TOKYO : SoftBank Group Corp reports earnings on Thursday amid an uptick in some stocks held by its Vision Fund unit, and with the market thirsty for details on its upcoming listing of Arm aimed at bolstering the investment company's balance sheet.The fourth-quarter earnings come after the Vision Fund unit
TOKYO : SoftBank Group Corp reports earnings on Thursday amid an uptick in some stocks held by its Vision Fund unit, and with the market thirsty for details on its upcoming listing of Arm aimed at bolstering the investment company's balance sheet.
"The public side did well but questions linger about the private side because we don't have a lot of visibility on that," said analyst Kirk Boodry at Astris Advisory Japan.Portfolio firms of the Vision Fund unit whose shares climbed during January-March include e-commerce firm Coupang Inc and robotics firm AutoStore Holdings Ltd.SoftBank filed with regulators confidentially for a U.S.
SoftBank has been reducing its stake in Chinese e-commerce giant Alibaba Group Holding Ltd to raise capital. Semiconductor stocks were hit hard during a market rout last year but have since rebounded, with the Philadelphia SE Semiconductor Index up 17 per cent year-to-date.
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