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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
Delayed Japan Exchange  -  12:09 2022-10-03 am EDT
4985.00 JPY   +1.73%
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QED Investors-backed fintech Hash reduces staff, operations

08/12/2022 | 04:29pm EDT

SAO PAULO (Reuters) - QED Investors-backed Brazilian fintech Hash has fired dozens of its employees and is gradually closing its operations, two sources with knowledge of the matter said on Friday.

The company allows B2B companies to provide financial payments and banking solutions to their merchant partners and had raised $60 million in three funding rounds since it was founded in 2017.

The two sources said the company was running out of cash. One source said Hash had been in talks to raise capital with Softbank Group's Latin America fund, but no agreement was reached and Hash had to fire staff. Softbank declined to comment.

Hash's latest round was in October, when it raised $40 million, or around 235 million reais. Its investors are Kaszek Ventures, QED Investors and Canary. Hash and the investors did not immediately reply to Reuters requests for comment.

(Reporting by Tatiana Bautzer, additional reporting by Aluisio Alves; Editing by Josie Kao)

By Tatiana Bautzer


© Reuters 2022
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2023 6 458 B 44 633 M 44 633 M
Net income 2023 751 B 5 191 M 5 191 M
Net Debt 2023 17 829 B 123 B 123 B
P/E ratio 2023 10,8x
Yield 2023 0,90%
Capitalization 7 672 B 53 026 M 53 026 M
EV / Sales 2023 3,95x
EV / Sales 2024 3,72x
Nbr of Employees 59 721
Free-Float 62,1%
Chart SOFTBANK GROUP CORP.
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Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 4 900,00 JPY
Average target price 7 265,29 JPY
Spread / Average Target 48,3%
EPS Revisions
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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