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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank sets price in telco stake sale worth $11.7 billion

09/14/2020 | 05:31am EDT
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

SoftBank Group Corp said on Monday it set the offering price for the sale of shares in wireless carrier SoftBank Corp at 1,204.50 yen per share, giving the sale a value of 1.24 trillion yen ($11.7 billion) including over-allotment.

SoftBank Group said late last month it would slash its stake in Japan's third-biggest wireless carrier to 40%, part of a wave of asset sales by the group as it builds up cash.

Seperately on Monday the group announced the sale of chip designer Arm to Nvidia Corp in a deal that will raise up to $40 billion.

(Reporting by Sam Nussey; editing by Jason Neely and Louise Heavens)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NVIDIA CORPORATION -0.10% 745.55 Delayed Quote.42.91%
SOFTBANK CORP. -0.18% 1410 End-of-day quote.9.05%
SOFTBANK GROUP CORP. -0.80% 7834 End-of-day quote.-2.78%
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More news
Financials
Sales 2021 5 136 B 46 592 M 46 592 M
Net income 2021 511 B 4 635 M 4 635 M
Net Debt 2021 4 136 B 37 522 M 37 522 M
P/E ratio 2021 13,4x
Yield 2021 6,10%
Capitalization 6 608 B 59 931 M 59 947 M
EV / Sales 2021 2,09x
EV / Sales 2022 1,98x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1 656,79 JPY
Last Close Price 1 410,00 JPY
Spread / Highest target 56,0%
Spread / Average Target 17,5%
Spread / Lowest Target -17,0%
EPS Revisions
Managers and Directors
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK CORP.9.05%60 005
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SAFARICOM PLC20.44%15 457
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TELE2 AB7.60%9 448