Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Z Holdings Corporation
  6. News
  7. Summary
    4689   JP3933800009

Z HOLDINGS CORPORATION

(4689)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank Corp to spend $4 billion to up Yahoo Japan stake, sees profit rising 24 percent

05/08/2019 | 04:39am EST
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) - Japanese telco SoftBank Corp said on Wednesday it would spend $4 billion to up its stake in Yahoo Japan and turn the internet company into a subsidiary, which would help boost its profit by 24 percent this year.

The telco said it would buy 456.5 billion yen ($4.2 billion) worth of new shares to be issued by Yahoo Japan, increasing SoftBank Corp's stake to 44.64 percent from 12.08 percent.

With that addition, SoftBank Corp, which listed in December in Japan's largest ever initial public offering, forecast its operating profit would rise 24 percent to 890 billion yen in the current financial year.

The deal will strengthen cooperation between SoftBank Corp, Japan's third largest telco, and Yahoo Japan, an internet heavyweight in areas such as news and shopping.

Concern over the outlook for the telco, which faces government pressure to cut carrier fees and competition from new entrant Rakuten, has kept the share price below its IPO price. The stock closed up 0.6 percent ahead of the earnings.

But some analysts still see the telco as well positioned to weather the price squeeze as it targets data-heavy smartphone users with premium-priced plans while offering low-cost options for thrifty customers under separate branding.

The telco reported a 17 percent drop in quarterly operating profit to 84.5 billion yen from a year earlier, missing analysts' expectations even as revenue grew.

That compared with a 93 billion yen average of three analyst estimates compiled by Refinitiv.

SoftBank Corp, with its ample cashflow, is a key indicator of the health of parent SoftBank Group, which reports its fourth-quarter earnings on Thursday.

(Reporting by Sam Nussey; Editing by Himani Sarkar and Sonali Paul)

By Sam Nussey


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
RAKUTEN, INC -2.55% 1072 Delayed Quote.-4.68%
SOFTBANK CORP. 0.69% 1457 Delayed Quote.-0.52%
SOFTBANK GROUP CORP. 0.60% 5530 Delayed Quote.1.16%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.26% 114.623 Delayed Quote.-0.83%
Z HOLDINGS CORPORATION -1.30% 608 Delayed Quote.-7.70%
All news about Z HOLDINGS CORPORATION
01/12Z Holdings Cleared for Listing on Prime Market of Tokyo Exchange
MT
01/11Z : Notice Regarding Transition to the Prime Market in the New Market Segments
PU
01/10Z : Receives the Highest Rating of AAA in the MSCI ESG…
PU
2021Nikkei marks best year-end close since 1980s bubble
RE
2021Nikkei heads for best year-end close since 1980s bubble
RE
2021Japan's Nikkei tracks Wall Street advance, tech stocks lead gains
RE
2021Nikkei 225 Edges Up 0.2% in Thin Trading
MT
2021Z : Yahoo! JAPAN Publishes Media Transparency Report Summarizing …
PU
2021Japanese shares jump on bargain hunting, chip sector shines
RE
2021Z : LINE Establishes LINE NEXT Corporation to Expand NFT Ecosyste…
PU
More news
Analyst Recommendations on Z HOLDINGS CORPORATION
More recommendations
Financials
Sales 2022 1 570 B 13 700 M 13 700 M
Net income 2022 94 481 M 824 M 824 M
Net Debt 2022 - - -
P/E ratio 2022 48,9x
Yield 2022 0,94%
Capitalization 4 618 B 40 567 M 40 291 M
Capi. / Sales 2022 2,94x
EV / Sales 2023 2,69x
Nbr of Employees 22 531
Free-Float -
Chart Z HOLDINGS CORPORATION
Duration : Period :
Z Holdings Corporation Technical Analysis Chart | 4689 | JP3933800009 | MarketScreener
Technical analysis trends Z HOLDINGS CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 608,00 JPY
Average target price 842,92 JPY
Spread / Average Target 38,6%
EPS Revisions
Managers and Directors
Kentaro Kawabe President, Co-CEO & Representative Director
Takeshi Idezawa Representative Director & Co-CEO
Ryosuke Sakaue Group CFO & Senior Managing Executive Officer
Chiaki Fujimon Group Chief Technology Officer
In-Joon Hwang Chief Global Investment Office
Sector and Competitors
1st jan.Capi. (M$)
Z HOLDINGS CORPORATION-7.70%41 101
ALPHABET INC.-3.71%1 853 587
BAIDU, INC.3.86%53 786
NAVER CORPORATION-9.64%42 843
YANDEX N.V.-13.49%18 761
SOGOU INC.9.82%3 471