< SoftBank Company warned that its net losses during the fiscal year ending March 31 may reach 900 billion yen (8.4 billion dollars), which exceeds the initial estimates. It was 750 billion yen.

According to Al-Bayan, the company said in a statement that these revised estimates are due to its investment losses that exceeded expectations.

The Japanese company also maintained its forecast for operating losses at its record level of 1.35 trillion yen during the last fiscal year against a profit of 2.3 trillion yen during the fiscal year 2018. < / p>

SoftBank kept sales estimates at 6.15 trillion yen over the past fiscal year.

SoftBank had stated in the middle of this month that its investment fund, backed by the Saudi sovereign wealth fund, recorded a loss of 1.8 trillion during the past year because of

Implications of the Corona Virus Pandemic (Covid-19).

In March, the Japanese company announced the sale of assets worth nearly 4.5 trillion yen to reduce its debt and increase its share buy-back program to boost its share price on the stock exchange.