Since 1975
  • facebook
  • twitter
  • instagram
  • youtube
  • Line
JP
  • facebook
  • twitter
  • Home
  • Business
  • SoftBank reports record $13 bn full-year net loss

SoftBank reports record $13 bn full-year net loss

The investment giant reported a net loss of 1.708 trillion yen ($13.17 billion) in the year to March 2022. (AFP)
The investment giant reported a net loss of 1.708 trillion yen ($13.17 billion) in the year to March 2022. (AFP)
Short Url:
12 May 2022 03:05:50 GMT9
12 May 2022 03:05:50 GMT9

Japan’s SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw assets hit by a US tech-share rout and a regulatory crackdown in China.

The investment giant reported a net loss of 1.708 trillion yen ($13.17 billion) in the year to March 2022 — a vertiginous plunge from its 4.99 trillion yen net profit the previous year, when results were boosted by huge market rallies.

AFP

topics
Related
SoftBank eyes $15-25 bn investment in OpenAI: FT
SoftBank, Trump announce 15 trillion yen U.S. investment
Most Popular
A powerful earthquake shook Nagano, but with no tsunami
UAE Youth Ambassadors at Expo 2025 enhance UAE’s global image
JIMOTO holds unique Japanese cultural experience in Dubai
Zelensky may attend Osaka-Kansai Expo in August
Japanese entertainment eyes Middle East boom at Tokyo seminar
Recommended
This is what one family in Gaza returned home to after 15 months of war
Japan’s Osaka bans street smoking ahead of Expo 2025
Japanese anime tourism continues to be big hit for Arab travelers
Major success for the 1st edition of Animenia Festival
As Gaza hostage crisis drags on for Israel, here’s what we know
AI tools to detect dementia under development in Japan
Saudi oil supplies nearly 40% of Japan’s needs in April
Stolen pure gold tea bowl found at Tokyo antique shop
Japan wants Iran to calm Middle East tension
Lebanese newspaper introduces ‘AI President’ in effort to break political deadlock

return to top

Default Language / 言語

×
日本語 English
<