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SoftBank Group GAAP EPS of ¥872.47, Revenue of ¥7798.65B
SoftBank's quarterly profit surges unexpectedly, with Masayoshi Son's artificial intelligence investments yielding significant success.
Gelonghui, May 13th | SoftBank Group announced an unexpected increase in quarterly profits, primarily driven by the rise in valuation of its investment in OpenAI. The Tokyo-based technology conglomerate reported a net profit of 1.83 trillion yen ($11.6 billion) in the fourth fiscal quarter, surpassing the analysts’ average estimate of 295.2 billion yen. Net sales reached 2.08 trillion yen, compared to the market forecast of 2.04 trillion yen. The rise in OpenAI's valuation boosted SoftBank’s performance, while conflicts in the Middle East disrupted the markets. During this period, the share prices of SoftBank’s key listed portfolio companies, including Coupang and Grab,