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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2366)	11/15/1999 2:32:00 AM
From: Edwin S. Fujinaka	Respond to of 6018

Softbank closes in Tokyo at $624. More stuff from Nikkei Net: Issued: November 15 ,1999 Softbank eyes OTC issues Softbank Corp. plans to register shares of three finance-related subsidiaries on the over-the-counter market in 2000, company officials said. The wholesaler of PC software is also considering offering the shares on Nasdaq Japan, a new stock market the company is helping to establish. Morningstar Japan KK, an information service firm specializing in investment trusts, is expected to go public in the April-June quarter of 2000. Daiwa Securities Group Inc. will be the lead manager. Online brokerage firm ETrade Securities Co. is expected to go public in July-September 2000, with Nomura Securities Co. acting as lead manager. ETrade will probably increase its capital through a public subscription when it registers on the OTC market and use the extra funds to gain the upper hand in its competition with other online securities firms. Softbank Investment Corp., which mainly handles investments in start-up firms, is expected to go public in October-December 2000, also with Nomura Securities as lead manager. --Yakinikuya Sakai Co., which operates a chain of directly run and franchise outlets of Korean-style barbecue restaurants, mostly around the Nagoya region, will register on the over-the-counter market on Nov. 17. Its first store was launched in October 1993 by founder and current Chairman Tetsushi Sakai. The chain operator started adding franchises in June 1994, and expects to have more than 150 outlets at the end of this fiscal year. It is now opening new stores in the greater Tokyo region and western Japan at a brisk pace. A typical Yakinikuya Sakai outlet features a style that falls somewhere between a barbecue restaurant and a family restaurant, charging an average of 2,350 yen per customer. That means a family of four can eat there for less than 10,000 yen. The relatively low prices are reflected in a cost-to-sales ratio that tops 44%, high for the food service industry. The company has sought to trim personnel and general administrative expenses by operating stores from 5 p.m. to midnight. Copyright 1999 Nihon Keizai Shimbun, Inc., all rights reserved. Issued: November 15 ,1999 Softbank basks in Net gains Softbank Corp.'s strategic focus on its portfolio of equity investments, in which it is concentrating resources in Internet businesses, is becoming even more clear as its market capitalization swells. Softbank's shares closed at 61,000 yen Nov. 12, a new all-time high, despite the announcement the same day that the firm bled red ink in the fiscal first half. The share price gain was fueled by the market's favorable assessment of Softbank's growth prospects and Internet investment strategy, as the firm lessens its dependence on U.S. Net-related investments and expands into a wide range of online businesses in Japan. Investors were also cheered by the fact that capital gains in Softbank's holdings of U.S. and Japanese Internet-related stocks are boosting the liquidity it can tap to make new purchases. Softbank's liquidity available on a consolidated basis swelled to about 240 billion yen as of Sept. 30, up about 130 billion yen from March 31. Softbank reported Nov. 12 a consolidated net loss of 3.5 billion yen for the fiscal first half ended Sept. 30, compared with a net profit of 3.3 billion yen a year earlier. The firm posted a gain of 70.6 billion yen on the sale of a portion of its holdings in Trend Micro Inc., but that was not enough to offset a loss of 80.6 billion yen booked to unload its stake in the U.S. memory-board manufacturer Kingston Technology Co. Copyright 1999 Nihon Keizai Shimbun, Inc., all rights reserved.