SoftBank poised for record $45bn net profit on Vision Fund rebound

Coupang and DoorDash IPOs help lift Japanese group to third globally by profit

20210511 SBG HQ

The SoftBank Group's Vision Fund rebounded strongly after several of its investment targets provided solid gains. (Photo by Kosaku Mimura)

Nikkei staff writers

TOKYO -- Japan's SoftBank Group is set to report a net profit of just over 4.9 trillion yen ($45 billion) for the fiscal year that ended in March, becoming the world's third most profitable company, after Apple and Saudi Aramco, based on recent annual results, Nikkei has learned.

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