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SoftBank posts record $32 billion loss at its Vision Fund tech investment arm

SoftBank's flagship investment unit, the Vision Fund, has posted a record loss for its fiscal year, as the rally in tech stocks has done little to help another difficult year for the investment giant. The Japanese giant's Vision Fund segment posted a 4.3 Trillion Japanese Yen ($32 billion) loss for its fiscal year ending Mar. 31, compared to a 2.55 trillion yen loss in the same period a year before. SoftBank posted an overall loss on investments of 5.28 trillion Japanese yen versus 3.43 trillion yen a year before. Despite a rally this year in tech stocks, they are broadly still lower than a year ago. The tech-heavy Nasdaq 100 index declined about 11% during SoftBank's fiscal year. Overall, SoftBank posted a net loss of 970.14 billion yen for the fiscal year, narrower than the 1.7 trillion loss in the same period a year before. Despite gains from exiting investments in high-profile companies like ride-h

The post SoftBank posts record $32 billion loss at its Vision Fund Tech Investment Arm appeared first on Balanced News Summary.



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SoftBank posts record $32 billion loss at its Vision Fund tech investment arm

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