Stock Groups

SoftBank reports $13 billion FY net loss -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – SoftBank Corp logo is shown at the Tokyo news conference, Japan on February 4, 2021. REUTERS/Kim Kyung-Hoon

TOKYO, Reuters – SoftBank Group Corp announced a loss of 1.7 trillion yen (13.12 Billion) in the March year. This was due to a falling portfolio.

This compares to a record profit of 4.99 trillion Japanese yen a year prior, when SoftBank’s earnings surpassed global heavyweights like Warren Buffett’s Berkshire Hathaway.

($1 = 129.5400 yen)

[ad_2]