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SoftBank Group's Q1 FY2024 Results Revenue, Losses, and Stock Market Impact

By:Maxwell

TapTechNews August 7th news, SoftBank Group today announced the consolidated revenue data for the first quarter of fiscal year 2024 ending March 31, 2025 (three months ending June 30, 2024).

SoftBank's revenue in the first quarter was 1,701,747 million yen (TapTechNews note: currently about 84.073 billion yuan), an increase of 9.3% year-on-year; the net loss attributable to shareholders of the company was 174,281 million yen (currently about 8.61 billion yuan).

SoftBank Groups Q1 FY2024 Results Revenue, Losses, and Stock Market Impact_0

In the first quarter, the SoftBank Vision Fund had a net loss of 204,300 million yen (currently about 10.093 billion yuan), compared to a profit of 61,040 million yen in the same period last year. The investment income of the Vision Fund was 1,910 million yen (currently about 94.362 million yuan), a decrease of 99% year-on-year.

SoftBank Groups Q1 FY2024 Results Revenue, Losses, and Stock Market Impact_1

According to TapTechNews' report yesterday, the Japanese stock market suffered a heavy setback on Monday, dragging down the share price of SoftBank Group by 19%, setting the largest single-day decline since the company went public in 1998, and the market value evaporated by 15 billion US dollars (TapTechNews note: currently about 107.05 billion yuan). Resulting in a cumulative decline of 38% in the third quarter, which is expected to set the largest quarterly decline since 2001.

SoftBank revenue loss Vision Fund

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