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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
Delayed Japan Exchange  -  01:00 2022-11-25 am EST
6079.00 JPY   +0.25%
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SoftBank to dissolve stake in Swedish cloud computing provider Sinch

09/29/2022 | 01:47pm EST
FILE PHOTO: FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo

(Reuters) - Swedish cloud computing services provider Sinch AB said on Thursday that Japan's SoftBank Group Corp would dissolve its entire stake in the company.

Softbank will sell its 5% stake to Sinch's chief executive, Johan Hedberg, and its largest shareholder, Neqst D2.

Investment company Neqst D2 will hold about 18.6% of Sinch's outstanding stake at the completion of the sale, Sinch added.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Leslie Adler)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SINCH AB 2.35% 34.825 Delayed Quote.-69.74%
SOFTBANK GROUP CORP. 0.25% 6079 Delayed Quote.11.87%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD -1.69% 24.64 Delayed Quote.-52.43%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2023 6 513 B 46 785 M 46 785 M
Net income 2023 497 B 3 567 M 3 567 M
Net Debt 2023 15 211 B 109 B 109 B
P/E ratio 2023 19,2x
Yield 2023 0,72%
Capitalization 8 887 B 63 838 M 63 838 M
EV / Sales 2023 3,70x
EV / Sales 2024 3,47x
Nbr of Employees 59 721
Free-Float 62,2%
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Technical analysis trends SOFTBANK GROUP CORP.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 6 079,00 JPY
Average target price 7 412,22 JPY
Spread / Average Target 21,9%
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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