SoftBank Returns to Profit for the First Time in 5 Quarters. First profit in five quarters for Japanese investment and technology company SoftBank.
Between September and December the profit stood at 985.5 billion yen, equivalent to approximately 6.15 billion euros. At the end of trading in Tokyo, the SoftBank stock recorded an increase of 11%, to the highest levels since 2021, thanks to the optimistic forecasts released by the subsidiary Arm Holdings. The Japanese conglomerate, born as a telephone operator, led by the billionaire of Korean origin Masayoshi Son.