Japanese tech investment giant SoftBank Group reported a net profit of 421.8 billion yen ($2.87 billion) for the April-June quarter, marking a strong rebound from a 174.3 billion yen loss in the same period last year. The results exceeded analyst expectations, which had forecast an average profit of 127.6 billion yen, according to LSEG estimates.
The turnaround reflects improved performance in SoftBank’s Vision Fund investments and a recovery in global tech valuations. After a series of quarterly losses driven by startup writedowns, the company has benefited from stabilizing markets and successful exits in its portfolio.
SoftBank’s earnings boost comes amid renewed optimism in the tech sector, with artificial intelligence investments showing particular promise. The company has been actively adjusting its strategy, shifting focus from aggressive startup funding to more measured investments in AI and semiconductor-related ventures.
While challenges remain in some portfolio companies, the strong quarterly performance signals a potential turnaround for Masayoshi Son’s investment conglomerate. Analysts will be watching to see if SoftBank can sustain this momentum as it navigates evolving market conditions in the second half of the fiscal year.
