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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank : Ex-SoftBank employee found guilty of passing secret info to Russia

07/09/2020 | 03:08am EDT

A former employee of SoftBank Corp. was found guilty Thursday of illegally acquiring the mobile phone operator's confidential information.

The Tokyo District Court sentenced Yutaka Araki, 48, to two years in prison, suspended for four years, and fined him 800,000 yen ($7,400). The prosecutors had sought a two-year jail term and 1 million yen fine.

In handling down the ruling, Judge Ryota Akamatsu said Araki committed a "malicious" crime as he "took advantage of his position, which gave him access to business secrets" and tried to cover his tracks.

Araki accessed a computer server at SoftBank via a computer from his home near Tokyo, obtaining the confidential information in February and March 2019, according to the ruling. The judge said Araki was paid 200,000 yen per session.

Prosecutors this month dropped the case against Anton Kalinin, a former Russian diplomat in Japan who allegedly asked Araki to get the information, as he had left Japan and there was little chance of him returning if requested to do so.

Police had requested through the Foreign Ministry that the Russian Embassy present Kalinin before he left for Russia.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 3.49% 1584.5 End-of-day quote.22.54%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
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Analyst Recommendations on SOFTBANK CORP.
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Financials
Sales 2022 5 599 B 50 557 M 50 557 M
Net income 2022 520 B 4 699 M 4 699 M
Net Debt 2022 4 124 B 37 233 M 37 233 M
P/E ratio 2022 14,5x
Yield 2022 5,43%
Capitalization 7 439 B 67 196 M 67 169 M
EV / Sales 2022 2,07x
EV / Sales 2023 1,99x
Nbr of Employees 37 821
Free-Float 58,1%
Chart SOFTBANK CORP.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 584,50 JPY
Average target price 1 656,79 JPY
Spread / Average Target 4,56%
EPS Revisions
Managers and Directors
Junichi Miyakawa President, CEO & Representative Director
Kazuhiko Fujihara Chief Financial Officer & Director
Ken Miyauchi Chairman
Takashi Tsutsui Chief Scientist & Managing Executive Officer
Keiichi Makizono Chief Information Officer
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