Softbank stays in red on start-up cost for broadband service

Softbank stays in red on start-up cost for broadband service

TOKYO, Japan - Softbank Corp. President Masayoshi Son speaks at a news conference in Tokyo on Nov. 15. The company incurred a group net loss of 55.80 billion yen in the April-September first half of fiscal 2002, up slightly from a loss of 54.32 billion yen a year earlier. The major Internet investor said it stayed in the red for the second consecutive first-half period largely because it continued up-front spending for its broadband service.

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