The $54.5bn listing of SoftBank’s chip unit Arm Holdings gave analysts good reason to expect a positive group net income figure for the September quarter. Perhaps that was why Masayoshi Son, founder of the Japanese tech investment group, was not on hand to deliver the results with his usual dramatic flair.
The group announced a disappointing net loss of ¥931bn ($6.2bn). If SoftBank cannot turn a profit with a boost as big as Arm, when can it?
The flagship Vision Fund segment has been hit by valuation declines of tech investments and the bankruptcy of WeWork.
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