ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
SoftBank

SoftBank set for record $41.7bn net profit in fiscal 2020

Vision Fund rebound lifts tech player to best-ever result for Japanese company

Masayoshi Son speaks during a news conference in Tokyo on Feb. 8. (Photo courtesy of SoftBank Group)

TOKYO -- SoftBank Group is set to report a net profit of about 4.5 trillion yen ($41.7 billion) for the fiscal year that ended March 31. That would be the highest net profit ever for a Japanese company and a complete reversal of the previous year's results, when the company posted its largest-ever net loss.

The group's investment fund, the Vision Fund, rebounded strongly after several of its investment targets went public, supported by the global stock rally.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more