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Japan's second and third largest automakers, Honda Motor and Nissan Motor, will sell a combined 250,000 fewer cars in the current financial year as a global shortage in semiconductor chips hits production.
During the third quarter net profit ballooned more than 20 times to 1.17 trillion yen ($11.09 billion). That compared with an estimate of 171 billion yen from four analysts polled by Refinitiv SmartEstimate.
SoftBank Group Corp on Monday reported that third quarter net profit ballooned more than 20 times, beating estimates, driven by recovery at its ...
SoftBank's Son hails 'golden eggs' as Vision Fund rallies By Sam Nussey and Tim Kelly Reuters TOKYO (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son boasted of delivering "golden eggs" on Monday, after his company's Vision Fund unit rebounded from a loss to record an 844 billion yen ($8 billion) third quarter profit. The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced Son to sell assets to stabilise his investing empire. "Our vision never changed," Son told a news co...
The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilise his investing empire