Japan’s SoftBank back in the black as investments improve
4 years, 1 month ago

Japan’s SoftBank back in the black as investments improve

The Hindu  

Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $ 13 billion, from 1.29 trillion yen. SoftBank, which invests in an array of companies, has sold U.S. carrier Sprint, as well as British IoT company Arm. But SoftBank still has hopes for WeWork’s potential in some markets such as Japan, where interest remains even with the pandemic.

History of this topic

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