TOKYO -- SoftBank Group swung to a net loss in the July-September quarter due to share price declines in some of its key investments, including South Korean e-commerce player Coupang and Chinese ride-hailer Didi Global.
SoftBank also said it will buy back up to 1 trillion yen of its own shares until Nov. 8, 2022 "to realize fair shareholder value by rectifying the situation where [SoftBank] shares are traded at a deep discount" to the value of its assets.
