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

SOFTBANK CORP.

(9434)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/20
1355 JPY   -0.62%
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SoftBank : unit to begin Japan's 1st public road autonomous bus service

11/25/2020 | 03:48am EST

A SoftBank Corp. subsidiary said Wednesday it will launch Japan's first autonomous bus services on public roads in a town in Ibaraki Prefecture that has a rapidly aging population.

Boldly Inc., an autonomous vehicle operator, will launch the service on Thursday. A 9-passenger bus, driving at around 20 kilometers per hour, will make the five-kilometer round-trip journey around central Sakai.

Some support crew members, including one in the driver's seat, will be aboard, as Japanese traffic laws prohibit unmanned vehicles from operating on public roads.

"We would like to expand our services across the country to provide more useful mobility," Boldly Chief Executive Officer Yuki Saji said at a ceremony for the launch of the bus service.

The autonomous bus will initially run four round trips a day, and Boldly, along with the local government, plan to eventually expand the service to as many as five routes depending on demand, they said.

The local municipality, with a population of about 24,000, said it has earmarked 520 million yen ($5 million) to help fund the bus service for five years through March 2025, as an aging workforce at local bus operators has left them facing a shortage of bus drivers.

"In a local town like Sakai, securing enough drivers to maintain public bus services has been getting difficult," Masahiro Hashimoto, mayor of Sakai, said at the ceremony. "Autonomous buses are what we have been looking for to offer mobility" to elderly people.

Saji told reporters that he has received inquiries from more than 100 local governments in Japan since plans for the autonomous bus service in Sakai were announced in January.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. -0.62% 1355 End-of-day quote.4.80%
SOFTBANK GROUP CORP. -0.73% 8694 End-of-day quote.7.89%
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Financials
Sales 2021 5 002 B 48 353 M 48 353 M
Net income 2021 506 B 4 895 M 4 895 M
Net Debt 2021 3 868 B 37 388 M 37 388 M
P/E ratio 2021 12,7x
Yield 2021 6,43%
Capitalization 6 374 B 61 518 M 61 616 M
EV / Sales 2021 2,05x
EV / Sales 2022 1,93x
Nbr of Employees 37 821
Free-Float 59,4%
Chart SOFTBANK CORP.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 593,08 JPY
Last Close Price 1 355,00 JPY
Spread / Highest target 77,1%
Spread / Average Target 17,6%
Spread / Lowest Target -20,3%
EPS Revisions
Managers and Directors
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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