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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank to launch lower data usage fees following rival NTT Docomo

12/21/2020 | 08:08am EDT

SoftBank Corp., a wireless carrier unit of SoftBank Group Corp., will offer a 20-gigabyte monthly data usage plan for 2,980 yen ($29) under its budget brand following rival NTT Docomo Inc.'s move to cut fees, sources close to the matter said Monday.

SoftBank will introduce the new charge plan under its group mobile phone service operator Line Mobile, the sources said. NTT Docomo said earlier in the month it will offer the same data usage service at the same price with unlimited calls up to five minutes.

SoftBank will hold an online press conference Tuesday morning about details of the new plan.

The two wireless carriers' moves reflect growing pressure from the government to slash mobile phone charges, as Prime Minister Yoshihide Suga said they are higher than those in other countries.

SoftBank unveiled a plan in October to offer a 20-gigabyte monthly plan for 4,480 yen under another budget brand, Y!Mobile, from late December but was forced to change its strategy due to intensifying competition.

KDDI, operator of the "au" brand, has said it will offer a similar plan for around 4,000 yen per month, but expects to disclose new cheaper plans next month.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 1.42% 3285 End-of-day quote.24.17%
SOFTBANK CORP. 0.28% 1600 End-of-day quote.23.74%
SOFTBANK GROUP CORP. 1.82% 6661 End-of-day quote.-17.34%
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Analyst Recommendations on SOFTBANK CORP.
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Financials
Sales 2022 5 599 B 50 899 M 50 899 M
Net income 2022 520 B 4 731 M 4 731 M
Net Debt 2022 4 124 B 37 484 M 37 484 M
P/E ratio 2022 14,6x
Yield 2022 5,38%
Capitalization 7 512 B 68 362 M 68 285 M
EV / Sales 2022 2,08x
EV / Sales 2023 2,00x
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.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 600,00 JPY
Average target price 1 656,79 JPY
Spread / Average Target 3,55%
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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