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Opinion

SoftBank failures show it is time to break up Japan's conglomerates

Sprawling Kirin and Sony must heed activist calls for their dismantling too

| Japan
Masayoshi Son faces an existential choice. (Photo by Yuki Kohara) 

Investors in SoftBank Group finally see a shaft of sunlight amid the dark clouds which have surrounded it for months now.

Despite historically bad results announced on Wednesday, largely thanks to its Vision Fund's disastrous investments in WeWork and others, SoftBank's shares have rocketed from 4,500 yen ($41) to 5,700 yen per share in the past week. Investors have been cheered by activist Elliott Management's acquisition of 3% of SoftBank and a veiled demand that the company be broken up.

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