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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  SoftBank Corp.    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank joins ultrafast 5G race as domestic competition heats up

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03/26/2020 | 10:03pm EDT

SoftBank Corp. launched Friday its ultrafast 5G wireless offerings, joining rivals NTT Docomo Inc. and KDDI Corp. in a battle to attract customers looking for seamless video and game streaming.

The mobile communications unit of SoftBank Group Corp.'s 5G services will initially cover only some parts of seven prefectures in Japan, including Tokyo and Osaka, as of next Tuesday. The company plans to expand the network across the nation over several years.

NTT Docomo started its 5G services on Wednesday and KDDI, which operates the "au" brand, did so a day later.

Rakuten Inc., set to make a full-scale entry into the mobile phone market on April 8, plans to launch its 5G operation in June.

SoftBank will charge an additional 1,000 yen ($9) per month for 5G services, but will exempt existing and new customers for two years via a campaign that will run through the end of August.

Customers are required to purchase a new 5G capable handset. SoftBank put on sale two types on Friday and plans to introduce another two by summer.

The new 5G technology is expected to enable users to send and receive data some 100 times faster than the current 4G networks, allowing smartphone users to download a two-hour movie in a few seconds.

Besides mobile phones, the new technology is also expected to be used for industrial purposes in areas such as autonomous driving and remote clinical services. Such 5G services have already been launched in more than 30 countries including the United States and China.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
KDDI CORPORATION 0.99% 3167 End-of-day quote.-2.64%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 0.18% 2448.5 End-of-day quote.-11.19%
NTT DOCOMO, INC. 0.46% 2965 End-of-day quote.-2.40%
SOFTBANK CORP. 0.00% 1366 End-of-day quote.-6.41%
SOFTBANK GROUP CORP. 3.85% 5018 End-of-day quote.5.51%
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Financials
Sales 2020 4 863 B 45 149 M 45 149 M
Net income 2020 502 B 4 661 M 4 661 M
Net Debt 2020 3 728 B 34 617 M 34 617 M
P/E ratio 2020 12,9x
Yield 2020 6,35%
Capitalization 6 476 B 60 177 M 60 133 M
EV / Sales 2019
EV / Sales 2020 2,10x
Nbr of Employees 37 900
Free-Float 32,5%
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Technical analysis trends SOFTBANK CORP.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 606,92 JPY
Last Close Price 1 366,00 JPY
Spread / Highest target 46,4%
Spread / Average Target 17,6%
Spread / Lowest Target -9,96%
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Managers
NameTitle
Ken Miyauchi Executive President, CEO & Representative Director
Masayoshi Son Chairman
Yasuyuki Imai Co-COO, Representative Director & Executive VP
Jun Shimba Co-COO, Representative Director & Executive VP
Kazuhiko Fujihara Chief Financial Officer & Director
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