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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank : Ex-SoftBank employee indicted over alleged info leakage to Russia

02/14/2020 | 04:23am EDT

A former employee of SoftBank Corp. was indicted Friday on a charge of illegally acquiring company secrets, prosecutors said, in violation of Japan's unfair competition prevention law.

Yutaka Araki, 48, is alleged to have obtained the information from a computer server at SoftBank on Feb. 18 last year, and provided the major mobile carrier's proprietary information to a Russian diplomat in Japan.

Araki, who was arrested in January, has admitted to receiving money in exchange for the information he kept on data storage devices, investigators have said.

The police had requested through the Foreign Ministry that the Russian Embassy present Anton Kalnin, the second-highest official at the Trade Representation of the Russian Federation in Japan, and another official whom they suspect of having been involved in the theft.

However, Kalnin left for Russia on Monday, while the other official had returned to Russia in 2017.

SoftBank, a unit of SoftBank Group Corp., has said the leaked information was "low in confidentiality" and related to manuals for mobile phone base stations and other communications facilities. The company fired Araki in December.

==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.
More recommendations
Financials
Sales 2022 5 599 B 50 473 M 50 473 M
Net income 2022 520 B 4 691 M 4 691 M
Net Debt 2022 4 124 B 37 171 M 37 171 M
P/E ratio 2022 14,5x
Yield 2022 5,43%
Capitalization 7 458 B 67 366 M 67 227 M
EV / Sales 2022 2,07x
EV / Sales 2023 1,99x
Nbr of Employees 37 821
Free-Float 58,1%
Chart SOFTBANK CORP.
Duration : Period :
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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