According to a press release by SoftBank, this includes a gain of 700.6 billion yen related to intra-group prepaid forward contracts that have been settled to date.
SoftBank Group confirmed on Jan 25 that its wholly-owned subsidiary Skybridge had reduced its stake in Alibaba Group Holding, making the latter’s co-founders its largest shareholders once more.
SoftBank will record a gain on sale of investment securities of 1,259.2 billion yen ($11.43 billion) as extraordinary income in its non-consolidated financial results for the fiscal year ending March 31.
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