SoftBank Group forecasts $7b full-year net loss
World BusinessApr 13, 2020
TOKYO (AFP) -- 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 telecoms and investment giant, led by flamboyant entrepreneur Masayoshi Son, also said in a surprise press release it expected to suffer an operating loss of 1.35 trillion yen or $12.5 billion. The firm cited a 1.8-trillion yen loss at its SoftBank Vision Fund, blaming “the deteriorati