Latest Tokyo Brief coverage on SoftBank Corp., tracking filings, financial news, and market signals from Japan.
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IPS, Inc. will issue 1,263,500 shares through Mizuho, with up to 189,500 more tied to an over-allotment, and says net proceeds of up to ¥5.49bn will go to a roughly ¥23bn Wakayama cable project whose final cost to IPS remains open.
Seven & i Holdings used a single ToSTNeT-3 session to complete a ¥400bn share buyback, then two weeks later allotted ¥300bn in treasury shares to SoftBank, PayPay and Sumitomo Mitsui Card in a separate transaction that the filing does not otherwise explain.
PayPay's quarterly net profit rose to ¥19.7bn as its banking and brokerage units grew faster than the core payments app, even as the company commits ¥100.0bn to a new Seven & i Holdings alliance and lines up a life-insurance purchase.
Current holdings disclosed by tracked funds.