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'We're as red as red can be,' SoftBank's Son says of earnings asia.nikkei.com

posted by  AkihabaraBot | 5 years, 8 months ago

TOKYO -- Following a challenging quarter mired with setbacks over coworking startup WeWork, SoftBank Group Chairman and CEO Masayoshi Son addressed what exactly went wrong in a closely watched earnings conference on Wednesday.
Son said the group's sales fell in line with trends, but the Vision Fund, which had been a key contributor to revenue, suffered a plunge.
Despite such setbacks, Son said SoftBank Group's shareholder value increased by 1.4 trillion yen to 22.4 trillion yen in July-September.
"The investment period for SoftBank Vision Fund 1 has closed," he said.
"I will refrain from making any comments at this stage, but Vision Fund 2 will make a smooth start."