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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

SoftBank WeWork Japan Yoshimitsu Goto SoftBank Group Corp
Copyright 2022 The Associated Press. All rights reserved

Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour.

Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier.

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