SoftBank posts $7.18 bln annual net loss

Reuters · 05/11/2023 06:03
SoftBank posts $7.18 bln annual loss

- Japan's SoftBank Group Corp 9984.T reported an annual loss of 970 billion yen ($7.18 billion) for the year ended March 31, hit by the falling value of its technology investments.

That compared with a loss of 1.7 trillion yen in the same period a year earlier.

($1 = 135.0500 yen)

(Reporting by Sam Nussey; Editing by Christopher Cushing)