TOKYO: Japan’s SoftBank Group said Wednesday its net profit quadrupled year-on-year in the 2025–2026 fiscal year, boosted by its investments in AI.
Tech investor SoftBank posted net profit of ¥5 trillion (US$32 billion) for the fiscal year ending in March, compared with ¥1.15 trillion in the previous year.
After suffering massive losses across its broad tech portfolio in recent years, SoftBank has turned things around by diving into the fast-growing artificial intelligence sector.
It announced in December that its stake in ChatGPT maker OpenAI was around 11% after completing the second stage of a US$41 billion investment.
SoftBank’s earnings often swing dramatically because it invests heavily in tech start-ups and semiconductor firms, whose stocks are volatile.