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TOKYO (Reuters) – SoftBank Group on Thursday booked a quarterly loss of 789 billion yen ($5.22 billion), marking its fourth straight quarter in the red, as investment losses offset proceeds from the initial public offering (IPO) of chip designer Arm.
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Its Vision Fund investment unit, meanwhile, booked an investment profit of 21.4 billion yen in the latest quarter, having made a 160 billion yen profit three months earlier.
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The net loss at group level of 789 billion yen compares with a 3.01 trillion yen profit a year earlier when it sold down a large portion of its stake in Chinese e-commerce giant Alibaba.
($1 = 151.0200 yen)
(Reporting by Anton Bridge, Editing by David Dolan)
-TheStar