![\"<p>SoftBank](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The Vision Fund<\/a> investing arm booked $50 billion in losses in the six months to end-June as valuations slid. Founder and Chief Executive Son has moved to cut headcount and refocus the second fund on managing its existing portfolio.
In the July-September quarter falling stocks included ridehailing and e-commerce firm GoTo and real estate broker Compass with e-commerce firm Coupang among the gainers.
SoftBank<\/a>'s portfolio also remains exposed to China, with companies including ridehailer Didi falling further during the second quarter. Alibaba, which SoftBank has been selling to raise cash, has fallen more than 40% year-to-date.
The conglomerate offers limited visibility into its private asset valuations, but announced chunky writedowns across the two Vision Funds in August. Redex Research analyst Kirk Boodry estimates public portfolio losses of around $5 billion.
Although SoftBank briefings are centred on Son's presentations, which employ imagery such as a goose or unicorns, the billionaire will this quarter limit himself to opening remarks, with Chief Financial Officer Yoshimitsu Goto presenting.
\"Masa has decided to focus additional time and energy this quarter on business opportunities related to Arm's future growth,\" a SoftBank spokesperson said.
The increased visibility for Son's long-time lieutenant Goto comes after an exodus of senior managers. Vision Fund's Chief Financial Officer Navneet Govil will also take the stage.
Son has outlined plans to list chip designer Arm in the United States after the sale to Nvidia<\/a> collapsed.
The Philadelphia SE Semiconductor Index is down about 40% year-to-date, with industry<\/a> players such as TSMC<\/a> and SK Hynix cautious on chip demand.
SoftBank's own shares, by contrast, are up a fifth this year, compared with an almost 40% slide in the tech-heavy Nasdaq Composite.
The conglomerate has been repurchasing its shares.
The \"outperformance leaves no upside,\" Jefferies analyst Atul Goyal wrote in a note last week, downgrading his rating on the stock to hold. \"For most\/all funding needs, SBG will use Alibaba shares to defend its balance sheet or stock price,\" Goyal wrote.
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软银面临科技股票的弱点在第二季度收益
愿景基金投资部门订了500亿美元的损失在六个月至6月底估值下跌。创始人兼首席执行官儿子已经削减员工数量,重新调整第二个基金管理现有的投资组合。
的视觉基金投资部门订了500亿美元的损失在六个月至6月底估值下跌。创始人兼首席执行官儿子已经削减员工数量,重新调整第二个基金管理现有的投资组合。
7 - 9月当季下跌股票包括ridehailing GoTo和房地产经纪人罗盘和电子商务公司和电子商务公司Coupang赢家之一。
软银的组合还暴露在中国,公司包括ridehailer迪迪在第二季度进一步下滑。阿里巴巴,软银已经出售,以筹集现金,今年迄今已下跌逾40%。
企业集团提供了有限的能见度到其私人资产估值,但宣布的整个8月两个视觉基金资产减记。Redex研究分析师柯克Boodry估计公共投资组合的损失约50亿美元。
虽然软银简报都集中在儿子的演示,采用图像如鹅或独角兽,亿万富翁本季度会限制自己的开场白,与首席财务官Yoshimitsu Goto呈现。
“玛莎已经决定将本季度额外的时间和精力集中在业务相关部门未来的增长机会,”软银发言人说。
增加能见度为儿子的长期中尉Goto之后大批高级经理。视觉基金首席财务官已经高也将登台演出。
儿子提出芯片设计部门在美国上市后出售英伟达崩溃了。
SE费城半导体指数累计下跌约40%,行业球员如台积电对芯片需求和SK海力士谨慎。
相比之下,软银的股价今年上涨了五分之一,而在Nasdaq指数收下滑近40%。
集团已回购股份。
“表现没有好处," Jefferies分析师Atul Goyal上周在一份报告中写道,下调股票评级。“对于大多数/所有的融资需求,小企业将使用阿里巴巴捍卫其资产负债表或股票价格,“Goyal写道。
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