Softbank traded at 3,999.00 this Friday February 6th, increasing 87.00 or 2.22 percent since the previous trading session. Looking back, over the last four weeks, Softbank gained 14.06 percent. Over the last 12 months, its price rose by 65.20 percent. Looking ahead, we forecast Softbank to be priced at 4,081.60 by the end of this quarter and at 3,607.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
SoftBank Group Corp. is a Japan-based company principally engaged in the communication and Internet related business. The Company operates in six business segments. Softbank segment is involved in the sale of mobile terminals, the provision of mobile communication services and fixed communication services in Japan. The Segment also sells mobile terminal accessories, PC software and peripherals. Sprint segment is involved in the provision of mobile communication services and others in the US. Yahoo segment conducts advertising business on the Internet, e-commerce business and membership service business. ARM segment is involved in the design of IP and related technologies for microprocessors, and the sale of software tools. Softbank Vision Fund and Delta Fund segment conducts investment activities in the technology area. Bright Star segment conducts distribution of mobile terminals overseas. The Company is also involved in Fortress and Fukuoka Softbank Hawks related business.