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MarketScreener Homepage  >  Equities  >  Tokyo  >  Mitsubishi UFJ Financial Group Inc    8306   JP3902900004

MITSUBISHI UFJ FINANCIAL GROUP INC

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SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

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08/17/2019 | 11:31am EDT
Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo

(Reuters) - Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.

Son himself may account for over half of that amount, the Journal reported, adding that executives feel that such a step will make employees more accountable as the investments of the fund can be canceled if a manager leaves or is found to have engaged in a "reckless deal".

The loans are likely to have an interest rate of about 5%, the WSJ said, citing a source.

The government of Kazakhstan, an investor in the fund, is expected to make a contribution of about $3 billion while banks such as Goldman Sachs Group Inc, Britain's Standard Chartered PLC and Japan's Mitsubishi UFJ Financial Group Inc have also indicated they are willing to invest several hundred million dollars each, according to the report.

SoftBank is discussing with many pensions and insurers, including in Taiwan, for total investments that it hopes will cross $30 billion, the WSJ reported.

SoftBank was not immediately available for a comment on Saturday.

(Reporting by Kanishka Singh in Bengaluru)

Stocks mentioned in the article
ChangeLast1st jan.
GOLDMAN SACHS GROUP INC 0.54% 217.08 Delayed Quote.29.95%
MITSUBISHI UFJ FINANCIAL GROUP INC -1.00% 566 End-of-day quote.7.22%
SOFTBANK GROUP CORP -1.94% 4599 End-of-day quote.-34.35%
STANDARD CHARTERED 1.65% 690 Delayed Quote.11.64%
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Financials (JPY)
Sales 2020 3 744 B
EBIT 2020 1 091 B
Net income 2020 947 B
Debt 2020 -
Yield 2020 4,44%
P/E ratio 2020 7,74x
P/E ratio 2021 7,75x
Capi. / Sales2020 1,95x
Capi. / Sales2021 1,85x
Capitalization 7 303 B
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Technical analysis trends MITSUBISHI UFJ FINANCIAL G
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Mean consensus BUY
Number of Analysts 14
Average target price 701,64  JPY
Last Close Price 566,00  JPY
Spread / Highest target 65,7%
Spread / Average Target 24,0%
Spread / Lowest Target -13,4%
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Managers
NameTitle
Nobuyuki Hirano President, Group CEO & Representative Director
Kiyoshi Sono Executive Chairman
Muneaki Tokunari Group Financial Officer & Director
Hironori Kamezawa Group Chief Information Officer
Saburo Araki Vice Chairman
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