Japan's SoftBank posts $7.8 bn annual net profit
Tokyo (AFP) May 13, 2025
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a $7.8 billion annual net profit, its first in the black for four years. Global market rallies were a boon to SoftBank, which reaped gains from its investments in the likes of Chinese e-commerce giant Alibaba and US telecom firm T-Mobile. Its 1.15 trillion yen ($7.8 b
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a $7.8 billion annual net profit, its first in the black for four years. Global market rallies were a boon to SoftBank, which reaped gains from its investments in the likes of Chinese e-commerce giant Alibaba and US telecom firm T-Mobile. Its 1.15 trillion yen ($7.8 b
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