TOKYO (AP) — Japanese technology company SoftBank Group posted its first profit in four years Tuesday, as it raked in gains from its investment portfolios.
SoftBank warned of major uncertainties ahead because of President Donald Trump’s tariff policies, tensions between the U.S. and China, and other global conflicts.
Tokyo-based Softbank’s profit for the fiscal year through March totaled 1.15 trillion yen ($7.8 billion), a reversal from the 227.6 billion yen loss it racked up the previous year.
Annual sales climbed 7% to 7.2 trillion yen ($49 billion).
SoftBank has a wide-ranging partnership with OpenAI, the U.S. artificial intelligence research organization behind ChatGPT. It said it remains focused on promoting technology related to artificial intelligence.
The company said it will continue to aggressively invest in new AI companies like Glean and Helion, both U.S. companies.
SoftBank also recently decided to acquire the total equity of Ampere, a U.S. cloud-and AI-focused semiconductor design company, for $6.5 billion. It expects to complete the transaction in the second half of this year.
Its investments include stakes in Chinese e-commerce giant Alibaba and T-Mobile, a European mobile communications outfit. Both gained value over the latest period.
Also helping its bottom line were strong results and royalties at Arm, a British semiconductor and software design company in which SoftBank is a major investor.
The company also logged gains from its SoftBank Vision Funds.
SoftBank invests in various companies, including ByteDance, the Chinese multinational that’s behind TikTok, and PayPay, a popular Japanese mobile payment application.
SoftBank said it was planning an IPO for PayPay. Launched in 2018, PayPay is now used by more than 68 million people, according to SoftBank. Japan's population is about 125 million.
___
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
