MADRID, 8 Ago. (EUROPA PRESS) –
The Japanese conglomerate SoftBank Group recorded losses of 3.16 trillion yen (22,990 million euros) in its first fiscal quarter, which runs between April and June, in contrast to the attributed net profit of 761,509 million yen (5,537 million euros ) accounted for in the same period last year, the company reported.
SoftBank’s ‘red numbers’ in the quarter reflect the devaluation of the Japanese company’s investments through its technology funds Vision Fund 1 and 2, which reported losses of 2.83 trillion yen (20,610 million euros).
Specifically, Vision Fund 1 recorded an adverse result of 30.5 billion yen (222 million euros), in addition to latent losses on its investments of 1.21 trillion yen (8.84 billion euros), while Vision Fund 2 capital losses of 1.32 trillion yen (9,640 million euros) were recorded.
On its side, SoftBank’s turnover between April and June was 6.3% above the figure for the previous year, with 1.57 trillion yen (11,420 million euros).