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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank shares slide 9% as portfolio upside evaporates

12/05/2021 | 08:53pm EST
FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo

TOKYO (Reuters) - SoftBank Group shares fell as much as 9% in Monday trading in Tokyo, the seventh consecutive day of decline, as the market digested falling valuations at key portfolio companies and regulatory opposition to the sale of Arm.

SoftBank shares were trading at 5,122 yen at 10:39 a.m. (0139 GMT), down by half from March highs and at the lowest level in 15 months.

"What you've seen is almost a complete reversal in sentiment," said analyst Kirk Boodry at Redex Research.

"All of the underlying value is being squeezed."

Shares in Chinese e-commerce firm Alibaba, the group's most valuable investment, fell 8% in New York on Friday. That came after ride-hailer Didi, one of the Vision Fund's top investments, said it would delist in the U.S. following pressure from Chinese regulators.

CEO Masayoshi Son lamented the group's conglomerate discount at earnings last month, pointing to upside including the planned sale of chip designer Arm to Nvidia.

However the U.S. Federal Trade Commission said on Thursday it will sue to block the deal, in the latest case of SoftBank struggling to get deals through regulatory scrutiny.

The slide comes even as SoftBank buys back its shares in a 1 trillion yen ($8.85 billion) programme launched last month.

The group has signalled the pace of repurchases could be slower than during a previous record 2.5 trillion buyback.

($1 = 113.0000 yen)

(Reporting by Sam Nussey; Editing by Stephen Coates)


ę Reuters 2021
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 119 B 53 466 M 53 466 M
Net income 2022 1 058 B 9 246 M 9 246 M
Net Debt 2022 15 202 B 133 B 133 B
P/E ratio 2022 8,74x
Yield 2022 0,80%
Capitalization 9 397 B 82 545 M 82 115 M
EV / Sales 2022 4,02x
EV / Sales 2023 4,00x
Nbr of Employees 58 786
Free-Float -
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Technical analysis trends SOFTBANK GROUP CORP.
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 5 497,00 JPY
Average target price 9 718,00 JPY
Spread / Average Target 76,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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