A SoftBank logo is seen at its shop in Tokyo, Feb 21, 2023. (PHOTO / AP)
TOKYO - SoftBank Group Corp on Thursday announced a net loss of 1.41 trillion yen ($9.3 billion) 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, SoftBank Group Corp booked 789 billion yen of loss, marking its fourth straight quarter in the red
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.
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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.