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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank to accelerate its business expansion into Asia by utilizing ADA's sales and customer support structure, as well as its data and AI business expertise in the region

05/11/2021 | 09:21am EDT

SoftBank Corp. (TOKYO: 9434, 'SoftBank') today announced that it is forming a capital and business alliance with Axiata Digital Advertising Sdn. Bhd. ('ADA'), a Kuala Lumpur-based data and AI company that offers integrated digital marketing solutions in nine Asian countries (Malaysia, Singapore, Indonesia, Thailand, Cambodia, Philippines, Sri Lanka, Bangladesh and South Korea).

ADA is a group company of Axiata Group Berhad ('Axiata Group'), a major telecommunications operator in Asia. As part of the agreement, SoftBank will invest approximately 60 million USD in ADA, giving it a 23.1% stake in the company. Furthermore, Daichi Nozaki, SoftBank Vice President and Head of the Enterprise Business Unit's Global Business Division, will join the ADA board in mid-May 2021.

Through this alliance, SoftBank will utilize ADA's sales and customer support structure, as well as its data and AI business expertise, to accelerate its digital marketing business across Asia. SoftBank will also work with ADA to generate synergies with its own solutions and those provided by its group companies. In addition to other services, SoftBank offers the customer data platform 'Treasure Data CDP,' and its group company LINE Corporation provides a varied lineup of services to enterprises. In partnership with ADA, SoftBank will propose and provide solutions that incorporate ADA's solutions and know-how to Asian companies to support their digital marketing activities.

ADA's strength is led by its proprietary technology IP consisting of 375 million unique consumer profiles across the region. The company uses this deep data to help business and brands alike design digital marketing strategies and support execution, and also offer consulting in the utilization of first party data. Additionally, ADA offers marketing technology solutions to help businesses scale up their digital maturity; and end-to-end eCommerce solutions that optimize conversions throughout the customer funnel.

Based on its Beyond Carrier strategy, SoftBank is expanding beyond the traditional telecommunications carrier business by providing innovative services across a wide range of industry sectors and focusing on digital transformation (DX) initiatives by co-creating with partner companies. This alliance with ADA will promote SoftBank's Beyond Japan initiative for business expansion abroad. ADA offers a wide range of services in the digital marketing field, and by combining them with the diversified solutions and technologies of SoftBank and its group companies, both companies expect to generate significant synergies.

About ADA

ADA is a data and artificial intelligence company that designs and executes integrated digital, analytics, and marketing solutions.

Operating across nine markets in South and Southeast Asia, ADA partners with leading brands to drive their digital and data maturity, and achieve their business goals. We are anchored on the following main services:

Providing business insights, data enrichment, and advanced analytics

Understanding the consumer mindset and designing data-driven creative marketing strategies

Executing end-to-end digital marketing solutions for growth hacking, funnel optimization, and goal optimization

ADA complements its unique digital expertise with deep proprietary data of 375 Million consumers.

SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.

Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP 0.00% 3.87 End-of-day quote.3.48%
SOFTBANK CORP. 0.07% 1459.5 End-of-day quote.12.88%
SOFTBANK GROUP CORP. 0.47% 7261 End-of-day quote.-9.89%
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Financials
Sales 2022 5 544 B 50 257 M 50 257 M
Net income 2022 516 B 4 677 M 4 677 M
Net Debt 2022 4 154 B 37 652 M 37 652 M
P/E ratio 2022 13,4x
Yield 2022 5,91%
Capitalization 6 840 B 61 882 M 62 004 M
EV / Sales 2022 1,98x
EV / Sales 2023 1,89x
Nbr of Employees 37 821
Free-Float 57,9%
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 459,50 JPY
Average target price 1 648,89 JPY
Spread / Average Target 13,0%
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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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