Recognition of Loss from Financial Instruments at FVTPL
SoftBank Group Corp. (“SBG”) announces that it recognized loss from financial instruments at FVTPL in its consolidated financial statements for the fiscal year ended March 2017 as follows.
1. Outline of loss from financial instruments at FVTPL
SBG recorded loss from financial instruments at FVTPL of JPY 160,419 million in its consolidated financial statements for the fiscal year ended March 2017. This mainly resulted from recording a loss as the amount of changes in the fair value of the financial instruments at FVTPL from March 31, 2016 to March 31, 2017. Financial instruments at FVTPL included preferred shares of Jasper Infotech Private Limited, who runs “snapdeal.com,” an e-commerce site in India, and ANI Technologies Private Limited, who runs “Ola,” a taxi booking platform also in India.
2. Impact on SBG's financial results
For the impact of the aforementioned loss from financial instruments at FVTPL on SBG's financial statements, please refer to SBG's Consolidated Financial Report for the fiscal year ended March 31, 2017 (IFRS) published today on May 10, 2017.
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