The SoftBank Group's financial results for the nine months from April to December last year resulted in a final loss of 912.5 billion yen.
Huge losses continue in the business of the affiliated investment fund, which has been the pillar of earnings.
The SoftBank Group announced its financial results for the nine months from April to December last year on the 7th.
In the investment fund business, which has a large impact on business performance, a new investment loss of 653.2 billion yen was recorded over the past three months, and the cumulative investment loss over the nine months has reached 5.068 trillion yen.
Investments in AI (artificial intelligence)-related startups, etc., which had been aggressively expanded, led to an increase in losses due to the slump in the stock market.
In addition, a loss of 728 billion yen was recorded as a result of the weaker yen.
However, on the other hand, in September last year, he sold part of the shares of Alibaba Group in China he held, and recorded a profit of more than 5.37 trillion yen, so the final nine months The profit and loss was a deficit of 912.5 billion yen.
While the investment fund under its umbrella, which had become a pillar of earnings, continued to suffer huge losses, the company continued to downsize its business by keeping the amount of new and additional investment to less than 10% compared to the same period last year. I'm here.