FILE PHOTO: SoftBank Corp. President and CEO Ken Miyauchi in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato TOKYO (Reuters) - SoftBank Corp 9484.T 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 (9984.T), 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. Reporting by Sam Nussey; Editing by Himani Sarkar
Yahoo Japan is growing well and has high occupancy rates , according to one of its senior executives . The company is a joint venture with SoftBank Corp and its parent SoftBank International . Soft Corp CEO Akira Miyauchi said WeWork Japan could become profitable " in the near future ” .