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

SOFTBANK GROUP CORP (9984)
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Softbank : Nikesh Arora to join SoftBank as Vice Chairman, SoftBank Corp. and CEO of the newly formed SoftBank Internet and Media, Inc.

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07/18/2014 | 02:06am CET

Press Releases 2014

July 18, 2014
SoftBank Corp.

SoftBank Corp. today announced that Nikesh Arora would be joining the company in October as Vice Chairman of SoftBank Corp. and CEO of SoftBank Internet and Media, Inc. (SIMI), reporting to Masayoshi Son, Chairman and CEO.

Nikesh joins SoftBank after almost a decade at Google, first running their European business operation and for the last five years as their Chief Business Officer of the company.

"As we enter the next phase of our expansion I can't think of a better person than Nikesh to help us chart that course. As Vice Chairman, he will work closely with me in defining, implementing and managing our global growth strategy. In addition, as CEO of SIMI he will be directly responsible for overseeing our Internet, telecommunications, media and global investment activities, which we have been developing over the last few years," said Masayoshi Son.

"I have had the good fortune of getting to know Nikesh over the last five years. He brings a rare set of skills: amazing financial and strategic acumen; a decade of executive experience at one of the fastest growing companies in history; a deep understanding of the telecommunications industry. This makes him uniquely qualified to help guide us through our next stage of growth. Our intention is to nominate Nikesh to the SoftBank Corp. board at our next shareholder meeting," he concluded.

Before joining Google, Nikesh was a telecom analyst at Putnam Investments. He then went on to create his own mobile data start-up in 2000 and also worked with T-Mobile in various capacities including as CMO of their European Business and a member of their board. At Google, Nikesh was responsible for all partnerships, marketing, sales and customer activities in addition to being part of the company's management team. Nikesh has an MBA from Northeastern University, a Master's Degree in Finance from Boston College and graduated as an Electrical Engineer from IIT-BHU. Nikesh is also a CFA.

  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
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Financials ( JPY)
Sales 2018 9 103 B
EBIT 2018 1 060 B
Net income 2018 385 B
Debt 2018 12 181 B
Yield 2018 0,47%
P/E ratio 2018 25,71
P/E ratio 2019 13,82
EV / Sales 2018 2,47x
EV / Sales 2019 2,35x
Capitalization 10 308 B
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 12 772  JPY
Spread / Average Target 36%
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Managers
NameTitle
Masayoshi Son Chairman & President
Rajeev Misra Director & Head-Strategic Finance
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Yun Ma Director
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