SoftBank Group Corp. (SBG) has announced plans to invest 1 trillion yen (approximately $9 billion) over four years to bolster Japan's next-generation mobile networks. The company's chairman and CEO, Masayoshi Son, revealed the strategy during the Japan Mobile Network Forum held on March 15, 2024.
This significant investment is part of SoftBank's commitment to enhancing 5G infrastructure and advancing research and development efforts for even more advanced mobile technologies. Beyond improving speed and reliability for consumers, the initiative aims to drive innovation across various sectors, including automotive, healthcare, and entertainment.
“Our mission is to lead Japan’s tech industry by creating the most advanced 5G network,” Son stated during his keynote address at the forum. “Mobile technology is the backbone of modern society, and our investment reflects our belief in its transformative power.”
According to industry experts, this injection of capital is expected to create thousands of jobs, ranging from network engineers to research scientists, as companies like SoftBank intensify their search for talent to support these ambitious projects. Analysts forecast significant economic growth stemming from improved telecommunications capabilities.
With the world steadily moving toward more connected experiences—including the Internet of Things (IoT)—the race is on between countries to develop superior mobile technologies. Japan, with its rich history of technological innovation, is determined not to be left behind. Son's announcement asserts SoftBank’s intent to position itself—and its home nation—at the forefront of this digital revolution.
SoftBank is not alone; competitive pressure from firms like NTT Docomo and KDDI compels continuous investment in infrastructure. NTT Docomo announced its own plans for enhancing 5G services, with significant funding focused on urban areas to improve speeds and service accessibility.
The government is also taking steps to support this industry push. Minister for Internal Affairs and Communications, Takeaki Matsumoto, highlighted the significance of these investments, stating, “We need to work with private enterprises like SoftBank to establish Japan as the global leader in telecommunications and mobile technologies.”
SoftBank’s increased investment is anticipated to span several key projects, including the establishment of advanced data centers and collaboration with research institutions. Son emphasized collaborative efforts saying, “Partnerships with universities and tech firms can catalyze innovation and accelerate the rollout of cutting-edge mobile solutions.”
Son's long-term vision extends beyond immediate financial returns. He pointed out the upcoming 2025 World Expo to be held in Osaka as a pivotal moment for showcasing Japan’s advancements. The expo presents opportunities for SoftBank and other tech companies to demonstrate their innovative mobile solutions on the world stage.
Investors have reacted positively to SoftBank's commitment, supporting its stocks and reflecting confidence in its future growth potential. The company's stock saw moderate gains following the announcement, indicating investor approval of the strategy.
Industry observers believe it will take time to see the full impact of this investment, but initial steps are being made toward realizing faster, more reliable networks for the benefit of consumers and businesses alike. “The groundwork laid today will determine the technological stature of Japan for decades to come,” said technology analyst Hiroo Takahashi.
Despite the challenges inherent to the telecommunications sector—such as rising competition, regulatory scrutiny, and global supply chain disruptions—SoftBank’s ambitious plan stands as a bold statement of confidence. Masayoshi Son’s comments encapsulate the company’s resolve: “This investment will reinvigorate the Japanese mobile industry and set the stage for unprecedented technological growth. We fully intend to deliver.”
