SoftBank ceased their share buyback program in August
The move came ahead of the company aiming to sell some of their assets.

SoftBank Group Corp (T: 9984) paused share buybacks Aug. 4-31 ahead of major asset sale announcements, a stock market report showed Tuesday, in a decline in support for the stock after 1 trillion yen ($ 9.4 billion ) were issued. The Japanese conglomerate "found that there were facts that could be classified as non-public material facts under insider trading regulation," the filing said. The corporation announced a significant cut in its stake in wireless device SoftBank Corp (T: 9434) on August 28, followed by the sale of chip designer Arm to Nvidia Corp (O: NVDA) on September 14. A company spokeswoman declined to comment on whether SoftBank will be able to buy back shares. The buybacks were a major driver for SoftBank's shares, which rose 160% from their March lows to their August 3 high when they closed at 6,932 yen. Since then, stocks have fallen around 8% and closed unchanged on Tuesday. SoftBank previously signaled a slowdown in the pace of its remaining planned share buybacks, valued at 1.5 trillion yen. The group sold assets to fund the buybacks and raise cash. SoftBank has invested in publicly traded technology stocks and, sources told Reuters, in equity derivatives. Executives are frustrated with the performance of SoftBank stock and have had talks early on to privatize the group, a person familiar with the matter told Reuters.





