In February last year, Son Zhengyi said at SoftBank's fourth quarter 2020 results meeting that his SoftBank Group is a goose that will only lay golden eggs. At the time, yes

[SoftBank's quarterly profit shrank by more than 97% year-on-year] In February last year, Son Zhengyi said at SoftBank's fourth quarter 2020 results meeting that his SoftBank Group is a goose that will only lay golden eggs. At the time, SoftBank's net profit was a record 1.2 trillion yen thanks to the rise in the shares of the companies it invested in. A year passed, and the situation reversed.

SoftBank today announced its fourth quarter 2021 results, with a net profit of just 29 billion yen, a 97% decline from the same period last year. Son said they were in the midst of a snowstorm and had become more violent.

The core factor in SoftBank's profit contraction is that the stock prices of SoftBank's vision heavy companies - Alibaba, Didi, WeWork and others - generally declined in the fourth quarter, failing to generate more profits for the company. Citibank said in a report over the weekend that SoftBank may plan to sell some of its stake in Alibaba.

At the same time, SoftBank announced that it was abandoning its plan to sell chip company Arm to Nvidia for $40 billion in 2020. During the approval process, the transaction was blocked by regulatory authorities in the United States, Europe and other regions. Arm today announced a change of CEO in preparation for the market. (He Qianming)