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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  SoftBank Corp.    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank under-reported income by $380 million, source says

08/03/2020 | 11:56pm EST
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

SoftBank Group Corp under-reported income to Japan's tax authorities by around 40 billion yen ($380 million) in the financial year ended March 2019, a person with knowledge of the matter said, requiring the conglomerate to resubmit filings.

The under-reported income was offset by losses recorded that year, the person said, meaning no additional tax was paid.

SoftBank was told it booked expenses in the wrong period, made calculation errors when converting foreign denominated debt and under-reported income at overseas affiliates, SoftBank said without providing details.

SoftBank's domestic wireless unit, SoftBank Corp , was also told it under-reported income by 3 billion yen (21.64 million pounds) due to booking expenses in the wrong period, a spokesman for the telco said.

It paid additional tax of more than 1 billion yen, the spokesman said.

By Sam Nussey


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 1.07% 1280 End-of-day quote.-12.30%
SOFTBANK GROUP CORP. 1.74% 7381 End-of-day quote.55.19%
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Financials
Sales 2021 4 994 B 48 139 M 48 139 M
Net income 2021 508 B 4 901 M 4 901 M
Net Debt 2021 3 858 B 37 191 M 37 191 M
P/E ratio 2021 12,0x
Yield 2021 6,82%
Capitalization 6 029 B 57 671 M 58 118 M
EV / Sales 2021 1,98x
EV / Sales 2022 1,85x
Nbr of Employees 37 821
Free-Float 59,2%
Chart SOFTBANK CORP.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 609,23 JPY
Last Close Price 1 280,00 JPY
Spread / Highest target 87,5%
Spread / Average Target 25,7%
Spread / Lowest Target -15,6%
EPS Revisions
Managers
NameTitle
Ken Miyauchi Executive President, CEO & Representative Director
Masayoshi Son Chairman
Yasuyuki Imai Co-COO, Representative Director & Executive VP
Jun Shimba Co-COO, Representative Director & Executive VP
Kazuhiko Fujihara Chief Financial Officer & Director
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