TOKYO, May 13 : Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. It was SoftBank's fifth consecutive quarterly profit, with the Visio

TOKYO, May 13 : Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. It was SoftBank's fifth consecutive quarterly profit, with the Visio

TOKYO: Technology investor SoftBank Group reported on Wednesday (May 13) that its net profit more than tripled to ¥1.83 trillion (US$11.60 billion) in the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI.It was SoftBank's fifth consecutive quarterly profit, with the Vision

TOKYO, May 13 : Japan's second-largest lender, Sumitomo Mitsui Financial Group, on Wednesday booked a 350 per cent jump in fourth-quarter net profit and forecast another year of record earnings for the period to March 31, 2027.The banking group made 188.20 billion yen ($1.19 billion) in net profit in the Janu

TOKYO, May 13 : Japan's second-largest lender, Sumitomo Mitsui Financial Group, on Wednesday booked a 350 per cent jump in fourth-quarter net profit and forecast another year of record earnings for the period to March 31, 2027.The banking group made 188.20 billion yen ($1.19 billion) in net profit in the Janu

SoftBank's Q4 profit soared to $11.6B, tripling year-over-year on OpenAI gains. But rising debt and portfolio concentration prompt S&P outlook downgrade.

Japanese technology investor Softbank Group Corp reported Wednesday that profits for the fiscal year through March zoomed by nearly five-fold from the previous year as its AI investments paid off. The Tokyo-based company recorded an annual profit of 5 trillion yen ($32 billion), far greater than the 1.15 trillion yen…