SoftBank Group Corp. reported a third-quarter FY21 revenue growth of 6 percent Y/Y to ¥1.6 trillion ($13 billion). Arm revenue grew 20.6 percent Y/Y to ¥66 billion ($571 million). The gross profit expanded 12.5 percent Y/Y to ¥841.9 billion ($362 million). SoftBank’s net income declined 95.1 percent Y/Y to ¥59.2 billion ($512 million). EPS was ¥11.43….
Yahoo Japan Tells Employees to Work Remotely and Fly to Office When Needed
Yahoo Japan is offering employees an option to work from anywhere in the country, said the company recently, as the pandemic irrevocably and fundamentally alters the global work landscape. The internet company informed its 7,100 employees that they don’t need to regularly come to the office, and in circumstances when they are required to, they could…
SoftBank to Borrow $4 Billion From Apollo-Led Group
December 22, 2021
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SoftBank Group Corp is borrowing nearly $4 billion from a group led by private equity giant Apollo Global Management Inc , a source familiar with the matter said, as the conglomerate looks to increase cash on hand after its finances came under pressure. The loan, to be secured by SoftBank’s $40 billion Vision Fund 2,…
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