SoftBank Group Corp. (9984.T)
| Previous Close | 7,736.00 |
| Open | 7,920.00 |
| Bid | 7,876.00 x 0 |
| Ask | 7,888.00 x 0 |
| Day's Range | 7,846.00 - 7,964.00 |
| 52 Week Range | 4,854.00 - 9,386.00 |
| Volume | |
| Avg. Volume | 9,488,067 |
| Market Cap | 11.546T |
| Beta (5Y Monthly) | 0.81 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -382.82 |
| Earnings Date | May 13, 2024 |
| Forward Dividend & Yield | 44.00 (0.56%) |
| Ex-Dividend Date | Mar 28, 2024 |
| 1y Target Est | 10,382.10 |
ReutersSoftBank seen returning to loss in Q4 despite tech stock strength
Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings, its core asset, performing well over the quarter. Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm. The share price of Britain-based Arm, in which SoftBank has a 90% stake, roughly doubled in February after strong earnings results stoked investor excitement over Arm's anticipated gains from the adoption of generative artificial intelligence (AI), but Arm's share price does not feed into SoftBank's profit as it is a wholly-owned subsidiary.
Associated Press FinanceJapanese game maker Sega Sammy sells resort to US fund
Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday. Tokyo-based Sega Sammy Holdings, the company behind the “Sonic the Hedgehog” video games, said it will sell all its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan. The move, approved by the Sega Sammy board of directors, will result in a gain of about 8.5 billion yen ($55 million) in extraordinary income for the fiscal year through March 2025.
- Reuters
UPDATE 2-Mubadala Capital's $3 bln Fortress bid clears key US regulatory hurdle, FT reports
Abu Dhabi sovereign investor Mubadala Capital's $3 billion bid for New York-based Fortress Investment Group has cleared a significant U.S. regulatory hurdle after the parties agreed to important concessions, the Financial Times reported on Friday. The Committee on Foreign Investment in the United States (CFIUS) approved Fortress' sale of a majority equity interest to Mubadala, the newspaper said, citing three people familiar with the matter. The approval comes as Mubadala agreed to let Fortress commit to keeping technology and data in the U.S after it earlier pledged to waive day to day control over the investment group, the report said, adding that the concession comes amid Washington's increased focus on protecting US intellectual property.
