f
  •  
© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo © Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

By Sam Nussey

TOKYO (Reuters) - SoftBank Group Corp (T:9984) paused share repurchases over Aug. 4-31 ahead of major asset sales announcements, a stock exchange filing showed on Wednesday, in a drop-off in support for the stock after spending 1 trillion yen ($9.4 billion) since March.

The Japanese conglomerate "determined that there were facts that could be classified as nonpublic material facts under insider trading regulation," it said in the filing.

The group announced a major cut in its stake in wireless unit SoftBank Corp (T:9434) on Aug. 28, followed by the sale of chip designer Arm to Nvidia Corp (O:NVDA) on Sept. 14.

A company spokeswoman declined to comment on whether SoftBank is again in a position to buy back shares.

SoftBank's share price climbed 160% from March lows to peak on Aug. 3 at 6,942 yen. It has since fallen around 8%.

The group previously signalled a slowdown in the pace of its remaining 1.5 trillion yen worth of planned stock repurchases.

SoftBank has been selling assets to fund the buybacks and raise cash. Executives have held early stage talks on taking the group private, a person familiar with the matter told Reuters.


Other relevant articles 
[2020-09-14 11:40:22] SoftBank sets price in telco stake sale worth $11.7 billion
[2020-09-14 07:00:27] Softbank’s Arm Ltd Divestment Boosts Liquidity and Shares
[2020-09-14 01:25:22] SoftBank to sell chip designer Arm to Nvidia in $40 billion deal
[2020-09-13 20:20:19] Embattled SoftBank renews talks on taking the group private, FT...
[2020-09-12 19:00:19] Softbank nears deal to sell Arm Holdings to Nvidia for more than...
[2020-09-11 20:30:14] SoftBank reevaluating options trading strategy: Bloomberg News
[2020-09-09 02:30:07] SoftBank share slide 5% on U.S. tech rout
[2020-09-07 02:25:21] SoftBank shares down 3% after media reports of tech firm bets
[2020-09-04 18:40:11] Softbank bets heavily on option purchases, primarily in tech...
[2020-08-31 03:10:21] Telco SoftBank shares fall 3% as parent slashes stake
[2020-08-28 09:10:13] SoftBank to slash holding in wireless carrier; could raise $14...
[2020-08-27 14:45:07] SoftBank, Toyota venture unveils van with enhanced airflow as...
[2020-08-25 10:25:02] UK software provider Aveva to buy SoftBank-backed OSIsoft for $5...
[2020-08-25 00:50:26] Chip designer Arm to pause spin-off of its software units to...
[2020-08-17 17:40:22] SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla
[2020-08-14 01:40:10] WeWork gets new $1.1 billion commitment from SoftBank, cuts burn...
[2020-08-13 11:55:06] SoftBank-Backed KE Set to Raise $2.1 Billion in U.S. IPO
[2020-08-11 09:25:02] SoftBank drops operating profit measure, points to first quarter...
[2020-08-07 01:20:10] SoftBank seen booking 75% first-quarter profit drop as it returns...
[2020-08-04 08:40:03] Telco SoftBank first-quarter profit rises 4%, buoyed by...
[2020-08-04 03:55:03] SoftBank under-reported income by $380 million: source
[2020-08-03 11:25:23] SoftBank spent $3.8 billion on buybacks in July, August
[2020-08-01 19:30:16] SoftBank to maintain stake in Arm after partial sale: Nikkei
[2020-07-31 09:25:10] SoftBank-backed Zozo shares up 21% after first-quarter profit...
[2020-07-31 02:50:10] SoftBank approves $9.6 billion share buyback
[2020-07-20 19:05:23] SoftBank pulls Credit Suisse fund investment following review by...
[2020-07-13 23:35:24] SoftBank Group explores options for chip designer Arm Holdings: WSJ
[2020-07-13 03:05:22] After 133% Rally, SoftBank Investors Bet There’s More to Come
[2020-07-07 01:05:25] SoftBank-backed startups among those approved for US paycheck loan program
[2020-07-06 03:15:21] SoftBank governance reforms stop short of Vision Fund: sources
[2020-07-03 09:05:12] SoftBank Stock Bounces to 2020 Peak as Buyers Look Beyond WeWork
[2020-07-02 23:30:11] Wirecard debt that facilitated Softbank investment put up for...
[2020-07-02 18:00:09] SoftBank-backed Lemonade soares 73% in U.S. market debut
[2020-07-02 00:30:11] SoftBank-backed Lemonade raises $319 million in IPO
[2020-07-01 13:05:13] SoftBank-backed Lemonade raises IPO price range
[2020-06-29 08:05:25] Softbank to Repurchase Up To $1.86 Billion of Corporate Bonds,...
[2020-06-29 01:40:22] SoftBank to repurchase $1.9 billion of corporate bonds
[2020-06-27 12:55:14] Amazon, SoftBank held talks over Russian online retailer Ozon,...
[2020-06-25 04:50:10] SoftBank CEO says equity value back at pre-virus levels
[2020-06-24 01:55:07] SoftBank to sell T-Mobile shares at $103 apiece: source
[2020-06-23 07:00:06] Softbank sells T-Mobile Stake as part of $42 Billion Divestment...
[2020-06-23 03:15:03] SoftBank to Sell Slice of T-Mobile in a $21 Billion Deal
[2020-06-19 13:45:12] D.Telekom: we will keep control of T-Mobile if Softbank sells...
[2020-06-18 21:55:09] Softbank set to invest in more than a dozen U.S. minority-led...
[2020-06-16 06:45:03] SoftBank-backed ride-hailing firm Grab set to announce layoffs:...
[2020-06-15 11:45:24] SoftBank has spent $4.7 billion on share buybacks
[2020-06-12 11:25:18] SoftBank share buybacks near $3 billion despite May slowdown
[2020-06-11 11:25:06] SoftBank buyback puts financial rigour in question, says S&P
[2020-05-29 09:15:15] Softbank-backed Coupang under scrutiny after S.Korea warehouse...
[2020-05-27 07:30:09] SoftBank-backed Ola buys Dutch electric scooter company Etergo
[2020-05-21 11:40:10] In SoftBank slides, tofu, a goose and unicorns underpin sales...
[2020-05-21 09:25:06] Softbank says it will sell 5% of domestic telco
[2020-05-18 08:20:24] SoftBank posts record $13 billion operating loss as tech bets slide
[2020-05-18 06:55:21] SoftBank in talks to sell down T-Mobile US stake to Deutsche...
[2020-05-13 17:50:08] Japan´s Softbank sees consolidation in Latam food delivery
[2020-05-11 21:35:23] WeWork directors seek to preserve right to sue owner SoftBank
[2020-05-11 08:25:21] Japanese telco SoftBank sees full-year operating profit stable at Y920 billion
[2020-05-05 01:10:31] WeWork co-founder Neumann sues SoftBank over failed tender offer
[2020-04-30 02:20:12] SoftBank sees $8.4 billion net loss on WeWork writedown
[2020-04-29 17:10:07] Exclusive: SoftBank-backed Oyo to offload more loss-making hotels...
[2020-04-28 12:55:03] SoftBank may be winner as BOJ expands corporate debt buying
[2020-04-22 09:50:07] Softbank-backed OYO to cut pay of all employees in India: internal memo
[2020-04-20 22:25:23] WeWork committee pushes back against SoftBank, defends right to...
[2020-04-20 22:20:23] Mortgage payments paused or reduced for 3 million U.S....
[2020-04-14 07:30:06] Softbank’s Vision Fund Set for $16.5-billion Loss 
[2020-04-14 02:20:27] SoftBank shares untraded after estimating historic loss
[2020-04-13 12:45:24] SoftBank sees $16.5 billion full year Vision Fund loss
[2020-04-11 15:00:23] SoftBank CEO Son says will donate 300 million masks per month to...
[2020-04-07 14:35:03] WeWork special committee files lawsuit against SoftBank after...
[2020-04-02 06:55:07] SoftBank Pulls Out of WeWork Share BuyBack Deal
[2020-04-02 03:45:09] SoftBank to abandon $3 billion deal for additional WeWork shares
[2020-04-01 03:55:07] SoftBank names Goldman alumnus Taiichi Hoshino head of investment planning dept
[2020-03-26 04:55:11] SoftBank’s Big Bet on Sharing Economy Backfires With Coronavirus
[2020-03-24 05:00:19] SoftBank Surge 15%; Reportedly Close to Selling $14B in Alibaba
[2020-03-24 02:55:26] SoftBank shares jump 20% on record buyback announcement
[2020-03-23 07:15:29] SoftBank Soars After Unveiling $41 Billion Plan to Slash Debt
[2020-03-23 06:15:29] SoftBank to sell up to $41 billion assets to fund another share...
[2020-03-20 07:35:20] SoftBank shares close down 17% in biggest one-day fall
[2020-03-19 18:25:20] SoftBank seeks $10 billion for Vision Fund in coronavirus fight
[2020-03-19 07:40:07] SoftBank shares close down 17% in biggest one-day fall
[2020-03-18 07:15:14] SoftBank Down 10%, Said It Could Withdraw from Agreement to Buy...
[2020-03-17 22:30:12] SoftBank backs away from part of planned WeWork bailout - WSJ
[2020-03-13 07:00:18] SoftBank Set to Buy Back as Much as 7% of Shares for $4.8B
[2020-03-13 01:45:11] SoftBank Group to buy back as much as 7 percent of its shares
[2020-03-12 06:10:16] SoftBank’s CEO Reconsiders Plans for Free Virus Tests Amid Negative Feedback
[2020-03-07 00:20:14] South Korea passes bill limiting Softbank-backed ride-hailing...
[2020-03-04 03:20:07] Exclusive: SoftBank-backed CloudMinds blocked from exporting U.S....
[2020-03-03 07:30:05] Masayoshi Son, CEO of SoftBank, Says He will “Start to be More...
[2020-02-28 19:00:16] Exclusive: SoftBank communications chief Gary Ginsberg takes...
[2020-02-28 15:10:14] Elliott presses SoftBank to identify $10 billion of investments...
[2020-02-24 12:15:23] SoftBank leads $165 million capital boost for liquid biopsy firm...
[2020-02-18 23:40:05] SoftBank-backed South Korean ride-hailing Tada fights for...
[2020-02-18 08:20:03] SoftBank spends $2.5 billion to get second Vision Fund off the...
[2020-02-17 10:00:43] SoftBank-backed Oyo says annual loss grew over six-fold on China...
[2020-02-13 07:25:07] SoftBank’s Son Considers New Type of Fund for Startup Investing
[2020-02-13 05:50:10] SoftBank Shares Down 2.8% Amid Weak Quarterly Earnings; Sprint...
[2020-02-12 07:20:06] SoftBank Group third-quarter op profit falls 99%; misses analyst...
[2020-02-12 04:35:10] SoftBank Shares Jump 14% After U.S. Judge Approves...
[2020-02-12 01:20:07] SoftBank shares untraded with glut of buy orders after...
[2020-02-10 15:15:23] SoftBank-owned Arm to launch new AI chip for small devices