Misplaced Pages

#149850

53-723: Shirokane is located in the southwestern part of Minato, Tokyo and one of the wealthiest neighborhoods in Japan. It is a quiet residential area that is abundant in undeveloped green space. This area is known for having the most expensive real estate fees for living in Japan. Shirokane borders the neighborhoods of Minami-Azabu , Shirokanedai , Takanawa and Ebisu . The Prefectural Highway 305 (Ebisu-dori) divides Shirokane into odd-numbered (1, 3, 5-chōmes) and even-numbered (2, 4, 6-chōmes) subdistricts designated as industrial and high-rise residential areas, respectively. Small factories and shopping streets are developed along Furukawa river , and upon

106-508: A "Vision Fund 2", excluding participation from the Saudi Arabia government and including investors Apple, Foxconn, Microsoft and others. The fund is reported to focus on AI-based technology and invest approximately $ 108 billion, including $ 38 billion of its own funds. In February 2020, however, a report from Wall Street Journal stated the fund would only up with less than half of that capital. On 8 June 2017, Alphabet Inc. announced

159-524: A $ 2.5 billion stake in Softbank and pushed for restructuring and more transparency, especially regarding its Vision Fund. Consequently, plans for a second Vision Fund were pushed back. In November 2019, it was announced that Line Corp. and Z Holdings were going to be a new subsidiary under Naver Corporation and SoftBank Group, their respective owners. The closing was delayed until March 2021 due to COVID-19. In March 2020, SoftBank announced that it

212-687: A $ 300 million SPAC in 2021, listing in Amsterdam. In July 2021, Softbank announced that it would acquire the Yahoo Japan brand from Verizon Communications for $ 1.6 billion. In August 2021, Son said he would begin to make personal investments alongside Softbank Group's Vision Fund 2 . In August 2022, Softbank said that it sold its entire Uber holdings in April–July 2022. It was also reported that Softbank exited Opendoor in that quarter. Five years after Masayoshi Son’s $ 100 billion fund entered

265-576: A $ 300m stake in WeWork. On 14 February 2017, SoftBank Group agreed to buy Fortress Investment Group LLC for $ 3.3 billion. In February 2017, it was announced that Social Finance Inc. was close to raising $ 500 million from an investor group led by Silver Lake , including Softbank. On 28 March 2017, the Wall Street Journal reported that SoftBank Group Corporation had approached Didi Chuxing Technology Co. about investing $ 6 billion to help

318-675: A 40% stake in AutoStore for $ 2.8 billion and in July 2021, it announced it would invest $ 870 million in the Korean hotel booking platform Yanolja. In May 2021, Softbank stated it would sell SB Energy India to Adani Green Energy, valuing the unit at $ 3.5 billion. The sale is speculated to mark a shift in the company's trajectory, moving away from investments in solar energy towards companies dealing with artificial intelligence. Later that month, Bloomberg reported that Vision Fund could go public via

371-796: A 51% stake in Supercell for a reported $ 2.1 billion. Later on 25 October 2014, they invested $ 210 million in OlaCabs , $ 627 million in Snapdeal with a 30% stake in the company on 28 October 2014, and a $ 100 million investment in Housing.com for a 30% stake in November 2014. In 2013, the company bought a controlling stake in French company Aldebaran Robotics, which was rebranded SoftBank Robotics. In 2014, teams from both companies co-designed Pepper ,

424-474: A dominant site in the country. In another highly publicized investment, SoftBank bought 80% of memory manufacturers Kingston Technology in 1996. When the owners-founders (John Tu and David Sun) announced plans to distribute $ 100,000,000 of the $ 1.5B windfall to Kingston employees, it created a very high-profile media stir that lasted well through the 1996 Christmas season; it was on all US networks, as well as international media. A few years later, in 1999, after

477-490: A humanoid robot. In 2015, SoftBank increased its stake to 95%. In 2015, SoftBank acquired DramaFever . In May 2015, Masayoshi Son said he would appoint Nikesh Arora , a former Google executive, as Representative Director and President of SoftBank. Arora had been heading SoftBank's investment arm. On 1 June 2015, SoftBank acquired an additional 22.7% stake in Supercell, increasing its total stake to 73.2% and becoming

530-1227: A multitude of markets and industries ranging from the internet to automation. With over $ 100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East . The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son . Its investee companies, subsidiaries and divisions, including several unprofitable unicorns , operate in robotics, artificial intelligence, software, logistics, transportation, biotechnology, robotic process automation , proptech , real estate, hospitality, broadband , fixed-line telecommunications, e-commerce , information technology , finance, media and marketing, and other areas. Among its most internationally recognizable current stockholdings are stakes in Arm (semiconductors), Alibaba (e-commerce), OYO Rooms (hospitality), WeWork (coworking) and Deutsche Telekom (telecommunications). SoftBank Corporation, its spun-out affiliate and former flagship business,

583-674: A new subsidiary and brand from Yahoo! Japan, Ymobile Corporation . On 15 October 2012, SoftBank announced plans to take control of American Sprint Nextel by purchasing a 70% stake for $ 20 billion. On 6 July 2013, the United States Federal Communications Commission approved SoftBank's acquisition for $ 22.2 billion for a 78% ownership interest in Sprint. On 6 August 2013, SoftBank bought 2% more shares of Sprint Corporation, increasing its ownership stake to 80%. In October 2013, SoftBank acquired

SECTION 10

#1732791216150

636-463: A planned $ 200 billion project with SoftBank Group to build the world's biggest solar-power-generation project would be put on hold. In November 2018, SoftBank announced it would make an IPO of SoftBank Corp., the telecommunications operator, with the cost of share of $ 13.22 (which is 1,500 yen). The offer of the shares was going to last for a month. Regarding the number of shares, the total value of SoftBank Corp. will reach $ 21.15 billion, which would be

689-433: A record $ 36.99 billion profit from its Vision Fund unit and investment gains via the public market debut of Coupang . SoftBank Group's net profit was $ 45.88 billion (¥4.99 trillion). It was the largest recorded annual profit by a Japanese company in history. The same month, Softbank's Vision Fund 2 announced investment in the eToro SPAC merger PIPE of $ 650 million. In April 2021, Softbank announced plans to acquire

742-617: A record 14.2% of shares, valued at $ 4.4bn, to boost investor confidence. On 31 March 2016, they announced they would sell shares worth $ 7.9 billion of their stake in Alibaba Group. On 21 June 2016, SoftBank sold its 84% stake in Supercell for a reported US$ 7.3 billion to Tencent . On 3 June 2016, Softbank agreed to sell most of its stake in GungHo Online Entertainment (approximately 23.47%) for about $ 685 million, ending Softbank's majority ownership. The offer

795-420: A subsidiary of SBI's holding company, making SBI independent. On 1 October 2006, Vodafone Japan changed its corporate name and service brand name to "SoftBank Mobile" and "SoftBank" respectively. On 28 January 2008, it was announced that SoftBank and Tiffany & Co. collaborated in making a limited 10 model-only phone. This phone contains more than 400 platinum diamonds, totaling more than 20 carats. The cost

848-722: A value of US $ 40 billion in stock and cash. This would become the largest semiconductor acquisition to date. SoftBank Group would retain a 10% share in the company, while ARM would maintain its headquarters in Cambridge]]. But this deal collapsed due to regulatory hurdles. In December 2020, Hyundai Motor Group acquired an 80% stake of Boston Dynamics from SoftBank for approximately $ 880 million. SoftBank retains about 20% through an affiliate. In January 2021, SoftBank sold $ 2 billion in Uber Technologies shares through affiliate firm SB Cayman. In March 2021, SoftBank made

901-455: Is a special ward of Tokyo , Japan. It is also called Minato City in English. Minato was formed in 1947 as a merger of Akasaka , Azabu and Shiba wards following Tokyo City 's transformation into Tokyo Metropolis . The modern Minato ward exhibits the contrasting Shitamachi and Yamanote geographical and cultural division. The Shinbashi neighborhood in the ward's northeastern corner

954-459: Is attached to the core of Shitamachi , the original commercial center of Edo-Tokyo. On the other hand, the Azabu and Akasaka areas are typically representative Yamanote districts. As of 1 July 2015 , Minato had an official population of 243,094, and a population density of 10,850 persons per km . The total area is 20.37 km . Known as one of Tokyo's largest business areas, Minato

1007-399: Is home to the headquarters of many large domestic companies, including Honda , Mitsubishi Motors Corporation , NEC , Nikon , SoftBank Group , Sony and Fujitsu . Minato is also known for being one of the wealthiest residential areas in Japan, and for its relatively high concentration of foreign expats due to the number of embassies and multinational corporations located in and around

1060-486: Is said to be more than 100,000,000 yen. On 3 February 2010, SoftBank acquired 13.7% in Ustream . On 1 October 2010, Ayumi Hamasaki became the commercial spokesperson. On 3 October 2012, the takeover of competitor eAccess was announced. On 1 July 2013, SoftBank announced that Willcom was a wholly-owned subsidiary, after the termination of rehabilitation proceedings. eAccess was merged with Willcom, which resulted in

1113-510: Is the third-largest wireless carrier in Japan , with 45.621 million subscribers as of March 2021. SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world and the second-largest publicly traded company in Japan after Toyota . The logo of SoftBank is based on the flag of the Kaientai , a naval trading company founded in 1865, near the end of

SECTION 20

#1732791216150

1166-565: The Institute of Medical Science in Shirokanedai , these areas form one of the largest green districts in the special wards of Tokyo. This large green area dates back to daimyō's mansions which existed in Edo period ; later, industrialists made their residences in this place, which gave rise to the well-known upper-class neighborhood. During the Ōei era (1394–1428), a government official of

1219-545: The Public Investment Fund of Saudi Arabia (PIF), the kingdom's main sovereign wealth fund, partnered to create the Softbank Vision Fund, the world's largest private equity fund with a capital of $ 93 billion. Softbank Group contributed $ 28 billion to the investment fund, of which $ 8.2 billion came from the sale of approximately 25% of British multinational Arm Holdings shares. Saudi Arabia is

1272-776: The Southern Dynasty who settled here became wealthy. His nickname was Shirokane Chōja (白金長者), which means "man who possesses much 'white gold' " (白金), a reference to silver . Thus the name of this location is the "Silver District". Minato City Board of Education operates public elementary and junior high schools. Shirokane 1 and 3-6 chōme and 2-chōme 1-5-ban are zoned to Shirogane-no-oka Gakuen ( 白金の丘学園 ) for elementary and junior high school. 2-chome 6-7 ban are zoned to Shirokane Elementary School ( 白金小学校 ) and Takamatsu Junior High School ( 高松中学校 ). Upper secondary schools: Colleges and universities: Minato, Tokyo Minato ( 港区 , Minato-ku ) [minato]

1325-564: The Tokugawa shogunate , by Sakamoto Ryōma . Although SoftBank does not affiliate itself to any traditional keiretsu , it has close ties with Mizuho Financial Group , its primary lender. SoftBank was founded in September 1981 as SOFTBANK Corp by then-24-year-old Masayoshi Son , initially as a software distributor. The company entered the publishing business in May 1982 with the launches of

1378-497: The 1990s, Son made large investments in Internet services and the so-called new economy in general. SoftBank bought COMDEX from The Interface Group on 1 April 1995 for $ 800 million and ZDI on 29 February 1996. SoftBank sold COMDEX to Key3Media, a spin-off of Ziff Davis , in 2001. In 1996, SoftBank formed a joint venture with American internet company Yahoo! , creating Yahoo! Japan (now LY Corporation ), which would become

1431-1054: The Air China Building in Minato. Asiana Airlines operates a sales office on the sixth floor of the ATT New Tower Building. Hawaiian Airlines has its Japan offices in the Eagle Hamamatsuchō Building ( イーグル浜松町ビル , Īguru Hamamatsuchō Biru ) in Minato. Iran Air has its Tokyo office in Akasaka. Japanese companies that formerly had headquarters in Minato include Air Next , Airtransse , Asatsu , Jaleco Holding , Ricoh , Toa Domestic Airlines (later Japan Air System and later Japan Air Lines), On 22 December 2008 operations of Seiko Epson 's Tokyo sales office began at Seiko Epson's Hino Office in Hino, Tokyo . Previously operations were at

1484-616: The German used-car sales portal Auto1. On 1 March 2018, Softbank's Vision Fund led a $ 535 million investment in DoorDash . In May 2018, CEO Masayoshi Son revealed during an earnings presentation that Walmart had reached a deal to buy Flipkart. On 27 September 2018, Softbank announced the investment of $ 400 Million in Home-Selling Startup Opendoor . In September 2018, Saudi government officials announced that

1537-1920: The Minato City Board of Education (港区教育委員会). Combined elementary and junior high schools: Junior high schools: Elementary schools: Former schools: There are also a variety of private schools, including: The city operates the Minato Library, the Mita Library, the Azabu Library, the Akasaka Library, the Takanawa Library, and the Konan Library. The metropolis operates the Tokyo Metropolitan Library Central Library in Minato. The library opened in 1973. Companies with headquarters in Minato include Air Nippon , All Nippon Airways (ANA), ANA & JP Express , All Nippon Airways Trading, Animax , Asmik Ace Entertainment , Bandai Namco Holdings , Brainlab , Cosmo Oil Company , COVER Corporation , Daicel , Dentsu , Euglena (company) , Fujifilm , Fuji Xerox , Fujitsu , Haseko , Hazama Ando , Honda , Japan Tobacco , Kajima , Kaneka Corporation , Konami , KYB Corporation , Kyodo News , Mitsubishi Motors , Mitsui Chemicals , Mitsui O.S.K. Lines , Mitsui Oil Exploration Company , NEC , Nippon Sheet Glass , NYK Line , Obayashi Corporation , Oki Electric Industry , Pizza-La , The Pokémon Company , THK , Toagosei , Toraya Confectionery , Sato Pharmaceutical , Sega Sammy Holdings , Sigma Seven , Sony , SUMCO , Toraya Confectionery , Toyo Suisan (owns

1590-451: The Oh! PC and Oh! MZ magazines, about NEC and Sharp computers respectively. Oh!PC had a circulation of 140,000 copies by 1989. It would go on to become Japan's largest publisher of computer and technology magazines and trade shows. In 1994, the company went public , valued at $ 3 billion. In September 1995, SoftBank agreed to purchase US-based Ziff Davis publishing for $ 2.1 billion. In

1643-773: The World Trade Centre in Minato. Several countries operate their embassies in Minato. Tokyo's main ferry terminal is located adjacent to Takeshiba Station on the Yurikamome, due east of JR Hamamatsucho Station . SoftBank Group SoftBank Group Corp. ( ソフトバンクグループ株式会社 , SofutoBanku Gurūpu Kabushiki gaisha ) is a Japanese multinational investment holding company headquartered in Minato, Tokyo, Japan which focuses on investment management . The group primarily invests in companies operating in technology that offer goods and services to customers in

Shirokane - Misplaced Pages Continue

1696-553: The area. Notable neighborhoods and districts of Minato include Akasaka , Aoyama , Azabu , Roppongi and Toranomon . Minato is located southwest of the Imperial Palace and has boundaries with the special wards of Chiyoda , Chūō , Kōtō (in Odaiba), Shinagawa , Shibuya , and Shinjuku . The ward was founded on 15 March 1947, with the merger of Akasaka , Azabu , and Shiba Wards. Various names were considered for

1749-698: The branch Maruchan ), TV Tokyo , WOWOW , and Yazaki . In addition ANA subsidiary Air Japan has some offices in Minato. The Japanese division of CB&I , the Japanese division of Aramark and Aim Services, Google Japan , Yahoo! Japan , and the main Japanese offices of Hanjin and Korean Air are located there. Air France operates an office and ticketing counter in the New Aoyama Building in Minato. The Japanese division of Deutsche Post, DHL. Air France's Minato office handles Aircalin -related inquiries. Air China has operations in

1802-458: The financial world to much fanfare, Softbank’s venture firm was crumbling and on the verge of collapse. Its large venture vehicles struggled badly, performing in the bottom of the asset class, and many of Son’s closest associates in the effort had departed from the company. In February 2023, Toyota Tsusho announced that it had bought the controlling interest in SB Energy, which would become

1855-520: The majority ownership due to a decision made by Softbank to sell off the stake to the local partner. For Q2 of 2020, the company's revenues were $ 12 billion. The firm announced that it would be arranging a new fund worth $ 555 million. The fund will be used to invest in various companies, including Amazon , Apple and Facebook . In September 2020, SoftBank Vision Fund 2 led a $ 100 million Series C round in Biofourmis. Also in September 2020, Softbank

1908-485: The market for memory softened substantially, SoftBank sold the company back at a loss to the original owners for about a third of the original price. In October 1999, SoftBank became a holding company . In 2000, SoftBank made its most successful investment – $ 20 million to a then-fledgling Chinese Internet venture called Alibaba . This investment turned into $ 60 billion when Alibaba went public in September 2014. In February 2000, SoftBank Ventures Asia

1961-475: The new T-Mobile's shares, while 43% of shares are held by Deutsche Telekom. The remaining 33% will be held by others. In May 2020, Alibaba 's co-founder and former CEO Jack Ma resigned from the board. In July 2020, SoftBank announced that it was considering selling or IPOing British chip designer Arm Holdings , which has been in a feud with the Chinese over control of its local subsidiary, but it did not have

2014-440: The new ward, such as Atago , Aoyama , Aoba , Iikura , Mita , and Higashiminato . Higashiminato was chosen, meaning "East Harbor", but then Higashi was cut leading to the name Minato , simply meaning "harbor". Per Japanese census data, the population has recently begun rising after decades of rapid decline. In June 2024, Ai Seike beat Masaaki Takei  [ jp ] in mayoral elections. Takei, mayor since 2004,

2067-794: The principal investor in the fund, its Public Investment Fund (PIF) agreed to inject $ 45 billion into the Vision Fund over 5 years, becoming its largest investor. Other investors include Apple , Qualcomm , Arm , Foxconn , Sharp , Larry Ellison and Mubadala . The latter agreed to invest $ 15 billion dollars in the fund, targeting artificial intelligence, communications infrastructure, financial technology, consumer internet, mobile computing and robotics. Through Softbank Vision Fund, CEO Masayoshi Son explained his intent to invest in all companies developing technologies emphasizing global artificial intelligence , including sectors such as finance or transportation. In July 2019, SoftBank announced creating of

2120-465: The programme was unveiled, Softbank share price rose almost 19%. The program included a plan to repurchase ¥2tn of its shares in addition to the ¥500bn buyback it promised 10 days prior. Combined, SoftBank would be repurchasing 45% of its stock. On April 1, 2020, Sprint completed its merger of Sprint Corporation and T-Mobile US,, which was majority-owned by Deutsche Telekom, leaving T-Mobile the parent company. The merger also led to Softbank holding 24% of

2173-632: The ride-hailing firm expand in self-driving car technologies, with the bulk of the money to come from SoftBank's planned $ 100 billion Vision Fund. On 18 May 2017, it was reported that Softbank had completed its single largest investment in India to date, investing $ 1.4 billion in Paytm . At the time, Softbank was also working on a takeover of Snapdeal by Flipkart . On 10 August 2017, Softbank invested $ 2.5 billion in Flipkart. On 27 May 2017, Softbank and

Shirokane - Misplaced Pages Continue

2226-530: The sale of Boston Dynamics (robotics companies whose products include BigDog ) to SoftBank Group for an undisclosed sum. On 25 August 2017, SoftBank finalized a $ 4.4 billion investment in WeWork. On 24 October 2017, Son announced the group would collaborate with Saudi Arabia to develop Neom , the new high-tech business and industrial city of the Saudi Kingdom. On 14 November 2017, Softbank agreed to invest $ 10 billion into Uber . On 29 December 2017, it

2279-713: The second-largest IPO ever made. In December 2018, SoftBank invested in ParkJockey . The startup attempts to monetize parking lots. After the investment round, general valuation of the ParkJourney reached $ 1 billion. In December 2018, SoftBank announced its intention to invest $ 1 billion on ride-hailing startup Grab . Some sources said that the total amount of investment could reach $ 1.5 billion. On September 25, 2019, Softbank Robotics launched Whiz robotic vacuum cleaner in Singapore. In September 2019, WeWork's IPO

2332-466: The sole external shareholder of the company. In June 2015, SoftBank announced it would invest US$ 1 billion in the Korean e-commerce website Coupang as part of its overseas expansion plans. In July 2015, SoftBank announced the renaming of the company from SoftBank Corp to SoftBank Group Corp. Meanwhile, SoftBank Mobile was renamed to SoftBank Corp, the now-former name of the company as a whole. On 16 February 2016, SoftBank announced they would repurchase

2385-547: The southern hill a quiet residential area is developed with apartments and schools such as Seishin Joshi Gakuin . The recent opening of a subway allowed the area centered at Shirokane-Takanawa Station to undergo a large redevelopment. There are forest areas owned by academic institutions and private companies such as Seishin Joshi Gakuin and the Kitasato Institute. With the Institute for Nature Study and

2438-551: The then United States President-elect Donald Trump , chief executive Masayoshi Son announced SoftBank would be investing US$ 50 billion in the United States toward businesses creating 50,000 new jobs. On 30 January 2017, the Wall Street Journal wrote that SoftBank Group was "weighing an investment of well over $ 1 billion in shared-office space company WeWork , in what could be among the first deals from its new $ 100 billion technology fund." On 20 March, SoftBank bought

2491-424: Was canceled. In December 2019, Softbank sold its interest in dog-walking startup Wag at a loss. Tadashi Yanai , Fast Retailing 's CEO and Japan's richest man at the time, left the board after 18 years. In January 2020, multiple Softbank-funded startups started cutting their staff, including Getaround , Oyo, Rappi , Katerra and Zume . In February 2020, Elliott Management , an activist hedge fund, bought

2544-449: Was completed by 22 June. In June 2016, Nikesh Arora stepped down amidst pressure from investors. Board member Ron Fisher and Baer Capital Partners founder Alok Sama undertook Arora's overseas investment duties. One month later, Son announced the company's largest deal ever to buy British chip designer Arm Holdings for more than US$ 32 billion. This acquisition was completed on 5 September 2016. On 6 December 2016, after meeting with

2597-715: Was founded under the leadership of Masayoshi Son to focus on investment in Korean-based Internet companies. On 28 January 2005, SoftBank became the owner of the Fukuoka SoftBank Hawks , a Nippon Professional Baseball team. On 17 March 2006, SoftBank announced its agreement to buy Vodafone Japan , giving it a stake in Japan's $ 78 billion mobile markets. In April 2006, SoftBank purchased a 23% stake in Betfair , an Internet betting exchange. In August 2006, SoftBank sold all its shares of SBI Group to

2650-460: Was identified as the Nasdaq whale, where it bought stock options valued in the billions, betting on higher prices for the biggest technology companies. That month, SoftBank sold Brightstar Corporation to Brightstar Capital Partners for an undisclosed amount. American chip design company Nvidia announced plans on September 13, 2020, to acquire ARM from SoftBank, pending regulatory approval, for

2703-431: Was launching an emergency ¥4.5tn ($ 41bn) asset sale to fund a share buyback and debt reduction. The effort was initiated by Son in order to stem a collapse in the company’s share price due to the pandemic, "This programme will be the largest share buyback and will result in the largest increase in cash balance in the history of SBG [SoftBank Group], reflecting the firm and unwavering confidence we have in our business.". After

SECTION 50

#1732791216150

2756-543: Was reported that a SoftBank-led consortium had invested $ 9 billion into Uber. The deal, to close in January 2018, would leave SoftBank as Uber's biggest shareholder, with a 15 percent stake. The deal was secured after Uber shareholders voted to "sell their shares to the Japanese conglomerate at a discounted price." Beyond SoftBank, consortium members included Dragoneer , Tencent, TPG and Sequoia . On 14 January 2018, Softbank's Vision Fund announced to invest $ 560 million in

2809-679: Was seeking his sixth term and received support from the Liberal Democratic Party and Komeito . Seike, previously a member of the ward assembly, is the first female mayor of Minato. The ward assembly has 34 members. Notes: - formerly part of Shiba Area - 1-chōme - 1, 2, 3-chōme - 2, 3-chōme - 4, 5-chōme The local public high schools are operated by the Tokyo Metropolitan Government Board of Education . The city's public elementary and junior high schools are operated by

#149850