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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : backed construction firm Katerra files for bankruptcy protection in U.S.

06/07/2021 | 03:03am EDT

June 7 (Reuters) - Construction startup Katerra Inc, which is backed by SoftBank Group Corp, said on Sunday it has filed for bankruptcy protection in the United States.

Katerra said it had secured commitments for $35 million in debtor-in-possession (DIP) financing from SB Investment Advisers (UK) Limited to fund operations during the Chapter 11 process, adding that the company's international operations are not affected by this filing.

The company had estimated liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion, according to the court filing made in the United States Bankruptcy Court for the Southern District of Texas.

The Information news website reported earlier this month that Katerra had told employees it planned to shut down, marking the collapse of the SoftBank-backed company that had raised more than $2 billion to slash the cost of building apartments.

Katerra said on Sunday that many of its U.S. projects will be demobilizing. The company has also entered into commitments for the sale of the Renovations and Lord Aeck Sargent architecture business lines to private buyers, it said in a statement https://bit.ly/3fZ8qGk.

(Reporting by Kanishka Singh in Bengaluru, editing by Louise Heavens)


ę Reuters 2021
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Financials
Sales 2022 5 953 B 54 205 M 54 205 M
Net income 2022 1 045 B 9 517 M 9 517 M
Net Debt 2022 13 879 B 126 B 126 B
P/E ratio 2022 12,2x
Yield 2022 0,67%
Capitalization 11 554 B 105 B 105 B
EV / Sales 2022 4,27x
EV / Sales 2023 4,12x
Nbr of Employees 58 786
Free-Float 47,1%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 745,00 JPY
Average target price 11 321,71 JPY
Spread / Average Target 67,9%
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
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