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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 08/11/1957
Place of birth : Tosu - Japan
Biography : Masayoshi Son is a Japanese entrepreneur and businessperson who founded SoftBank Group Corp., SoftBa

Son's SoftBank stake rises to 29% after treasury share retirement

05/20/2021 | 05:35am EDT
FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo

TOKYO (Reuters) - SoftBank Group Corp CEO Masayoshi Son's stake in the Japanese conglomerate he founded has risen to 29.01% from 26.90% in February following the retirement of treasury shares, regulatory filings showed on Thursday.

Son's stake would be larger if not for the exclusion of shares held by an entity which, according to filings, Son no longer represents after being replaced by his brother Taizo Son.

SoftBank completed a record $23 billion share buyback programme this month and has retired most of its treasury shares. The stock has lost 20% since hitting two-decade highs in March.

(Reporting by Sam Nussey; Editing by Jan Harvey)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. -0.25% 7088 End-of-day quote.-12.04%