Reported about 9 hours ago
Japan's SoftBank Group announced its first annual profit in four years, reporting a profit of 1.15 trillion yen ($7.78 billion) for the year ending in March, a significant recovery from the previous year's loss. This turnaround is attributed to strong performance in telecommunications and increased valuations of startups, despite ongoing challenges from market volatility and U.S. tariffs. SoftBank is currently expanding its investment portfolio, particularly in artificial intelligence and related technologies.
Source: YAHOO