SoftBank Slips To Net Loss In H1, Sales Rise; Stock Up

Japan's SoftBank Group Corp. (SFTBY.PK,SFTBF.PK) reported Friday that its first-half net loss attributable to owners of the parent was 129.10 billion yen, compared to last year's profit of 363.57 billion yen.

Loss per share was 95.14 yen, compared to profit of 195.62 yen a year ago.

However, the company recorded an income before income tax of 292.64 billion yen, down 72 percent from prior year's 1.05 trillion yen.

Net sales grew 6.7 percent to 3.18 trillion yen from 2.98 trillion yen last year.

Investment loss of 4.35 trillion yen was recorded at SoftBank Vision Funds.

In Japan, SoftBank shares were trading at 6,953 yen, up 1.76 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT