SoftBank confirms that the partial prepayment contract for reducing its stake in Alibaba has completed physical settlement. According to the reporter, Skybridge LLC, a wholly-owned subsidiary of SoftBank Group, has implemented the prepayment forward contract signed with financial institutions using Alibaba shares in stages and has now completed physical settlement (i.e. transferring equity to counterparties). SoftBank has decided to record investment securities income of 1259.2 billion yen (approximately 61.1 billion RMB) as non recurring income in its non consolidated financial performance for the fiscal year ending March 2024. This means that Skybridge has actually completed reducing its stake in Alibaba.