SoftBank Group Corp. on Wednesday reported robust earnings for the April-December period, crediting positive returns on investments in other businesses and ventures.
The group’s operating profit rose to a record ¥1.85 trillion, a rise of 62 percent compared to the same period the previous year. It also boasted a 52 percent jump in net profit to ¥1.53 trillion for the same nine-month time frame.
SoftBank attributed the strong performance to the success of its Vision Fund and Delta Fund investments as the conglomerate transitions from a telecommunications company to an investment firm. The funds’ combined operating income was ¥808 billion, which accounts for 43 percent of the company’s total.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.