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The buyback announcement came after SoftBank crashed to a quarterly loss as the value of its holdings slumped amid weakness in tech shares and a regulatory crackdown in China.
SoftBank’s shares quadrupled during a record 2.5 trillion yen buyback launched in the depths of the COVID-19 pandemic last year, but had slid 40% from a peak in May amid a lack of positive catalysts for the stock.
The repurchase period for the latest buyback – SoftBank’s second-largest – runs to Nov. 8 next year.
($1 = 113.3500 yen)
