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SoftBank posts profit for second straight quarter as Vision Fund steadies

YourStory

YourStory · 22d ago

SoftBank posts profit for second straight quarter as Vision Fund steadies

SoftBank Group reported a net profit of 421.83 billion yen in Q1 FY25, with its Vision Fund achieving gains due to strong mark-ups in holdings like Coupang and Swiggy. Despite SoftBank’s cautious investment approach in India recently, its Indian portfolio, including Lenskart and Meesho, could offer substantial returns through upcoming IPOs. AI remains a strong focus, with a pared-down plan for a data center in Ohio in collaboration with OpenAI.

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SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets

YourStory

YourStory · 3m ago

SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets

SoftBank Group Corp reported a profit of 517.18 billion yen ($3.49 billion) for fiscal year ending March 2025, driven by gains from its Vision Fund I investments despite setbacks from Indian ventures like Swiggy, Ola Electric, and OYO. Although Vision Fund II faced challenges, SoftBank made significant exits from companies like DoorDash. Despite struggling Indian investments, SoftBank is focusing on AI, leading a $40 billion funding round for ChatGPT-maker OpenAI, highlighting its strategic shift.

SoftBank books another quarterly loss, as investment hits offset Arm

Economic Times

Economic Times · 1y ago

SoftBank books another quarterly loss, as investment hits offset Arm

SoftBank Group reported a loss of 789 billion yen ($5.22 billion) for its latest quarter, marking its fourth consecutive quarter in the red. The loss was attributed to write-downs of some investments and the weakened yen, which increased the cost of its dollar-denominated debt. While SoftBank successfully launched an IPO for chip designer Arm, the proceeds were not counted as earnings since Arm remains a subsidiary. The Vision Fund investment unit recorded a profit of 21.4 billion yen, but excluding gains from Arm, the Vision Funds collectively lost 583 billion yen.

SoftBank posts profit for second straight quarter but remains in red for full year

VCCircle

VCCircle · 1y ago

SoftBank posts profit for second straight quarter but remains in red for full year

Japanese technology investor SoftBank Group reported a net profit of 328.9 billion yen ($2.11 billion) for the fourth quarter of its financial year, compared to a loss of 32 billion yen the previous year. However, SoftBank remained in the red for the full year, despite two consecutive quarters of profit. The focus is now on SoftBank subsidiary Arm Holdings, a British chip designer, which is seen as crucial to fuel SoftBank's push into artificial intelligence. Arm reported record sales in the first quarter, but its surging valuation did not contribute to SoftBank's profit.

SoftBank swings to $7.7B profit in September quarter

YourStory

YourStory · 9m ago

SoftBank swings to $7.7B profit in September quarter

SoftBank Group reported a profit of 1.2 trillion yen ($7.98 billion) in the second quarter of FY25, driven by successful IPOs of its portfolio companies. The company made investment gains of 608 billion yen ($3.96 million), marking its fourth consecutive profitable quarter. SoftBank's Vision Funds sold investments worth $1.85 billion, with notable exits from companies like SenseTime and Paytm. SoftBank-backed companies like FirstCry, Ola Electric, and Unicommerce had strong market debuts but saw their stock prices fall afterwards. SoftBank is also exploring AI investments, including a potential $500 million investment in OpenAI.

SoftBank invests most in four quarters, restarts ‘careful’ investments with focus on AI

Money Control

Money Control · 2y ago

SoftBank invests most in four quarters, restarts ‘careful’ investments with focus on AI

Through the company’s Vision Fund Unit, which includes the two Vision Funds and one Latin America Fund, SoftBank invested $900 million, more than two times compared to the same quarter of last year, when it invested about $400 million

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

Economic Times

Economic Times · 1y ago

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

SoftBank's India investment portfolio, including Vision Fund I and II, has a fair value of nearly $14 billion, a 9% increase as of December 2023. Flipkart is among its top 15 most valued companies. SoftBank achieved a net profit of over $6 billion for the quarter ending in December. SoftBank is bullish about the Indian market and expects IPOs from portfolio companies such as FirstCry and Ola Electric. Venture funding dropped by 60% in 2023, although SoftBank's portfolio companies raised $8 billion in fresh capital. Investment activity is expected to pick up in 2024.

SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks - The Economic Times

Economic Times

Economic Times · 22d ago

SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks - The Economic Times

SoftBank Group reported a net profit of $2.87 billion in the first quarter, driven by gains in its Vision Fund portfolio, particularly from Coupang's share price surge. The company is making substantial AI investments, leading a $40 billion funding round for OpenAI and a $500 billion US data center project. Investors are keen on financing updates and monetization opportunities from its $45 billion late-stage companies. Recent performance in exits and profit distribution has been mixed.

Oyo posts Rs 5,464 Cr income in FY23, loses 1287 Cr

Entrackr

Entrackr · 1y ago

Oyo posts Rs 5,464 Cr income in FY23, loses 1287 Cr

Oyo reported a revenue of Rs 5,464 crore in FY23, growing at a rate of 14.3% compared to the previous fiscal year. The company has narrowed down its losses by 33.7% to Rs 1,287 crore. A significant portion of Oyo's revenue (75%) comes from outside India, while domestic income accounts for 25%. The firm aims to achieve its first-ever profit in the second quarter of FY24. Oyo has raised over $3.4 billion in funding and its largest stakeholder is SoftBank with a 42.62% stake.

Japan's SoftBank swings to quarterly profit, eyes on Arm unit

Livemint

Livemint · 1y ago

Japan's SoftBank swings to quarterly profit, eyes on Arm unit

Japan's SoftBank Group reported a net profit of 328.9 billion yen ($2.11 billion) for the final quarter of its financial year, a turnaround from the 32 billion yen loss it posted a year earlier. However, this was not enough to keep the company in the black for the full year. The performance of its Vision Fund arm, which suffered a valuation loss, highlights the challenges SoftBank faces in realizing its artificial intelligence ambitions. The company's management is pinning hopes on its subsidiary Arm Holdings, a chip designer, to drive its AI strategy.

SoftBank sees new-found caution as secret weapon in AI arms race

Economic Times

Economic Times · 1y ago

SoftBank sees new-found caution as secret weapon in AI arms race

SoftBank Group, known for its high-conviction bets on startups, is adopting a cautious approach in its search for the next big thing in AI. This marks a significant shift for the company, which previously made massive investments in startups. The change in strategy is a result of SoftBank's adoption of a defensive mode after the pandemic caused plummeting valuations. The Vision Fund unit made fewer investments in 2023 and the last quarter marked its most conservative period since 2017. SoftBank's newfound caution comes as it reported its first profit in five quarters.

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