Low value: A customer enters a SoftBank Corp store in Tokyo. SoftBank is struggling to get investors to re-evaluate its shares, which are down by about half since last year’s March highs. — Bloomberg
TOKYO: Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings tomorrow, with the valuations of top portfolio companies slipping and heavyweights departing the Japanese technology conglomerate.
Major SoftBank Group assets that went public over the last year and are now trading below their listing price include ride-hailing company Didi Global, e-commerce firm Coupang and used-car platform Auto1 Group.
