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    9984   JP3436100006

SOFTBANK GROUP CORP.

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Delayed Japan Exchange  -  05/24 09:13:43 pm EDT
5140.00 JPY   -0.98%
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Japanese shares end lower on Omicron fears, SoftBank falls

12/27/2021 | 01:28am EDT

TOKYO, Dec 27 (Reuters) - Japanese shares ended lower on Monday, with SoftBank Group leading losses, as concerns over the impact of the Omicron COVID-19 variant offset gains in heavyweight technology stocks.

The Nikkei share average slipped 0.37% to close at 28,676.46, while the broader Topix lost 0.45% to 1,977.90.

Global technology investor SoftBank Group fell 2.96% on news that Credit Suisse is seeking information through U.S. courts, which could lead to it taking legal action in Britain against the Japanese company to recover certain funds.

"We do not have market moving events at home or abroad, and many people are still away from the markets, it is hard to make active bets," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.78 billion, compared with the average of 1.19 billion in the past 30 days.

"Under this environment investors chose to bet on a particular group of stocks, which were heavyweight chip-related, and any other shares were sold for an excuse of fears for the Omicron," Kamada added.

Technology shares advanced, with chip-related Tokyo Electron and Advantest rising 2.09% and 0.83%, respectively. Game maker Sony Group gained 0.67% and medical equipment maker Terumo climbed 0.47%.

Retailers, meanwhile, took a hit as more cases of the highly transmissible variant were found in Japan, raising concerns of tighter curbs slowing the economic recovery from the pandemic.

Uniqlo clothing shop operator Fast Retailing was the biggest drag on the Nikkei, falling 1.75%.

Home interior goods retailer Nitori Holdings tumbled 6.53% and Muji-brand retail stores Ryohin Keikaku lost 1.59%.

There were 50 advancers on the Nikkei index against 169 decliners. (Reporting by Junko Fujita; Editing by Devika Syamnath)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION -0.23% 8530 Delayed Quote.-20.00%
CREDIT SUISSE GROUP AG -0.94% 6.736 Delayed Quote.-23.35%
FAST RETAILING CO., LTD. -0.77% 59470 Delayed Quote.-7.44%
NIKKEI 225 -0.94% 26748.14 Real-time Quote.-6.22%
NITORI HOLDINGS CO., LTD. 2.88% 12665 Delayed Quote.-27.40%
RYOHIN KEIKAKU CO., LTD. 0.54% 1292 Delayed Quote.-24.40%
SOFTBANK GROUP CORP. -1.04% 5140 Delayed Quote.-2.91%
SONY GROUP CORPORATION -0.62% 11305 Delayed Quote.-20.90%
TERUMO CORPORATION 0.90% 4164 Delayed Quote.-15.60%
TOKYO ELECTRON LTD 1.01% 58870 Delayed Quote.-11.44%
TOPIX INDEX 0.01% 1878.3 Delayed Quote.-4.91%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 171 B 48 771 M 48 771 M
Net income 2022 728 B 5 751 M 5 751 M
Net Debt 2022 16 223 B 128 B 128 B
P/E ratio 2022 12,0x
Yield 2022 0,85%
Capitalization 8 465 B 66 902 M 66 902 M
EV / Sales 2022 4,00x
EV / Sales 2023 4,18x
Nbr of Employees 58 786
Free-Float 69,3%
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Mean consensus BUY
Number of Analysts 17
Last Close Price 5 191,00 JPY
Average target price 7 896,47 JPY
Spread / Average Target 52,1%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
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