Japan's SoftBank Group books 1st annual profit in 4 years
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SoftBank posts first positive earnings in 4 years. Click to read more about key risks, $40B OpenAI investment, ARM's high valuation, and Vision Funds' poor performance.
Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen ($184.4 million) on Tuesday as early-stage tech startups fell out of favour and losses widened at major portfolio firms.
SoftBank Group Corp. said Tuesday it swung back to profitability in fiscal 2024 for the first time in four years with a net profit of
SoftBank Group posts a ¥517 bn ($3.5 bn) net profit in Q4 FY25—beating forecasts—driven by T-Mobile US performance and a ¥940 bn Vision Fund 1 gain, offset partly by a ¥526 bn loss at Vision Fund 2
SoftBank Group Corp. supports OpenAI’s latest plan to turn its for-profit division into a public benefit corporation, even if the overall business remains under the control of its nonprofit.
SoftBank Group Corp.’s profit soared 124% after valuations of tech startups like ByteDance Ltd. rose, in a boost for the Japanese company’s aggressive data center investment plans.
SoftBank boosts AI ambitions with strategic investments in OpenAI. Learn how their partnership with Microsoft could shape the future of AI technology.