Matthews Japan Fund Comments on SoftBank

- By Holly LaFon

Turning to individual securities, telecom and venture capital firm SoftBank ( TSE:9984 ) was the largest contributor to performance. SoftBank's share price rose following the announcement of a massive 600 billion yen (US$5.5 billion) stock buyback. The recent IPO of transportation network company Lyft in the U.S. and other unicorn companies going public also spurred interest in pre-IPO companies that SoftBank and its Vision Fund currently hold.

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• TSE:9984 15-Year Financial Data

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From Matthews Japan Fund (Trades, Portfolio) first-quarter 2019 shareholder commentary.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 8 Warning Signs with TSE:9984. Click here to check it out.

• TSE:9984 15-Year Financial Data

• The intrinsic value of TSE:9984

• Peter Lynch Chart of TSE:9984