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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.
This quarter, we started to see positive momentum in the macro environment and within our portfolio. The equity market has been resilient. KPIs rose from March end to June end, and they have continued to increase since then. The Vision Fund posted a positive performance for the first time in the last 6 quarters, a gain of $1.0 billion. This gain is rooted in improvements from both our public and private holdings. And it didn't appear from out of nowhere, Vision Fund performance has steadily improved for 5 straight quarters even against very strong headwind. As Masa has said, we are shifting to offense mode now.
To that end, a notable milestone in this quarter was a piece of new investments, $1.8 billion in total, which exceeded the previous 3 quarters combined. As for financial results, we posted JPY 477 billion net losses. Between March and June, our net asset value increased from JPY 14.1 trillion to JPY 15.5 trillion and 10% realized quarter over quarter. We have lowered our LTV ratio even further to 8.0%, which is well below our threshold of 25%. And finally, our cash position increased from JPY 5.1 trillion to JPY 5.8 trillion.
As noted, SoftBank Vision Fund posted a gain of $1 billion, the first positive performance in 6 quarters. The Vision Fund team has been working strategically with portfolio companies to help enhance value. They have been holding high-value networking events for portfolio companies and helping them connect with other companies in the SBG ecosystem as well as other investors. More than 50 portfolio companies are now operating in Japan. From the beginning, Vision Fund has invested in companies which innovate and disrupt by taking advantage of AI technology. Generative AI is only one component of AI. Our portfolio companies are leveraging the full stack of AI applications, including predictive analytics, recommender systems, battery agents and so on. We believe that Vision Fund will deliver great returns as the AI revolution becomes a reality.
With that belief as the backdrop, we resumed new investments in this quarter. Combining Vision Fund and strategic direct investments by SBG, we invested $1.8 billion. One specific area we are focusing on is Automated Logistics powered by AI. Among the 3 companies, we invested in the last few months, I would like to highlight Symbotic. Symbotic provides a platform for warehouse automation for increased efficiency, speed and flexibility. SBG increased our ownership in the company, and we also announced a joint venture with Symbotic called GreenBox. It will offer warehouse-as-a-service to various third-party logistics customers. This is a good example of playing offense and focusing it selectively on AI innovations, all while leveraging and benefiting the SoftBank portfolio ecosystem.
Lastly, I would like to touch upon -- as previously announced, Arm is preparing for an IPO and is in a quiet period. Therefore, we are limited in what we can share. For this quarter, consistent with the broader semiconductor industry cycle, revenue is down compared with the same period in FY '22. Having said that, the 3-year CAGRs marked were 14%. In addition, in this quarter, Arm has announced several new product launches as well as new business partnership initiatives. Arm is building the future of computing from the smartphone to the sensor to the supercomputer. Arm is focused on being the foundation upon which AI technologies are built and run.