[ad_1]
The SoftBank Group’s July-September (second quarter) financial results showed a significant improvement in net income of 627.5 billion yen, compared to a deficit of 700.2 billion yen in the same period last year.Investment businesses like Vision Fund continued to improve and became profitable for the second consecutive quarter.
According to the materials released on the 9th, the profit / loss on the investment was 1,050.4 billion yen. The same period last year was a deficit of 1,430.9 billion yen. Of this amount, investment gains and losses from funds managed by Softbank Investment Advisors (SBIA), such as Vision Fund, were a surplus of 1,040.1 billion yen (a deficit of 943.7 billion yen in the same period of the year previous). The fund business’s profit before tax was 784.4 billion yen, an increase from the previous quarter (129.6 billion yen).
From the moment of the announcement of the financial results for the period April-June in August, Softbank G changed its operating income to the disclosure of investment gains and losses. This is because operating income does not include realized gains / losses from the sale of investment securities and dividends of investee companies, and it is not useful for correctly displaying consolidated business results as a strategic investment holding company.
As of the end of September, Vision Fund No. 1 owns 83 shares, with a total investment of $ 75 billion (7.73 trillion yen) and a total fair value of $ 76.4 billion. Vision Fund No. 2 owns 13 shares and has an investment of $ 2.6 billion and a fair value of $ 7.6 billion.
Vision Fund No. 2 is a Chinese online real estate trading platform company, Bake, which was listed on the US market in August.KE Holdings) posted a profit of 536.6 billion yen due to rising share prices. The fund invested $ 1.35 billion in Bake last November.
| Results for the July-September period |
|---|
|
The company posted the largest deficit since its founding with a net loss of 961.6 billion yen in the previous fiscal year (ending in March 2020), but in addition to the increase in global stock prices,Alibaba Group HoldingBusiness performance is improving due to the sale of some assets, such as shares of T Mobile in the US National telecommunications subsidiary in SeptemberSoftbank sharesSales launched, all shares of the British arm of the semiconductor design subsidiary in the US.Sell to NvidiaAnnounced.
According to the financial statements, the asset sale plan of up to 4.5 trillion yen announced in March this year exceeded the target amount and reached 5.6 trillion yen. Surplus funds are said to be used in the future after considering the balance sheet. Regarding debt, the total amount of $ 9.44 billion was repaid by loans with Alibaba shares, and the senior loan of 300 billion yen was also paid before the deadline.
The company was also found to have invested around $ 3.9 billion in 25 US tech companies at the end of June. By the end of SeptemberAmazon.com andInvested in physical stocks like Facebook and Nvidia, with a total fair value of $ 16.8 billion.
(Details of debt reduction and investment in US cash stocks will be added after the seventh paragraph.)
