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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank : fined by China for violating anti-monopoly laws

03/12/2021 | 07:08am EDT

China's market regulator said Friday it had fined major Japanese wireless carrier SoftBank Corp. and 11 other companies 500,000 yuan ($76,500) for violating anti-monopoly laws.

SoftBank failed to report to the authorities in advance when it set up a joint venture with a group firm of Didi Chuxing, China's major ride-hailing service, the regulator said.

The 12 companies include China's leading internet search provider Baidu Inc. and Tencent Holdings Ltd., which operates the messaging and payment app WeChat that is believed to have more than a billion users around the globe.

The latest move came as Chinese President Xi Jinping has pledged to strengthen measures to curb the monopolistic behavior and disorderly capital expansion of IT giants in the country.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. -1.10% 1440 End-of-day quote.11.37%
SOFTBANK GROUP CORP. 4.08% 7020 End-of-day quote.-12.88%
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Financials
Sales 2022 5 544 B 50 606 M 50 606 M
Net income 2022 516 B 4 709 M 4 709 M
Net Debt 2022 4 154 B 37 913 M 37 913 M
P/E ratio 2022 13,2x
Yield 2022 5,99%
Capitalization 6 749 B 61 619 M 61 601 M
EV / Sales 2022 1,97x
EV / Sales 2023 1,87x
Nbr of Employees 37 821
Free-Float 57,9%
Chart SOFTBANK CORP.
Duration : Period :
SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 440,00 JPY
Average target price 1 648,89 JPY
Spread / Average Target 14,5%
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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