SoftBank announces Y500 bil share buyback

What sorcery is this?

"Share buyback", a.k.a. when you have too much money and see no way to invest it to grow the business.

"Share buyback", a.k.a. when you have too much money and see no way to invest it to grow the business.

And, don't want to pay a dividend, which is what corporations normally do with profit that is not reinvested.

Theoretically, it should create value for shareholders by increasing the value of the remaining shares, but that ultimately depends on the market.

These are just stock value games, probably done because someone's bonus or employment is tied to the share price.