05-12-2022 11:50 AM | Source: Reuters
SoftBank reports $13 billion FY net loss
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TOKYO - SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12 billion) for the year ended in March as the tech investor faces a sliding tech portfolio.
The result compared with a record 4.99 trillion yen profit a year earlier, when the boost from the listing of South Korean e-commerce firm Coupang saw SoftBank's earnings surpass global heavyweights including Warren Buffett's Berkshire Hathaway.
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