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The Wall Street Journal: SoftBank director: ‘I get so worried’ by massive, widespread investments

TOKYO — A SoftBank Group Corp. director told the Japanese giant’s shareholders that its breakneck investment pace worries him, highlighting tensions over Chief Executive Masayoshi Son’s penchant for big bets in loss-making startups.

“Please don’t think you can rest easy,” Tadashi Yanai, who leads clothing retailer Uniqlo and serves as an outside director on SoftBank’s board, said at the company’s annual meeting.

The Saudi-backed $92 billion SoftBank Vision Fund that Son started last year has invested in some of the world’s most valuable startups, including Uber Technologies Inc. and WeWork Cos. SoftBank 9984, +4.63% also controls Sprint Corp. S, -1.08% in the U.S.

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