Japan's SoftBank Group swung to a net profit in the final quarter of its financial year, it said on Monday, even as an investment loss at its Vision Fund arm underscored the challenges the technology investor faces, including realising its big AI ambitions.
SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Still, the second straight quarter of profit was not enough to keep it in the black for the full year.
This story is from the May 14, 2024 edition of Business Standard.
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This story is from the May 14, 2024 edition of Business Standard.
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