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4-Traders Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

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SoftBank : Yahoo! JAPAN Makes Full-fledged Entry into Self-driving Sector with Investment in SB Drive SB Drive now capitalized at approximately JPY 1 billion with new investment from Yahoo! JAPAN and additional investment from SoftBank Corp. Yahoo! JAPAN to study linkage of self-driving with its own services and big data

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03/24/2017 | 09:21am CEST

Press Releases 2017

March 24, 2017
Yahoo Japan Corporation
SoftBank Corp.
SB Drive Corp.

Yahoo Japan Corporation ('Yahoo! JAPAN') and SoftBank Corp. ('SoftBank'), a subsidiary of SoftBank Group Corp., today announced that SB Drive Corp. ('SB Drive'), a company aiming to commercialize smart mobility services by utilizing self-driving technologies, received a capital increase through a third-party allocation of shares, with Yahoo! JAPAN making a new investment and SoftBank making an additional investment.

SB Drive was established in April 2016 as a joint venture between SoftBank and Advanced Smart Mobility Co., Ltd. ('Advanced Smart Mobility'), a company researching and developing automated driving technologies. Under a cooperative framework with SoftBank, Advanced Smart Mobility, Yahoo! JAPAN and others, SB Drive has been conducting social trials and testing the commercial viability of fixed-route bus type community public transportation and large truck convoy-based trunk line freight transportation systems that utilize self-driving technologies. Currently SB Drive has smart mobility partnership agreements with four municipalities in Japan, including Kitakyushu City and Yazu Town in Tottori Prefecture. In the latter half of fiscal 2018, SB Drive is planning to conduct fully autonomous driving trials on public roads.

Yahoo! JAPAN's investment in SB Drive marks its full-fledged entry into the self-driving sector. By linking self-driving with it regional and transportation services like Yahoo! Maps and by utilizing big data from self-driving and Yahoo! JAPAN service users, Yahoo! JAPAN will pursue its 'UPDATE MOBILITY' goal that aims to address the regional and transport issues of customers.

Capital Increase Overview

(1) Investment amounts

Yahoo! JAPAN: approx. JPY 490 million, SoftBank: approx. JPY 190 million (cumulative investment of approx. 510 million)

(2) Date of transaction

March 17, 2017

(3) Shareholder ratios after capital increase

SoftBank: 51.1%, Yahoo! JAPAN: 48.6%, Advanced Mobility: 0.3%

About SB Drive

Company name SB Drive Corp.
Established April 1, 2016
Representative Yuki Saji, President & CEO
Location 1-9-1 Higashi-shimbashi, Minato-ku, Tokyo, Japan
Shareholders SoftBank Corp., Yahoo Japan Corporation, Advanced Smart Mobility Co., Ltd.
Activities Consulting on the implementation of self-driving technologies and their operation
Development and operation of mobility service related to passenger transport and logistics
URL http://www.softbank.jp/en/drive/
  • SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
  • Company and product names are registered trademarks or trademarks of their respective owners.
  • The information is true and accurate at the time of publication.
    Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
  • SoftBank BB Corp., SoftBank Telecom Corp. and Ymobile Corporation merged into SoftBank Mobile Corp. on April 1, 2015. Please see below for pre-merger press releases from SoftBank BB Corp., SoftBank Telecom Corp., and Ymobile Corporation. SoftBank Mobile Corp. changed its company name to SoftBank Corp. on July 1, 2015.

SoftBank Corporation published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 08:21:24 UTC.

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Financials ( JPY)
Sales 2017 8 974 664 M
EBIT 2017 1 164 508 M
Net income 2017 915 033 M
Debt 2017 11 150 422 M
Yield 2017 0,55%
P/E ratio 2017 9,05
P/E ratio 2018 12,09
EV / Sales 2017 2,22x
EV / Sales 2018 2,08x
Capitalization 8 817 390 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 10 233  JPY
Spread / Average Target 28%
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Masayoshi Son President & Representative Director
Yoshimitsu Goto Managing Executive Officer & Manager-Finance
Tadashi Yanai Independent Director
Ken Miyauchi Representative Director & Vice President
Yun Ma Director
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