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SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record loss

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SoftBank's Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31.

The company said on Thursday that its Vision Fund segment lost a record 4.3 trillion Japanese yen for its fiscal year ending Mar. 31.

SoftBank is also gearing up for the IPO of Arm, the British chipmaker it acquired in 2016. Arm has filed confidentially in the U.S. for a listing. SoftBank's CFO said the IPO process is "going smoothly."SoftBank's Vision Fund posted a record loss in the year ended Mar. 31, 2023. The flagship tech investment unit has been hit by the falling prices of tech stocks.fell on Friday after the company reported a record loss at its Vision Fund tech investment unit.

 

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SoftBank posts record $32 billion loss at its Vision Fund tech investment armSoftBank's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.
Source: CNBC - 🏆 12. / 72 Read more »