Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank : Online retailer THG plans to spin off and list beauty business in 2022

09/16/2021 | 04:22am EDT

Sept 16 (Reuters) - THG Plc will spin off and list its online beauty business next year, the British e-commerce company said on Thursday, as the unit focuses on growing its lineup of cosmetics and skin care products.

The company, which raised over $1 billion from Japan's SoftBank Group earlier this year, also said it was considering a separate listing of its nutrition business.

THG, which itself went public last year, said the listing would allow THG Beauty to grow its portfolio and build social media presence. The unit is home to brands including Lookfantastic, Cult Beauty and Dermstore.

The move is a part of the Manchester-based company's restructuring plan and comes just a month after it bought online beauty retailer Cult Beauty to bolster its digital presence.

"Today we also ... announce our commitment to list THG Beauty in 2022, which we believe will create further value for our shareholders," Executive Chairman and Chief Executive Officer Matthew Moulding said in a statement.

Jefferies analysts said THG could retain majority ownership in the listing, adding they expect "THG's ambitions on the valuation front to be certainly greater than" the brokerage's estimate of 1.8 times THG Beauty's enterprise value to forward sales.

Sales of THG Beauty jumped 55.9% to 460.8 million pounds ($636.60 million) in the first half, the British company said in its interim results, while overall group revenue rose nearly 42%. ($1 = 0.7239 pounds)

(Reporting by Aditi Sebastian and Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. 0.55% 6610 End-of-day quote.-17.97%
THG PLC -0.25% 316.2 Delayed Quote.-59.54%
All news about SOFTBANK GROUP CORP.
10/22SOFTBANK : Paytm gets regulatory approval for India's biggest ever IPO -source
RE
10/22Indian beauty startup Nykaa aims IPO at valuation of above $7 bln
RE
10/22SOFTBANK : in talks to sell French robotics business to Germany's United Robotics -sources
RE
10/22SOFTBANK : Eligible to List on Tokyo Bourse's Prime Market
MT
10/22STOXX EUROPE 600 : United Robotics Group to Acquire SoftBank Group's French Robotics Busin..
MT
10/22SOFTBANK : Notice of Payment of Dividends (Interim Dividends)
PU
10/22SOFTBANK : Discloses Interim Dividend
MT
10/22Softbank Reportedly in Talks to Sell French Robotics Business to United Robotics
CI
10/21SoftBank Group in Talks to Sell French Robotics Business, Reuters Reports
DJ
10/21SOFTBANK : ByteDance to Push Back IPO to Late 2022 on Tighter Regulatory Environment
MT
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 53 214 M 53 214 M
Net income 2022 1 310 B 11 540 M 11 540 M
Net Debt 2022 15 330 B 135 B 135 B
P/E ratio 2022 8,68x
Yield 2022 0,67%
Capitalization 11 324 B 99 580 M 99 762 M
EV / Sales 2022 4,41x
EV / Sales 2023 4,12x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 610,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 56,2%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-17.97%99 580
AT&T INC.-11.37%181 995
T-MOBILE US-13.33%145 850
KDDI CORPORATION20.32%72 896
AMÉRICA MÓVIL, S.A.B. DE C.V.20.36%56 355
VODAFONE GROUP PLC-8.37%41 874