SoftBank Corp CEO says WeWork Japan can become profitable 'in near future' By Reuters

SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'

Stock MarketsNov 05, 2019 03:13AM ET

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SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'

TOKYO (Reuters) - SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork's Japanese business can become profitable "in the near future".

WeWork Japan, a joint venture between the office-space sharing startup, telco SoftBank Corp and its parent SoftBank Group Corp (T:9984), is growing well with high occupancy rates, executives said at a news conference.

SoftBank Group was forced to bail out U.S-based WeWork after its IPO attempt flopped and is leading a restructuring at the money-losing firm.

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SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'

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