Yen for SoftBank: boss Masa Son seems to be stretching to achieve yet another sort of unification, when growth and value investing become one, jgfarb says. Graphic by ReutersFlasseur :
SoftBank Group said on May 9 it would split its stock two for one to attract more investors, while continuing to pay a dividend of 44 yen per share, effectively doubling the payout.
The sprawling Japanese technology and telecom company also reported annual operating profit of 2.4 trillion yen , about 80 percent higher than a year earlier. The increase was thanks in large part to higher valuations of investments in companies such as ride-hailing app operator Uber, which is set to go public on May 10 in New York, and Indian budget hotelier Oyo.
SoftBank said the value of investments in 69 companies made by its roughly $100 billion Vision Fund had increased to $72.3 billion at the end of March from their approximately $60.1 billion acquisition cost, excluding investments it had already exited.
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