Friday, 24 March, 2023

SoftBank Vision Fund posts ¥3.5 trillion loss for last FY

<p>SoftBank, for the FY ending in March, posted a record net loss of &yen; 1.7 trillion. This is a significant drop from the previous year&#39;s earnings of &yen;4.99 trillion. The company&#39;s problems were principally caused by a &yen; 3.5 trillion loss in its Vision Fund. SoftBank&#39;s unlisted portfolio companies saw a valuation increase of &yen; 864 B. Total revenue for Arm in 2021 increased by 35% to $2.7 B. Earnings before interest, taxes, depreciation, and amortisation rose by 68 % to $1B YoY.</p>