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SoftBank Unveils New Plan to Buy Back 500 Billion Yen of Shares

SoftBank Corp. Stores As The Group Forecasts Record Losses
Photographer: Kiyoshi Ota/Bloomberg

SoftBank Group Corp. said it will buy back as much as 500 billion yen ($4.7 billion) of its own stock, continuing a repurchase effort that has boosted its share price after heavy losses earlier this year.

The Tokyo-based company said it would buy back up to 5.75% of its shares, according to a statement. It said this month that it had finished an earlier repurchase program, also for 500 billion yen.