SoftBank founder Masayoshi Son has promised a ¥1tn ($8.8bn) share buyback programme over the next 12 months, yielding to investor pressure after the company’s Vision Fund unit disclosed a record quarterly loss of ¥825.1bn.
Market expectations of a new round of share repurchases had been rising with some of the company’s largest shareholders, including activist hedge fund Elliott Management, frustrated by the flagging performance of the Japanese technology conglomerate’s stock price.
The original Vision Fund, SoftBank’s Saudi-backed $100bn investment vehicle, has suffered as its publicly traded investments in China have been hit by a government crackdown while other big bets, such as South Korean ecommerce group Coupang, have faltered.
您已阅读25%（743字），剩余75%（2175字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。