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SoftBank Reports Highest-Ever Annual Profit For a Japanese Company

SoftBank's record profit of $45.9 billion was driven by investment gains at the $100 billion Vision Fund and its successor

5/12/2021 11:45:00 AM

SoftBank's record profit of $45.9 billion was driven by investment gains at the $100 billion Vision Fund and its successor

SoftBank Group smashed profit records in its home country, riding a series of blockbuster IPOs to an annual net income of $45.9 billion—the highest ever for any Japanese company.

Updated May 12, 2021 4:08 am ETTOKYO— SoftBank Group Corp. smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual net income of 4.99 trillion yen, equivalent to $45.9 billion—the highest ever for any Japanese company.

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The results, which include a record profit of ¥1.93 trillion for the quarter that ended in March, cap a wild year in which the Japanese technology investor rode roller-coaster stock markets from the lows at the beginning of the pandemic to recent highs.

Read more: The Wall Street Journal »

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