Reported 2 months ago
SoftBank Group is anticipated to announce a modest profit for the first quarter, but investor focus is on the potential for a significant share buyback amidst ongoing market challenges. CEO Masayoshi Son confronts calls for a $15 billion buyback, especially after the company's shares fell sharply, trading at a 60% discount to asset values. Analysts project a profit of approximately 109 billion yen, compared to a loss in the same period last year, as SoftBank rebuilds its finances following earlier setbacks.
Source: YAHOO