SoftBank Group reports net loss of 9.3 bln USD in first fiscal half-Xinhua

SoftBank Group reports net loss of 9.3 bln USD in first fiscal half

Source: Xinhua

Editor: huaxia

2023-11-09 15:35:45

TOKYO, Nov. 9 (Xinhua) -- SoftBank Group Corp. on Thursday announced a net loss of 1.41 trillion yen (9.3 billion U.S. dollars) in the first half of fiscal 2023, or the April-September period.

The figure expanded from a net loss of 129.1 billion yen booked a year earlier, with the losses in the recording period attributed in part to a fall in the value of its investment portfolio, the group reported.

On a quarterly basis, the technology and investment giant booked 789 billion yen of loss, marking its fourth straight quarter in the red.

Sales of the group rose 1.4 percent from a year earlier to 3.23 trillion yen for the six months, its financial results showed.

The technology and investment giant reported 963.6 billion yen of investment losses in the six-month period, compared to a loss of 849.6 billion yen for the same period of the previous fiscal year.

The company did not release an earnings outlook. (1 Japanese yen equals about 0.0066 U.S. dollars)