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MarketScreener Homepage  >  Equities  >  Tokyo  >  Denso Corp    6902   JP3551500006

DENSO CORP

(6902)
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Uber nears investment deal for self-driving car unit - WSJ

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04/17/2019 | 06:09pm EDT
Uber sign is seen on a car in New York

(Reuters) - Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said.

SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder.

The Japanese technology investment fund also has investments in General Motors Co's self-driving car subsidiary Cruise. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise.

Cruise has a value of more than $14 billion despite no significant revenue and a product not ready for commercial launch.

Uber is getting ready for its initial public offering (IPO) and filed for it last week.

Toyota and Denso declined to comment, while Uber and SoftBank did not respond to Reuters' requests for comment.

(Reporting by Sayanti Chakraborty and Vibhuti Sharma in Bengaluru; Editing by James Emmanuel)

Stocks treated in this article : Denso Corp, SoftBank Group Corp, Toyota Motor Corp
Stocks mentioned in the article
ChangeLast1st jan.
DENSO CORP -0.30% 4280 End-of-day quote.-9.95%
SOFTBANK GROUP CORP 2.03% 10295 End-of-day quote.46.97%
TOYOTA MOTOR CORP 0.05% 6502 End-of-day quote.5.21%
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Financials (JPY)
Sales 2020 5 558 B
EBIT 2020 -
Net income 2020 316 B
Finance 2020 374 B
Yield 2020 3,37%
P/E ratio 2020 10,52
P/E ratio 2021 9,70
EV / Sales 2020 0,54x
EV / Sales 2021 0,50x
Capitalization 3 372 B
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Number of Analysts 19
Average target price 5 924  JPY
Spread / Average Target 38%
EPS Revisions
Managers
NameTitle
Koji Arima President, CEO & Representative Director
Yoshifumi Kato Head-Technology Development Center
Tomoaki Shirai Manager-Information Systems
Yasushi Yamanaka Representative Director, VP & Head-Quality
Shoji Tsuzuki Director & Senior Managing Executive Officer
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