In response to media reports that SoftBank’s profit is to set a domestic record, the conglomerate said it would record gains but valuations were still being calculated.
TOKYO: SoftBank Group Corp’s US$100bil (RM411bil) Vision Fund is widely seen reporting record earnings on May 12 after portfolio companies listed during the quarter, mostly driven by gain on its stake in South Korean e-commerce giant Coupang.
SoftBank’s 37% stake in Coupang, which sources have said was acquired for about US$3bil, was worth around US$30bil at the end of the March quarter. Coupang shares have slipped 14% since March.
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