Japan-based SoftBank Posts Profit After 4 Years of Losses

With profits from its investment portfolios, SoftBank Group, a Japanese technology corporation, reported its first profit in four years on Tuesday.

Due to President Donald Trump's tariff policies, U.S.-China tensions, and other international issues, SoftBank issued a warning about significant uncertainty in the future.

After suffering a loss of 227.6 billion yen the year before, Tokyo-based Softbank turned a profit of 1.15 trillion yen ($7.8 billion) for the fiscal year ending in March.

Sales reached 7.2 trillion yen ($49 billion) annually, a 7 percent increase.

The U.S. artificial intelligence research group OpenAI, which developed ChatGPT, has a broad collaboration with SoftBank. It stated that it is still committed to advancing artificial intelligence-related technology.

According to the company, it will keep making significant investments in up-and-coming AI firms like Helion and Glean, both of which are American.

Additionally, SoftBank recently agreed to pay $6.5 billion to buy all of the stock in Ampere, a semiconductor design business based in the United States that specializes in cloud and artificial intelligence. It anticipates finishing the deal this year's second half.

Among its interests are shares in T-Mobile, a European mobile communications company, and Alibaba, a massive Chinese e-commerce company. Both increased in value throughout the most recent time frame.

Strong performance and royalties at Arm, a British software design and semiconductor business in which SoftBank is a significant stakeholder, also boosted its bottom line.

Additionally, the business reported profits from its SoftBank Vision Funds.

SoftBank makes investments in a number of businesses, such as PayPay, a well-known mobile payment service in Japan, and ByteDance, the Chinese multinational that created TikTok.