Softbank Vision Fund swings to the annual loss with slow investment gains

SoftbankOn Tuesday, the works of the Vision Fund recorded a loss in the fiscal year ending in March, as it booked slowdown in its huge investment arm.

Softbank said it had achieved an investment in its 434.9 billion yen’s vision funds in the fiscal year, with 40 % of 724.3 billion yen that was booked in the previous year.

In the fourth financial quarter – the three months ending in March – the SoftBank Vision Sector has a profit 26.1 billion yen, with the help of the high value of the Tiktok owner.

The vision fund sector has a total of 115.02 billion yen ($ 777.7) for a profit of 128.2 billion yen in the previous fiscal year.

Over the past fiscal year, Softbank has seen gains in its investments at the Chinese Ridehald Didi company as well as the South Korean e -commerce company Coupang. However, the performance of its investment arm has a decrease in the value of companies including Autostore.

The vision boxes are the main axis of investors looking for signs of improvement in the huge investment arm in Softbank, after that Slave a sudden loss In the third financial quarter of the company.

The investment department in Softbank can be inconsistent, as it is driven by changes in public and private financial markets.

Softbank shares decreased by about 17 % this year with the continued fluctuation in the financial markets and concerns about the macroeconomic environment in influencing the company.

Softbank Masayoshi Son sought to put the company K. The main player in artificial intelligence Through various investments and acquisitions. The company has a majority of semiconductor designers arm And announced this year’s plans To acquire Amper computing server designer for $ 6.5 billion. The semiconductors are designed to run artificial intelligence applications.

It was one of the largest artificial intelligence stakes in Softbank in Openai, Chatgpt. Softbank has invested $ 30 billion in Openai as part of a wider $ 40 billion financing round in March, which is estimated at the start of the starting start at $ 300 billion.

Softbank is also involved in Stargate, a joint venture unveiled by US President Donald Trump in January, and called for hundreds of billions of dollars in investment in Amnesty International’s infrastructure.

There are still questions about how Softbank is planning to finance these projects and whether they will need to sell some of their property in companies such as ARM.

Quoting people familiar with this issue, Bloomberg said on Monday that dozens of financial players re -evaluate investment in data centers due to the increasing economic fluctuations, and Softbank has yet to reach a Stargate financing template.

Yoshimitsu Goto, Softbank, chief financial official at Softbank, said at a press conference on Tuesday that media reports on banks that are frequented in financing Softbank’s efforts are not correct.

“We are making great progress,” said Goto.

He added that there are about 100 proposals submitted to the sites to create data centers as part of Stargate, as it is possible that the first facilities in Texas are.

Although the vision box was a total profit withdrawal, it was a great gain in the oldest Softbank investments in Ali Babaand T-Mobile and Deutsche TelecomThis helped to pay its total profit.

The company ARM and Softbank also contributed to the field of wireless communications positively in the total profitability of the group.