SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.
Here’s how SoftBank did in the September quarter against LSEG estimates:
- Net sales: 1.67 trillion Japanese yen ($11 billion) versus 1.6 trillion yen expected
- Net loss: 931.1 billion yen ($6.2 billion) versus an expected loss of 114.1 billion yen
For the first half of SoftBank’s fiscal year, it posted a 1.41 trillion loss ($9.3 billion). This compares to a 3 trillion yen profit in the same period last year. SoftBank said a weaker yen hit the company since it has a lot of U.S.-dollar denominated liabilities.