SOFTBANK Group Expanded deficit to 900 billion yen

SOFTBANK Group Expanded to a deficit of 900 billion yen Maximum deficit at 9:36 on April 30

SOFTBANK Group announced that it will downwardly revise its business outlook for the fiscal year ending March 31, 2018, and that the final loss will increase from the previously expected 750 billion yen deficit to a 90 billion yen deficit. This is because losses related to WeWork, a major shareholder in the United States, where the investment was made, expanded more than expected. It is the first time in 15 years for the SoftBank Group to make a final deficit in its annual results, the largest deficit ever.