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Yahoo
2 days ago
- Business
- Yahoo
Nvidia, AI Bets Lift SoftBank To Profit After Brutal Year-Ago Loss
Japanese investment holding company SoftBank Group (OTC:SFTBF) (OTC:SFTBY) reported first-quarter results on Thursday. The company reported quarterly net sales of 1.82 trillion Japanese yen ($12.54 billion), up from 1.70 trillion yen ($11.71 billion) a year ago. SoftBank segment net sales grew 8% to 1.66 trillion yen ($11.43 billion). Arm (NASDAQ:ARM) net sales rose 4% to 152.9 billion yen ($1.05 billion). The division incurred a loss of 8.7 billion yen ($60 million) compared to a profit of 10.2 billion yen a year ago due to higher research and development income before tax for SoftBank was 689.9 billion yen. SoftBank's net income was 421.8 billion yen (or $2.91 billion), compared to a loss of 174.3 billion yen a year ago. The gain on investments was 486.9 billion yen (or $3.35 billion), as investment losses on T-Mobile US (NASDAQ:TMUS) shares and Alibaba (NYSE:BABA) shares were partially offset by a gain on Nvidia (NASDAQ:NVDA) shares. View more earnings on SFTBY Vision Fund investments reported a 660.2 billion yen profit (or $4.55 billion), compared to 32.4 billion yen a year ago. This was driven by higher share prices of some public portfolio companies, including Coupang (NYSE:CPNG), Symbotic (NASDAQ:SYM), and Auto1. SoftBank reported a segment income of 278.5 billion yen (or $1.92 billion) compared to 279.9 billion yen a year ago. SoftBank is aggressively investing in AI, leading a $40 billion funding round into ChatGPT developer OpenAI and awaiting the closure of its proposed $6.5 billion acquisition of AI chip firm Ampere Computing. SoftBank said it and other investors have already committed $10 billion to OpenAI, with the remaining $30 billion expected by December. SoftBank plays a key role in the massive $500 billion Stargate project in the U.S., which aims to build data centers and AI infrastructure. Investors are awaiting details on how SoftBank plans to finance this investment. Price Action: ARM stock is trading higher by 2.4% to $139.38 at last check Thursday. Photo by Michael Vi via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Nvidia, AI Bets Lift SoftBank To Profit After Brutal Year-Ago Loss originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Business Times
2 days ago
- Business
- Business Times
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks
[TOKYO] Japanese technology investor SoftBank Group on Thursday (Aug 7) booked a net profit of US$2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio. The result will likely be welcomed by investors as SoftBank pursues its biggest spending spree since the launch of its Vision Funds in 2017 and 2019, this time making mammoth investments in artificial intelligence companies. Investors and analysts are awaiting updates on how these investments will be financed, the timeline for returns to materialise and whether assets will be sold to fund the new projects. Favourable market conditions for technology companies over the quarter raised valuations of SoftBank's array of startup stakes, potentially fuelling monetisation opportunities that can be directed toward newer investments. SoftBank's Vision Funds hold US$45 billion worth of late-stage companies ready to list soon, up from US$36 billion at the end of March. The group overall logged a net profit of 421.8 billion yen (S$3.68 billion) for the April-June quarter. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The result compared with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average profit from three analyst estimates compiled by LSEG. The Vision Fund unit posted an investment gain of 726.8 billion yen, around half of which derived from a surge in the share price of South Korean e-commerce firm Coupang over the quarter. AI investment spree SoftBank is leading a US$40 billion funding round for ChatGPT maker OpenAI. SoftBank has until the end of the year to fund its US$22.5 billion portion, although the remainder has been subscribed, according to a source familiar with the matter. It is also leading the financing for the Stargate project – a US$500 billion scheme to develop data centres in the United States, part of its effort to position itself as the 'organiser of the industry,' founder Masayoshi Son said in June. SoftBank has yet to release details on what kinds of returns its financing of the Stargate project could generate. The extent of third-party investment will determine what other financing tools, such as bank loans and debt issuance, it may have to deploy. In July, SoftBank raised US$4.8 billion by selling off a portion of its holding in T-Mobile. However, SoftBank's performance in exiting from investments and distributing profit has been patchy of late. The Vision Funds have made a cumulative investment gain of just US$5 billion out of a total committed capital of US$172.2 billion as of the end of June. REUTERS
CNA
2 days ago
- Business
- CNA
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks
TOKYO :Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio. The result will likely be welcomed by investors as SoftBank pursues its biggest spending spree since the launch of its Vision Funds in 2017 and 2019, this time making mammoth investments in artificial intelligence companies. Investors and analysts are awaiting updates on how these investments will be financed, the timeline for returns to materialise and whether assets will be sold to fund the new projects. Favourable market conditions for technology companies over the quarter raised valuations of SoftBank's array of startup stakes, potentially fuelling monetisation opportunities that can be directed toward newer investments. SoftBank's Vision Funds hold $45 billion worth of late-stage companies ready to list soon, up from $36 billion at the end of March. The group overall logged a net profit of 421.8 billion yen ($2.87 billion) for the April-June quarter. The result compared with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average profit from three analyst estimates compiled by LSEG. The Vision Fund unit posted an investment gain of 726.8 billion yen ($4.94 billion), around half of which derived from a surge in the share price of South Korean e-commerce firm Coupang over the quarter. AI INVESTMENT SPREE SoftBank is leading a $40 billion funding round for ChatGPT maker OpenAI. SoftBank has until the end of the year to fund its $22.5 billion portion, although the remainder has been subscribed, according to a source familiar with the matter. It is also leading the financing for the Stargate project - a $500 billion scheme to develop data centres in the United States, part of its effort to position itself as the "organiser of the industry," founder Masayoshi Son said in June. SoftBank has yet to release details on what kinds of returns its financing of the Stargate project could generate. The extent of third-party investment will determine what other financing tools, such as bank loans and debt issuance, it may have to deploy. In July, SoftBank raised $4.8 billion by selling off a portion of its holding in T-Mobile. However SoftBank's performance in exiting from investments and distributing profit has been patchy of late. The Vision Funds have made a cumulative investment gain of just $5 billion out of a total committed capital of $172.2 billion as of the end of June. ($1 = 147.0600 yen)
Time of India
2 days ago
- Business
- Time of India
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks
Academy Empower your mind, elevate your skills Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund result will likely be welcomed by investors as SoftBank pursues its biggest spending spree since the launch of its Vision Funds in 2017 and 2019, this time making mammoth investments in artificial intelligence and analysts are awaiting updates on how these investments will be financed, the timeline for returns to materialise and whether assets will be sold to fund the new market conditions for technology companies over the quarter raised valuations of SoftBank's array of startup stakes, potentially fuelling monetisation opportunities that can be directed toward newer Vision Funds hold $45 billion worth of late-stage companies ready to list soon, up from $36 billion at the end of group overall logged a net profit of 421.8 billion yen ($2.87 billion) for the April-June result compared with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average profit from three analyst estimates compiled by Vision Fund unit posted an investment gain of 726.8 billion yen ($4.94 billion), around half of which derived from a surge in the share price of South Korean e-commerce firm Coupang over the is leading a $40 billion funding round for ChatGPT maker OpenAI. SoftBank has until the end of the year to fund its $22.5 billion portion, although the remainder has been subscribed, according to a source familiar with the is also leading the financing for the Stargate project - a $500 billion scheme to develop data centres in the United States, part of its effort to position itself as the "organiser of the industry," founder Masayoshi Son said in has yet to release details on what kinds of returns its financing of the Stargate project could generate. The extent of third-party investment will determine what other financing tools, such as bank loans and debt issuance, it may have to July, SoftBank raised $4.8 billion by selling off a portion of its holding in SoftBank's performance in exiting from investments and distributing profit has been patchy of late. The Vision Funds have made a cumulative investment gain of just $5 billion out of a total committed capital of $172.2 billion as of the end of June.
Reuters
2 days ago
- Business
- Reuters
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks
TOKYO, Aug 7 (Reuters) - Japanese technology investor SoftBank Group (9984.T), opens new tab on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio. The result will likely be welcomed by investors as SoftBank pursues its biggest spending spree since the launch of its Vision Funds in 2017 and 2019, this time making mammoth investments in artificial intelligence companies. Investors and analysts are awaiting updates on how these investments will be financed, the timeline for returns to materialise and whether assets will be sold to fund the new projects. Favourable market conditions for technology companies over the quarter raised valuations of SoftBank's array of startup stakes, potentially fuelling monetisation opportunities that can be directed toward newer investments. SoftBank's Vision Funds hold $45 billion worth of late-stage companies ready to list soon, up from $36 billion at the end of March. The group overall logged a net profit of 421.8 billion yen ($2.87 billion) for the April-June quarter. The result compared with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average profit from three analyst estimates compiled by LSEG. The Vision Fund unit posted an investment gain of 726.8 billion yen ($4.94 billion), around half of which derived from a surge in the share price of South Korean e-commerce firm Coupang (CPNG.N), opens new tab over the quarter. SoftBank is leading a $40 billion funding round for ChatGPT maker OpenAI. SoftBank has until the end of the year to fund its $22.5 billion portion, although the remainder has been subscribed, according to a source familiar with the matter. It is also leading the financing for the Stargate project - a $500 billion scheme to develop data centres in the United States, part of its effort to position itself as the "organiser of the industry," founder Masayoshi Son said in June. SoftBank has yet to release details on what kinds of returns its financing of the Stargate project could generate. The extent of third-party investment will determine what other financing tools, such as bank loans and debt issuance, it may have to deploy. In July, SoftBank raised $4.8 billion by selling off a portion of its holding in T-Mobile (TMUS.O), opens new tab. However SoftBank's performance in exiting from investments and distributing profit has been patchy of late. The Vision Funds have made a cumulative investment gain of just $5 billion out of a total committed capital of $172.2 billion as of the end of June. ($1 = 147.0600 yen)
