AI Summary
Logo of Softbank
Softbank reported a fiscal first-quarter profit, boosted by gains from its holdings in companies including Nvidia, as founder Masayoshi Son ramped up his bet on artificial intelligence technologies (AI).
The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus a 174.28 billion yen loss in the same period last year.
This was supported by its technology investment arm, Vision Fund, which recorded a profit of 451.39 billion yen, compared to a loss of 204.3 billion yen in the same period last year.
The technology investment firm increased its stake in American chipmaker Nvidia to more than $3 billion by the end of March and purchased shares in Taiwanese company TSMC worth $330 million and another $170 million in Oracle.
Financial results for the fiscal quarter extending from April to June
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Item |
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Q2 2025 |
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Q2 2024 |
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Expectations |
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Annual change |
|
Net Sales (trn yen) |
|
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1.820 |
|
|
1.701 |
|
|
-- |
|
|
7% |
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Pre-tax income (bln yen) |
|
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689.9 |
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225.69 |
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-- |
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205.7% |
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Net Profit (bln yen) |
|
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421.8 |
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(174.3) |
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|
127.6 |
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|
-- |
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