Sofvan Group “I reflect on it but don't shrink” Can I recover my business performance?
The Softbank Group suffered a large loss due to the deterioration of the business of US share office giant, WeWork, the investee, and the interim financial results until September fell into an operating deficit for the first time in 15 years. It seems that the question is whether the investment can be rigorous and the business performance can be recovered with aggressive investment.
SOFTBANK Group's interim results up to September, the operating loss was 15.5 billion yen deficit and the turnover from the same period last year, which was surplus 1.4 trillion yen, fell to the operating deficit for the first time in 15 years Did.
The SOFTBANK Group has recently invested in leading companies overseas, such as by setting up a 10 trillion yen investment fund, leaving the mobile phone business to a subsidiary, and has been expanding profits.
However, this time, the management of US share office giant WeWork, the investee, deteriorated, resulting in a huge loss in the funds it managed and the performance was hit.
President Masayoshi Son said at the press conference on the 6th, “My investment judgment was bad.
Last week, we decided to add 1 trillion yen for support, but President Son emphasized the idea that no investment will be made to save even if the investee becomes deficit.
On the other hand, he said, “I will reflect, but not shrink,” and showed a bullish attitude to continue aggressive investments, including the second huge fund that is scheduled to be established. Therefore, it seems that it will be questioned whether the investment judgment can be made strict and business performance can be recovered.