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SoftBank

SoftBank CEO battles shareholders over more buybacks

Son faces calls for returns as group pours another $10bn into second Vision Fund

CEO Masayoshi Son speaks during SoftBank's online annual meeting with shareholders on June 23.

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son brushed off calls from shareholders to boost dividends and buy back more shares at the investment group's annual general meeting on Wednesday, amid a slump in its stock price.

The calls come only a month after SoftBank completed a 2.5 trillion yen ($22.5 billion) buyback and as SoftBank pours more capital into startups. The company committed another $10 billion to Vision Fund 2, bringing its total size to $40 billion, according to its annual securities report filed on Wednesday. The fund size was $10 billion at the end of last year. 

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