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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
Delayed Japan Exchange  -  02:00 2022-09-30 am EDT
4900.00 JPY   -2.60%
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SoftBank plans to sell some or all of its 9% stake in SoFi

08/08/2022 | 07:14pm EDT
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

(Reuters) - Japanese conglomerate SoftBank Group Corp plans to sell its stake in digital personal finance company SoFi Technologies Inc, according to a filing late on Monday.

SoFi shares fell 3% in extended trading.

On Monday, SoftBank sold 6.7 million shares in SoFi at a weighted average price of $8.17 per share, three days after it sold 5.4 million shares at a price of $7.99.

SoftBank also posted a record $23.1 billion loss in the April-June quarter on Monday and said it plans to cut headcount at its flagship Vision Fund investing arm.

To raise cash, SoftBank has exited companies including Uber Technologies and home-selling platform Opendoor Technologies, for a total gain of $5.6 billion.

SoftBank's chief executive officer Masayoshi Son has suffered a series of high-profile reversals after big bets by the first Vision Fund in late-stage startups such as office sharing company WeWork Inc soured, prompting him to tighten investment controls with the second fund.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
OPENDOOR TECHNOLOGIES INC. -0.96% 3.11 Delayed Quote.-78.71%
SOFI TECHNOLOGIES, INC. 0.83% 4.88 Delayed Quote.-69.13%
SOFTBANK CORP. -0.89% 1446.5 Delayed Quote.-0.55%
SOFTBANK GROUP CORP. -2.60% 4900 Delayed Quote.-9.83%
UBER TECHNOLOGIES, INC. 0.30% 26.5 Delayed Quote.-36.80%
WEWORK INC. -5.36% 2.65 Delayed Quote.-69.19%
All news about SOFTBANK GROUP CORP.
09/30Global markets live: Nike, Meta, Barclays, Cineworld, Boeing...
MS
09/30MarketScreener's World Press Review : September 30, ..
MS
09/30Swedish Cloud Group Sinch's Shareholder To Sell Entire 5% Stake
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09/29SoftBank to dissolve stake in Swedish cloud computing provider Sinch
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09/29SoftBank cuts about 150 staff globally -source
RE
09/29SOFTBANK GROUP CORP. : Ex-dividend day for interim dividend
FA
09/28SoftBank to Buy Outstanding Bonds Worth $1.8 Billion
MT
09/28Japan's Nikkei tracks Wall Street higher as Treasury yields fall
RE
09/28MarketScreener's World Press Review : September 28, ..
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09/28Japan's Nikkei ends at near 3-month low on global recession fears
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More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
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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SoftBank Group Corp. Technical Analysis Chart | MarketScreener
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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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