Council reporter/Qi Yeyun
"This is the biggest loss since the establishment of the company!" SoftBank Chairman and CEO Sun Zhengyi said at the financial report conference that the current situation may be worse than June.
On August 8th, SoftBank Group released the financial report in the first quarter of fiscal year in 2022 (Note: April-June). According to the financial report, the net sales of SoftBank's first quarter of fiscal quarterly were 157.72 trillion yen (about 11.625 billion US dollars), an increase of 6.3%year -on -year; (About $ 23.388 billion). The comparison is even more tragic that the net profit was 761.509 billion yen in the same period last year.
The main loss of this loss was SoftBank Vision Fund, which caused 29191 trillion yen (about 21.586 billion US dollars) investment losses. In the financial report, SoftBank Group attributed the cause of losses as the plunge of technology stocks and the share value caused by the devaluation of the yen.
Specifically, the SoftBank Vision Fund Phase I (SVF1) holds a total of 80 investments (excluding exit), including 23 listed companies. Due to the decline in global stock prices, the fair value decreased, and the unrealized valuation loss (net) of SVF1 listed investment portfolios was $ 6.8 billion.
Among them, the Korean e -commerce giant Coupang floated $ 2.37 billion, Shangtang Technology (0020.HK) floated $ 1.75 billion, and the loss of US $ 1.6 billion in US takeaway platform DOORDASH. For non -listed companies, due to comparable companies' stock price declines, the unrealized valuation loss (net) record of SVF1 records totaled 2.19 billion US dollars.
SoftBank Vision Fund Phase II (SVF2) holds 269 investments. In addition to selling Shell shares in the first fiscal season, the unrealized valuation loss (net amount) of SVF2 records is $ 9.8 billion. The valuation loss (net amount) held by listed companies totaled 3.839 billion US dollars, mainly due to the decline in the stock price of AUTOSTORE and WeWork, the Norwegian warehousing robot company. For non -listing investment portfolios, the valuation loss (net amount) totaled 6.553 billion US dollars.
The surging news reporter noticed that by the end of June, the two -phase fund of SoftBank Vision did not return (excluding exit). SVF1's investment cost is US $ 68.1 billion, the return on investment is only $ 66.3 billion. SVF2 has made the fund's total cost of 48.2 billion US dollars, and the cumulative return on investment is only 37.2 billion US dollars.
At present, in addition to actively promoting the ARM listing plan, SoftBank Group has made financing through Ali stock prepaid long -term contracts (a derivative) in order to meet the needs of liquidity. By preparation for forward contracts, SoftBank can immediately raise cash, while retaining the possibility of continuing to hold shares (ie, repurchase).
The surging news reporter noticed that SoftBank Group's first fiscal season raised $ 10.5 billion by using Alibaba stocks. After July 1, financing increased another $ 6.8 billion.
However, as Alibaba's stock price rose, prepaid long -term contracts caused a loss of US $ 1.9 billion.
In order to change this situation, Sun Zhengyi said that he would take three major measures to greatly reduce operating costs, increase the standards for new investment, and increase the value of the current investment portfolio.
However, after such a big blow, Sun Zhengyi still believes that in the existing investment, it is still possible to bred the next Alibaba. Under the pressure, he said that he would continue to take greater investment risks and pursue the goal of vision. "These investment portfolios give me a deep impression, and I continue to believe in them."