SoftBank's first quarter results of 2022 have revealed losses of $23.4 billion.

Falling listed investments for the Japanese conglomerate included robotics firm AutoStore Holdings and artificial intelligence firm SenseTime Group.

Meanwhile operating income was down 13 per cent – 283.1 million Yen to 247.1 million Japanese Yen – compared to the previous year’s first quarter results, and net income dropped by 15 per cent from 151.0 to 128.5 Yen.

Consumer revenue was also down four per cent and consumer operating income by 16 per cent, with the largest drops attributable to mobile, with a drop from 408.1 to 390.4 in 2022.

The second Vision Fund's stakes in 269 firms were worth $37.2 billion at the end of June, compared with an acquisition cost of $48.2 billion.

SoftBank said it responded by writing down the value of unlisted assets across its two Vision Funds by 1.14 trillion yen ($8.43 billion), yet Analysts have said writedowns of these private assets were unlikely to reflect the extent of current market weakness, according to a report by Reuters.

To raise cash, SoftBank has exited companies including ridehailer Uber Technologies and home-selling platform Opendoor Technologies, resulting in gains of $5.6 billion.

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