Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2

Japan’s SoftBank Group has reported its first annual profit in four years, as it pivoted towards new technology bets, including artificial intelligence (AI). The company reported a net income of ¥1.15 trillion for the year ended 31 March 2025, compared to a loss of ¥227.6 billion in the previous year.

For the fourth quarter, the company posted a net income of ¥546 billion, rebounding from a loss in the previous quarter.