SoftBank Group posts $7bn loss for fiscal 2022

AI-focused Vision Fund continues to struggle amid rising interest rates

20230510 Softbank

SoftBank has posted two consecutive years in the red for the first time since the fiscal year that ended in March 2005.

Nikkei staff writers

TOKYO -- SoftBank Group announced on Thursday a final loss of 970.1 billion yen ($7.2 billion) for its consolidated financial results for the fiscal year that ended in March, marking the group's second consecutive year in the red after it posted a final loss of 1.708 trillion yen in the previous fiscal year.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.