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<Asian Mkt>SoftBank Annual Loss Narrows by 77%; ~JPY1T Impairment on Investment in BABA During the Yr
Recommend 23 Positive 38 Negative 22 |
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Japan's SoftBank announced its full-year results for the year ended March. The loss was JPY227.646 billion, narrowed by 77% YoY. Basic loss per share was JPY170.99, and the final DPS was maintained at JPY22. Revenue for the year rose 2.8% YoY to JPY6,756.5 billion. During the period, the realised and unrealised impairment of SoftBank's investment in BABA-SW (09988.HK) was JPY995.9 billion, offsetting an unrealised gain of JPY371.1 billion on investment in T-Mobile US (TMUS.US). Within the year, SoftBank cashed out US$4.39 billion from the sale of BABA shares through prepaid forward contracts and US$5.12 billion from the listing of Arm (ARM.US). AAStocks Financial News |
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