SoftBank Group unexpectedly reported a quarterly loss this Wednesday, primarily driven by declines in its Vision Funds’ investments. Additionally, the company’s revenue fell short of market forecasts.

Here’s how SoftBank’s financial outcomes stack up against the LSEG SmartEstimate, which weighs predictions from the most consistently accurate analysts:

• Revenue: 1.83 trillion yen compared to 1.84 trillion yen
• Net loss of 369.17 billion yen versus a profit of 298.53 billion yen

For the quarter ending December 31, the Vision Fund investments incurred a loss of 352.75 billion yen, marking a reversal after two consecutive quarters of gains.

The comprehensive Vision Fund sector, which includes administrative expenses and currency fluctuations, recorded a loss of 309.93 billion yen for this period.

Moreover, SoftBank observed a 2.1% decrease in its Vision Fund 1 public portfolio, largely due to a dip in e-commerce giant Coupang’s stock price, while private company investments also fell by 3.3%. Overall, the fair value of SoftBank’s portfolio companies declined by 2.8% from the previous quarter.

Meanwhile, the fair value of Vision Fund 2 saw a decline of 3.7% compared to the prior quarter.

In recent times, SoftBank has been noted for its bold, high-stakes investments in firms that have either faced challenges or had their valuations significantly reduced.

Shifting its focus, SoftBank is positioning itself to capitalize on the burgeoning artificial intelligence sector, where companies like Nvidia are gaining from a surge in demand for chips and data center GPUs.

According to reports, SoftBank is nearing the completion of a significant $40 billion primary investment in OpenAI, valuing the company at $260 billion before additional funding, as mentioned by CNBC’s David Faber.

This new investment would elevate SoftBank to the position of OpenAI’s largest investor, surpassing Microsoft, with OpenAI’s valuation estimated at $157 billion by private investors as of October.

SoftBank has already pledged an annual investment of $3 billion into OpenAI’s technology. Additionally, the two entities have introduced a joint venture named “SB OpenAI Japan,” which will focus on marketing OpenAI’s enterprise solutions to major corporations in Japan.

SoftBank disclosed its quarterly earnings results after trading concluded on the Tokyo Stock Exchange, where its shares experienced a 45% increase last year.

— Contribution by CNBC’s Hayden Field