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 : offers to invest up to $40 bil. in Indonesia's new capital

01/17/2020 | 07:13am EDT

Japan'sSoftBank Group Corp. has offered to invest between $30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko "Jokowi" Widodo said Friday.

In a meeting last week with Jokowi, SoftBank Chief Executive Officer Masayoshi Son expressed interest in participating in the development of the yet-to-be-named capital and bringing the newest technology and "a lot of artificial intelligence" to the new smart city.

"The financing structure to develop the new capital is now still being finalized, (but) I will meet Masayoshi again in Davos and later in Tokyo," Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told a press conference.

"The president will make a decision on the matter in February," Pandjaitan added.

The minister also disclosed later that Hong Kong and South Korean entities have also made offers between $40 billion and $49 billion for the capital's development, in addition to firms from the United Arab Emirates and the United States.

Jokowi announced the plan to relocate the country's capital from Jakarta to Borneo in August last year. It is expected to happen within five years, with the infrastructure development possibly commencing this year.

The new capital will be located between the East Kalimantan provincial capital of Samarinda and Balikpapan, its largest city, located some 90 kilometers to the south. Both are situated near the east coast of the world's third-largest island.

The new capital is expected to have world-class educational institutions, international-standard hospitals and an environmentally friendly transportation system.

==Kyodo

© Kyodo News International, Inc., source Newswire

All news about SOFTBANK GROUP CORP.
04:35aAutoStore seeks to raise $315 million in one of Norway's largest IPOs
RE
03:38aNorwegian Robotic and Software-Technology Company AutoStore Seeks Oslo IPO
DJ
02:59aSOFTBANK : Appier to Sell Over 11 Million Shares in Secondary International Offering
MT
02:25aAutoStore seeks to raise $315 mln in one of Norway's largest IPOs
RE
01:21aSOFTBANK : leads $122m funding in UK events ticketing company Dice
AQ
09/27Exscientia Sets IPO at 13.1 Million ADSs; Sees Pricing at $20-$22 Each
DJ
09/27SOFTBANK : Nomura Adjusts SoftBank Group's Price Target to 9,780 Yen From 10,070 Yen, Keep..
MT
09/27SOFTBANK : leads $122m funding round in UK events ticketing company DICE
AQ
09/27SOFTBANK : AI navigation startup Phiar lands ex-Google manager, funding from Telenav
RE
09/25Certain Common Stock of Appier Group, Inc. are subject to a Lock-Up Agreement Ending on..
CI
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 54 259 M 54 259 M
Net income 2022 1 310 B 11 766 M 11 766 M
Net Debt 2022 14 983 B 135 B 135 B
P/E ratio 2022 9,10x
Yield 2022 0,66%
Capitalization 11 348 B 102 B 102 B
EV / Sales 2022 4,36x
EV / Sales 2023 4,13x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 624,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 55,9%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-17.80%102 267
AT&T INC.-4.73%195 632
T-MOBILE US-5.24%159 465
KDDI CORPORATION23.68%76 896
AMÉRICA MÓVIL, S.A.B. DE C.V.25.05%59 047
VODAFONE GROUP PLC-4.18%43 769