SoftBank in green after four years with $7.78 billion profit, eyes AI investments

Japan’s SoftBank Group reported its first annual profit in four years on Tuesday, bringing relief to investors scarred by high-profile failures as it embarks on another series of mammoth tech investments.

The Tokyo-based conglomerate reported a 1.15 trillion yen ($7.78 billion) profit for the year ended March versus a loss of 227.6 billion yen last year.