That helped SoftBank report a smaller group-wide net loss, although the Japanese company remained underwater with earnings dragged down by paper losses on its stakes in Alibaba Group Holding Ltd., Deutsche Telekom AG and T-Mobile US Inc. "Shifting to offense mode," read one slide in his presentation. "But from the CFO's perspective, I'd like to see us do that carefully," said Goto. How aggressively Son will be able to chase new deals hinges on the planned initial public offering of SoftBank's Arm Ltd.