|
That's compared to a 950 billion yen profit in October-December
2023.
Quarterly sales rose 3% from the previous year to 1.83 trillion
yen ($11.9 billion), the Tokyo-based company said Wednesday.
The report comes barely a month after Masayoshi Son, the founder
and chief executive, appeared with President Donald Trump in
Washington, as well as with Sam Altman of OpenAI and Larry
Ellison of Oracle, to announce an investment of up to $500
billion into an artificial intelligence project called Stargate.
Son has repeatedly said the company is banking on a future in
artificial intelligence.
SoftBank Group invests in an array of companies that it sees as
holding long-term potential, including unlisted upstarts, so its
financial performance tends to swing wildly.
For the nine months of this fiscal year through December, it
recorded a profit of 636 billion yen ($4 billion), a reversal
from a loss of 459 billion for the previous year.
Investment gains were recorded in its holdings in Chinese
e-commerce company Alibaba; Coupang, a South Korean retailer
based in the U.S.; a mobility service provider DiDi Global and
Grab Holdings, a Singaporean technology company, while improved
sales came in its British semiconductor company Arm’s business.
Some of the investment gains from the earlier months of this
fiscal year were erased in the latest quarter. The company does
not issue an annual forecast.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
