(Bloomberg) -- SoftBank Group Corp. is staring at another quarter of bleak results, but for the first time on record, Masayoshi Son is going to miss the earnings call.

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The founder and chief executive of the world’s largest tech investor bade farewell in November to the earnings presentations he’s led for decades, saying he was going to focus on taking chip designer Arm Ltd. public.

The unenviable task of fielding investors’ concerns when the company announces its third-quarter results on Tuesday, will be the sole responsibility of Son’s top lieutenant, Chief Financial Officer Yoshimitsu Goto.

“This is a negative given Masa’s management style,” MST Financial Senior Analyst David Gibson said. “He is in charge. What he says in terms of investments, etcetera, happens. He calls the shots. If we do not know what he is thinking, then we run the risk of surprises, reducing the attractiveness of the shares.”

Son’s decision to shy away from the spotlight comes as investors and creditors are questioning SoftBank’s ability to navigate daunting investment waters.

The Vision Fund unit is expected to report a fourth straight quarter of losses, as markdowns in the value of investments in closely held companies outweigh gains from a recovery in the stock prices of publicly-traded companies in its portfolio. A pullback in the dollar also worked against the unit’s bottom line. Gibson estimates a loss of $1 billion.

New investments at the once high-flying Vision Funds, which minted dozens of unicorns in the past, have come to a virtual stop. Many of its portfolio companies are now busy cutting jobs or downsizing businesses in a post-pandemic downturn, and the odds of a blockbuster initial public offering by a SoftBank portfolio firm are fading. The timing of Arm’s delayed listing remains uncertain.