Japanese technology company SoftBank Group

Corp. tumbled into losses in the last quarter as

its earnings were hammered by money-losing

investments, including a bailout for office-space

sharing startup WeWork.

SoftBank’s founder, Masayoshi Son, said he was

regretting “mistaken investment moves.” He said

the situation at WeWork was under control, and

he expects to turn it around.

The Tokyo-based company’s 700 billion yen

($6.4 billion) loss in the July-September quarter

compares with a 526 billion yen profit the same

perioda yearago.

JAPAN’S SOFTBANK

TUMBLES

INTO LOSSES

OVER COSTLY

INVESTMENTS

Image: Kiyoshi Ota