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SoftBank Group forecasts $7-billion full-year net loss
Struggling Japanese conglomerate SoftBank Group on Monday forecast a $7-billion net loss for the year ended March due to the negative impact of coronavirus and losses related to WeWork. The firm cited a 1.8- trillion yen loss at its SoftBank Vision Fund, blaming "the deteriorating market environm
BY
Realty Plus
Published - Tuesday, 14 Apr, 2020
Struggling Japanese conglomerate SoftBank Group on Monday forecast a $7-billion net loss for the year ended March due to the negative impact of coronavirus and losses related to WeWork.
The firm cited a 1.8- trillion yen loss at its SoftBank Vision Fund, blaming "the deteriorating market environment" in the wake of the global coronavirus pandemic.
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