TOKYO: Japanese conglomerate SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a better-than-expected annual profit.
That was above a 2.1 trillion yen SmartEstimate that gives a greater weighting to top-rated analysts, Refinitiv data shows. SoftBank is also considering listing the Saudi-backed Vision Fund, which has invested roughly US$80 billion in around 80 tech firms, a source told Reuters last week.On Thursday, SoftBank said the value of Vision Fund's investments in 69 companies had risen to US$72.3 billion at end-March, from their US$60.1 billion acquisition cost, driven by gains at companies like Uber and Indian hotels startup OYO.
That provided the funds for a share buyback that has helped drive up SoftBank Group's stock by nearly 60 percent this year. The shares closed up 0.7 percent ahead of the earnings.
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