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Son's strategic moves propel SoftBank to expected $373 billion net income

Livemint · 1y

SoftBank Group is expected to report a net income of ¥373 billion ($2.5 billion) for the quarter ending in December 2021, marking a strong comeback after a challenging period. This is due to a gain on its stake in T-Mobile USA Inc. and the rising valuations of startups in its Vision Fund portfolio. The rally in Arm Holdings Plc shares, one of SoftBank's biggest holdings, has also contributed to the firm's net asset value. However, there are concerns about SoftBank's portfolio of privately-held startups and its dependence on Arm's share price.