SoftBank Q1 Net Loss Narrows, Vision Funds Returns On Profit Lane
Portfolio Pulse from Lekha Gupta
SoftBank Group Corp reported a Q1 FY23 net sales decline of 0.9% Y/Y to ¥1.56 trillion. The company reported a net loss attributable of ¥(477.6) billion, which narrowed from the loss of ¥(3.16) trillion in the previous year. The company reported an investment loss of ¥689.7 billion due to a decline in the share prices of Alibaba Group Holding Ltd, Deutsche Telekom AG, and T-Mobile US Inc. The Vision Fund unit booked an investment gain at SoftBank Vision Funds of about ¥159.8 billion ($1.1 billion) in Q1 FY23.
August 08, 2023 | 9:59 am
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NEGATIVE IMPACT
SoftBank reported an investment loss due to a decline in the share price of Alibaba.
SoftBank's reported investment loss due to a decline in Alibaba's share price could negatively impact Alibaba's stock price as it indicates a loss of value in one of its major investors' portfolios.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SoftBank reported a net loss and an investment loss due to a decline in the share prices of Alibaba, Deutsche Telekom, and T-Mobile. However, the Vision Fund unit booked an investment gain.
SoftBank's reported net loss and investment loss due to declining share prices of its investments could negatively impact its stock price. However, the investment gain reported by the Vision Fund unit could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100