How Did SoftBank Fare In Q2? - SoftBank Group (OTC:SFTBY), SoftBank Group (OTC:SFTBF)

SoftBank Group Corp SFTBY SFTBF reported second-quarter FY21 revenue growth of 11.4% Y/Y to ¥1.5 trillion.
The gross profit expanded 13.9% Y/Y to ¥823.1 million.
Vision Fund's loss in the September 30 quarter was ¥825.1 billion ($7.3 billion), exceeding the ¥788.6 billion loss during the pandemic-driven writedowns, Bloomberg reports.
SoftBank's net loss for Q2 was ¥(397.9) billion. EPS loss ¥(241.19).
Softbank generated ¥2.1 trillion in operating cash flow during the six months. It held ¥237.3 billion in cash and equivalents.
SoftBank is under pressure from investors, including activist hedge fund Elliott Management to drive its share prices via a share buyback, Reuters reported.
SoftBank sold $2.2 billion worth of DoorDash Inc DASH stock in August and raised $1.69 billion from the sale of Coupang Inc CPNG stock in September.
SoftBank plans to buy back ¥1 trillion of its shares from November 9, 2021, to November 8, 2022.
In addition to China's regulatory crackdown, SoftBank said a significant factor in the loss was a fall in the share price of portfolio company Coupang.
Price Action: SFTBF shares traded higher by 7.67% at $59.45 on the last check Monday.