TOKYO -- SoftBank Group on Wednesday reported a record annual net profit for a Japanese company of 4.99 trillion yen ($45.8 billion), reflecting big investment gains in a strong year for its tech-heavy portfolio.
The results mark a stunning reversal from the group's annual loss of 961.5 billion yen for the year to March 2020 -- its worst ever. The earnings included 1.9 trillion yen ($17.8 billion) of net profit in the fourth quarter, mainly thanks to the blockbuster listing of South Korean e-commerce giant Coupang.
