TOKYO: Masayoshi Son, who counted Steve Jobs as a friend, mirrored the late Apple Inc founder when he kept Softbank Group Corp investors waiting nearly two hours before revealing his “one more thing” after quarterly results were disclosed – a one trillion yen (US$9bil or RM37.37bil) share buyback.
Son, the company’s founder and chairman, said that as one of the shareholders, he was “delighted.” Investors, starved of buybacks for the past six months, agreed, sending shares 11% higher in Tokyo on Tuesday, before running back some of those gains with a drop of as much as 5.1% yesterday.
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