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    9434   JP3732000009

SOFTBANK CORP.

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SoftBank : Lippo Karawaci team up to develop smart city in Indonesia

11/29/2019 | 12:03am EDT

Japan'sSoftBank Corp. has partnered with major Indonesian developer PT Lippo Karawaci Tbk to use artificial intelligence and other leading-edge technologies in the local real estate and transport sectors, starting with the development of a smart city.

Under an alliance deal sealed Thursday in Jakarta, the duo will focus initially on Lippo Village under development by Lippo in Karawaci, Banten Province, 23 kilometers west of the capital, according to their joint statement.

They will introduce state-of-the-art security and traffic control systems in the village, including one for facial recognition to identify strangers entering there and another for counting the number of vehicles and identifying their type to help smooth traffic flow.

The statement said the partners will also cooperate in building a big data-analyzing system using AI technology for Lippo's shopping malls and hospitals to provide discount services to customers and smart healthcare to patients.

"We aim to develop Lippo Village as a model smart city in Southeast Asia," said Hidebumi Kitahara, SoftBank's vice president and head of global business strategy. (NNA/Kyodo)

==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 50 473 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.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
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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%
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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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