Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks on the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025.
Kiyoshi Ota | Bloomberg | Getty Images
SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm.
The Japanese giant reported 421.8 billion yen ($2.87 billion) within the quarter ended June, versus 127.6 billion yen expected, in line with LSEG consensus estimates. It’s the second straight quarter of profit for SoftBank. The corporate reported a 174.28 billion yen loss in the identical period last 12 months.
Within the fiscal first quarter, SoftBank said the worth of its Vision Funds rose $4.8 billion. Profit for the Vision Funds segment, which takes under consideration other aspects like expenses, hit 451.4 billion yen within the quarter, versus a loss in the identical period last 12 months.
SoftBank has been on spending spree related to AI. The Japanese giant is leading a $40 billion funding round into ChatGPT developer OpenAI and it’s currently waiting for its $6.5 proposed acquisition of AI chip firm Ampere Computing to shut.
Meanwhile, SoftBank is a key company in the large $500 billion Stargate project within the U.S. that goals to construct data centers and AI infrastructure within the country. Investors are waiting for details on how SoftBank plans to fund this spending.
In May, SoftBank posted its first annual profit in 4 years for the fiscal 12 months ended March, helped by gains in SoftBank’s older investments in Alibaba, T-Mobile and Deutsche Telekom.
It is a breaking news story. Please check back for more.
