SoftBank reports $3.5 billion net loss in Q2

Tokyo: SoftBank Group Corp slipped into the red with a 397 billion yen ($3.5 billion) loss for the July-September quarter, hit by falling valuations in the tech portfolio of its Vision Fund unit.

The loss compared with a profit of 628 billion yen in the same period a year earlier.

The Vision Fund unit reported a quarterly investment loss of 1.167 trillion yen.