to 5.002 trillion yen in the fiscal year 2025 from 1.153 trillion yen a year earlier.The investment holding and internet services company's earnings per share increased to 872.47 yen from 194.85 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales climbed 7.7% to 7.799 trillion yen for the year ended March 31 from 7.244 trillion yen in the prior year.The company declared a final dividend of 5.50 yen per share.For fiscal year 2026, SoftBank plans to pay interim and year-end dividends of 5.50 yen per share each.
SoftBank Group (TYO:9984) is considering an investment of up to $100 billion in France as part of its artificial intelligence infrastructure expansion, Bloomberg News reported on Monday, citing unnamed sources.Founder Masayoshi Son has discussed launching a major AI data center project there with President Emmanuel Macron in the coming weeks, the news wire said.Any final commitment, however, may be lower depending on how Son prioritizes other projects, the publication said.SoftBank Group did not reply to' query at press time.(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 (TYO:9984) founder Masayoshi Son is weighing a major AI data center investment in France following talks with French President Emmanuel Macron, Bloomberg reported Monday, citing people familiar with the matter.The project could involve billions of dollars and may be unveiled within weeks, possibly at the Choose France Summit. Son has discussed investing up to $100 billion in France, although the scale remains under review, according to the report.The talks come as SoftBank expands its global AI infrastructure efforts, including planned data center projects in the US and the Stargate venture with OpenAI and Oracle, the report said.Macron has pushed to position France as a center for AI development, citing the country's energy capacity and support for local AI companies such as Mistral AI, 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.)
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