Breadcrumb

News

Press Releases

Resolution regarding Share Repurchase

(Share repurchase under the provisions of SBG's Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announces today that its Board of Directors resolved the repurchase of its own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3.

1. Reason for share repurchase

SBG has decided to repurchase its own shares to enhance shareholder returns and to realize fair shareholder value by rectifying the situation where SBG shares are traded at a deep discount to NAV (Net Asset Value, calculated as the value of shares held minus adjusted net interest-bearing debt).

While being firmly committed to existing financial policies regarding SBG’s LTV (Loan to Value, calculated as adjusted net interest-bearing debt ÷ equity value of holdings) and cash position, SBG will flexibly repurchase its shares while considering investment opportunities for sustainable growth and the level of NAV discount, among others. Depending on the balance of these factors, there is a possibility that the share repurchase may not reach the upper limit of 1 trillion yen within the repurchase period resolved at this time.

SBG plans to retire the acquired treasury stock.

2. Details

(1) Class of shares to be repurchased:Common stock of SBG
(2) Total number of repurchasable shares:250,000,000 (maximum)
(14.6% of the total number of shares issued excluding treasury stock)
(3) Total repurchase amount:JPY 1 trillion (maximum)
(4) Repurchase period:From November 9, 2021 to November 8, 2022

Reference:

Treasury stock held as of October 31, 2021

Total number of shares issued
(excluding treasury stock):
1,713,696,790 shares
Number of treasury stock:9,256,940 shares
  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.