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Japan's SoftBank books hefty Vision Fund loss but returns to quarterly profit

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TOKYO :Japan's SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight quarter, even as the company itself posted its first quarterly profit in as many quarters.Investment losses at the Japanese tech firm's flagship Vision Fund unit totalled 1.38 trillion yen ($9.75

TOKYO :Japan's SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight quarter, even as the company itself posted its first quarterly profit in as many quarters.

Net profit at SoftBank itself came to 3.03 trillion yen in the July-September second quarter, a sharp turnaround from a 3.16 trillion yen loss in the previous quarter.

 

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