|Bid||2,906.50 x 0|
|Ask||2,906.50 x 0|
|Day's Range||2,882.00 - 2,912.00|
|52 Week Range||2,331.50 - 3,173.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.34|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,233.20|
SoftBank Corp. named Nokia as a strategic partner for 5G rollout and Ericsson as a supplier of radio access network equipment, the companies said in separate releases. Huawei, which together with ZTE Corp. was a 4G vendor for the Japanese company, wasn’t selected despite participating in earlier 5G trials. SoftBank declined further comment.
BEIJING/WASHINGTON, May 22 (Reuters) - China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. The world's two largest economies have escalated tariff increases on each other's imports after talks broke down to resolve their dispute, and the acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.
Japanese telco SoftBank Corp's low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington. The smartphone from Huawei Technologies was due to go on sale on Friday but a SoftBank spokesman said the telco wanted to be confident it could sell the product in light of the U.S. restrictions. The U.S. Commerce Department blocked Huawei from buying U.S. goods last week, a major escalation in the trade war between the world's two top economies, saying the firm was involved in activities contrary to national security.
Shares in Japan's big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war. NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent. Japan's big three telcos are under government pressure to reduce carrier fees to help stimulate consumer spending in other parts of the economy.
Japan's telcos were formally allocated 5G spectrum by regulators on Wednesday, a major milestone ahead of the launch of high-speed wireless services next spring. The three big carriers - NTT Docomo, KDDI and SoftBank Corp - along with new entrant Rakuten Inc, received spectrum from the telecoms ministry. The technology, which can provide data speeds at least 20 times faster than 4G, is seen as essential for emerging technologies from self-driving cars and smart cities to augmented reality and artificial intelligence.
Japan's Nikkei soared to a near two-month high on Wednesday as optimism there won't be a U.S. government shutdown and there will be a U.S.-China trade deal lifted risk appetites. Oil explorer Inpex jumped 14 percent after sharply raising its net profit outlook for the year. The agreement in principle in Washington to avoid another shutdown helped boost Wall Street overnight.
Japan's Nikkei ended almost flat on Thursday weighed down by a fall in index heavyweight Fast Retailing, but strong earnings from Texas Instruments boosted chip-related shares, supporting the broader market. ...
For years, Japan's retail currency investors were known as "Mrs Watanabes", a reference to the metaphorical housewife who invests family savings mostly in foreign exchange. Now, a younger generation of women is looking at a wider asset range in which to park investments. Like their elders, Japan's "Kinyu-joshi" or "finance girls", who are largely in their 20s and 30s, face a challenging investment landscape with bank deposits offering minimal, near-zero returns.
SoftBank Corp., as the new entity is known, was heavily marketed to individual investors, who took up a majority of the 90 percent of shares that were sold domestically. Institutional investors were less keen.
Japan's big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China's Huawei Technologies Co Ltd and ZTE Corp, Kyodo News reported on Monday. The news, for which Kyodo did not cite sources, comes at a time of heightened scrutiny of Chinese tech firms by Washington and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying. Last week sources told Reuters that Japan planned to ban government purchases of equipment from Huawei and ZTE to ensure strength in its defences against intelligence leaks and cyber attacks.
Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp to beef up its defenses against intelligence leaks and cyber attacks, sources told Reuters. Chinese tech companies are under intense scrutiny from Washington and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying. A government ban in Japan will come after Huawei has already been locked out of the U.S. market and after Australia and New Zealand have blocked it from building 5G networks.
Officials from the U.S. have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. Huawei has long been labeled a security risk by U.S. lawmakers because of alleged links to the Chinese government, in part because it was founded by former military engineer Ren Zhengfei. While the Shenzhen-based company has denied any inappropriate connections, it’s been banned in Australia from supplying fifth-generation wireless equipment, faced scrutiny in the U.K. and found itself largely shut out from the U.S. market.
Rakuten Inc on Thursday unveiled a tie-up with telecom company KDDI Corp as the Japanese e-commerce firm aims to enter the mobile phone services business, challenging bigger rivals NTT Docomo and SoftBank Group Corp. KDDI will give Rakuten access to its nationwide roaming services, while Rakuten will provide KDDI its expertise in mobile payments, the two companies said in a statement.
Japan's Nikkei fell on Thursday, pulled down by large cap mobile phone companies after NTT Docomo said lower service fees will start hitting its earnings next year, stoking concerns about the profit outlook for the sector. NTT Docomo Inc said that it would reduce service fees by 20-40 percent in April-June that would affect its earnings from the next fiscal year.
Japan's government wants to see greater price competition among the nation's three dominant mobile phone network providers, before e-commerce firm Rakuten Inc enters the market in October next year with plans for lower smartphone charges. Chief Cabinet Secretary Yoshihide Suga has said carriers NTT DoCoMo Inc, KDDI Corp and SoftBank Group Corp have the potential to cut mobile charges by as much as 40 percent. Rakuten plans to launch its mobile service in October 2019 and aims to charge less than the dominant three carriers, Suga said at a regular news conference on Monday.
Japan's Nikkei rose on Wednesday morning supported by tech shares, which tracked gains in their U.S. peers, while telcos were volatile on worries that their mobile fees will be cut. Weighing on sentiment were declines in U.S. futures after U.S. President Donald Trump's former personal lawyer, Michael Cohen, pleaded guilty to campaign finance violations and other charges.
Japan is aiming to force wireless carriers to cut their monthly fees and stop bundling the cost of smartphones with wireless services, a senior telecoms ministry source said on Tuesday, in a move that is likely to hit Apple Inc. Japan's top wireless carriers, NTT Docomo Inc, KDDI Corp and SoftBank Group Corp, typically provide phones without upfront charges as part of fixed-term contracts that can cost as much as 10,000 yen ($90.51) a month.