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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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UPDATE2: Yahoo Japan operator, Line eye merger in 2020: sources

11/16/2019 | 12:43am EDT

SoftBank Corp.'s group company controlling Yahoo Japan Corp. and major messaging app provider Line Corp. are considering merging their operations by the end of 2020, sources familiar with the matter said Saturday.

Yahoo Japan operator Z Holdings Corp. under SoftBank, a mobile phone unit of SoftBank Group Corp., and Line will announce their merger plan possibly next week, the sources said.

SoftBank and Line hope to expand their internet businesses including online retailing, advertising and mobile phone services, the sources said.

In fiscal 2018 through March, Z Holdings posted group sales of 954.7 billion yen ($8.76 billion) while Line had sales of 207.1 billion yen in the business year ended last December.

The combined sales of Yahoo Japan and Line would be the largest among Japanese online business operators, surpassing those of e-commerce giant Rakuten Inc.

Line has about 164 million users of its messaging app in Japan, Taiwan and Southeast Asia, while more than 50 million people visit the Yahoo Japan website each month.

Z Holdings and Line plan to separately operate their smartphone payment services after aggressively investing for expansion in the fiercely competitive cashless payment service market.

Z Holdings' Paypay service has 19 million users, while Line Pay has 37 million users.

The companies will consider eventually merging their digital payment businesses depending on the outcome of an antitrust review, the sources said.

SoftBank and South Korea'sNaver Corp., the parent company of Line, are considering merging the units under a new joint company, other sources have said.

Line has expanded its business to online shopping and music distribution. It posted a group net loss of 33.9 billion yen in the nine months through September due to increased costs.

The messaging app provider expects to receive a capital injection from SoftBank to improve its financial footing.

Z Holdings recently invested about 400 billion yen to acquire a majority stake in online apparel retailer Zozo Inc.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 0.85% 1595.5 End-of-day quote.23.40%
SOFTBANK GROUP CORP. -1.39% 6542 End-of-day quote.-18.81%
Z HOLDINGS CORPORATION -0.51% 735.7 End-of-day quote.17.83%
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Analyst Recommendations on SOFTBANK CORP.
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Financials
Sales 2022 5 599 B 50 960 M 50 960 M
Net income 2022 520 B 4 737 M 4 737 M
Net Debt 2022 4 124 B 37 530 M 37 530 M
P/E ratio 2022 14,6x
Yield 2022 5,39%
Capitalization 7 491 B 68 302 M 68 175 M
EV / Sales 2022 2,07x
EV / Sales 2023 1,99x
Nbr of Employees 37 821
Free-Float 58,1%
Chart SOFTBANK CORP.
Duration : Period :
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 1 595,50 JPY
Average target price 1 656,79 JPY
Spread / Average Target 3,84%
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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