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home / news releases / SFTBY - SoftBank's Son open to further buybacks amid stock pullback

SFTBY - SoftBank's Son open to further buybacks amid stock pullback

SoftBank Group Corp ADR
tupungato/iStock Editorial via Getty Images SoftBank ([[SFTBF]],[[SFTBY]]) shares have pulled back with broader tech weakness and closed Wednesday flat at 7,688 yen. A further pullback could set the stage for further share buybacks. During the annual shareholder meeting, founder Masayoshi Son said, "Buybacks are always on my mind as an important option but when and how big requires balanced thinking." SoftBank wrapped up its last buyback program, which totaled $22.6B, in May. Son also said there were other potential uses for SoftBank's capital and noted that investors "being so concerned about only this makes me a little sad." Recent news: Credit Suisse cuts lending relationship with SoftBank founder Son

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SoftBank's Son open to further buybacks amid stock pullback
Stock Information
Company Name: SoftBank Group Corp ADR
Stock Symbol: SFTBY
Market: OTC
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