Lates News

SoftBank Group's Vision Fund business announced on Tuesday that it recorded a loss in the fiscal year ending in March, indicating a continued slowdown in earnings for this tech investment giant. The financial report shows that SoftBank's Vision Fund achieved investment income of 434.9 billion yen (approximately $2.9 billion) in the current fiscal year, a significant decrease of 40% from the previous year's 724.3 billion yen. The fund as a whole reported a pre-tax loss of 115.02 billion yen (approximately $777.7 million), in stark contrast to the profit of 128.2 billion yen in the previous year. SoftBank's stock price has fallen approximately 17% year-to-date due to concerns about financial market volatility and the macroeconomic environment.