SoftBank reports $37 bln Vision Fund profit on Coupang

1 minute read
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  • Group recorded Y233 bln loss on listed stocks, derivatives

TOKYO, May 12 (Reuters) - (This May 12 story corrects to show figure is annual profit not quarterly)


The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

SoftBank Group Corp (9984.T) on Wednesday reported a 4.027 trillion yen ($36.99 billion) profit at its Vision Fund unit after booking a fourth-quarter gain on investment Coupang , underscoring its recovery a year after a record loss.

($1 = 108.8600 yen)

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Reporting by Sam Nussey; Editing by Kim Coghill

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