SoftbBank Image

SoftBank Group Corp.

SoftBank Group Corp.

SoftBank was established in Tokyo, Japan, on September 3, 1981. In May 2015, SoftBank was ranked in the Forbes Global 2000 list as the 62nd largest public company in the world. Between 2009 and 2014.

SoftbBank Image

It’s market capitalization increased by 557%, the fourth largest relative increase in the world over that period. At the starting of 2015, the company was the third largest public company in Japan after Toyota and Mitsubishi UFJ Financial.

SoftBank’s corporate  includes various other companies such as Japanese broadband company SoftBank BB, data center company IDC Frontier, gaming company GungHo Online Entertainment, and the publishing company SB Creative.

It has various partnerships in Japanese subsidiaries of foreign companies such as Yahoo!, E-Trade, Ustream.tv, EF Education First and Morningstar. SBI Group is a Japanese financial services company that began in 1999 as a branch of SoftBank.

SoftBank was the only official carrier of the iPhone in Japan until the release of iPhone 4S when it became available on au by KDDI as well.

On July 6, 2013, the United States Federal Communications Commission approved SoftBank’s acquisition of the American Sprint Corporation for $22.2 billion for a 78% ownership interest in Sprint. The acquisition involved payment of $17.2 billion in cash to Sprint shareholders, with the balance $5 billion as capital contribution. The transaction was financed by the way of cash and a bridge loan from a consortium of banks.

SoftBank Group Corp.

In May, 2015, Masayoshi Son said he would appoint Nikesh Arora, a former Google executive, as Representative Director and President of SoftBank. Arora has been heading SoftBank’s investment arm.

In June 2015, SoftBank announced it would invest $1 billion in the Korean e-commerce website Coupang as part of its overseas expansion plans.

In June 2016, Nikesh Arora stepped down as president of SoftBank amidst pressure from investors. Board member Ron Fisher and Baer Capital Partners founder Alok Sama stepped in to manage Arora’s overseas investment duties.

SoftBank Group Corp. at a glance

Tokyo Shiodome Building is the Softbank’s headquarters

Type:     Public

Traded as:           TYO: 9984 OTC Pink: SFTBF

Industry :             Telecommunications

Founded :           September 3, 1981; 34 years ago

Headquarters :  Tokyo, Japan

Key people:        Masayoshi Son

(Chairman & CEO & COO)

Products :  Fixed line and mobile telephony, Internet services, digital television

Revenue :           ¥9.15 trillion (FY2015)

Operating income : ¥999.5 billion (FY2015)

Net income :      ¥474.1 billion (FY2015)

Total assets :      ¥20.7 trillion (FY2015)

Total equity :      ¥2.6 trillion (FY2015)

Number of employees :    69,154 (2016)

Subsidiaries:       SoftBank Corp. (99.99%)

Sprint Corporation (80%)

SB Creative

Yahoo! Japan (35%)

GungHo Online Entertainment (58.5%)

Supercell (75%)

ARM Holdings

Website:  www.softbank.co.jp

SoftBank Group Corp.

 

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