Japan's SoftBank Group trims investment losses but remains in red for fiscal year

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Softbank Group News

Investment Losses,Masayoshi Son,Vision Fund

TOKYO (AP) — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its...

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday.

The value of British semiconductor and software design company Arm, a SoftBank subsidiary, has surged in recent months, but that wasn't reflected in the earnings results. Arm listed on the Nasdaq last year. When a reporter asked why Son wasn’t present, Chief Financial Officer Yoshimitsu Goto said Son was busy focusing on new efforts in what the company is calling “the AI age.”

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