TOKYO -- For years, Japanese tax regulators have been grappling with a mystery that has also become their biggest headache: Why does SoftBank Group -- which became Japan's most profitable company last year -- pay so little tax?

Nikkei research found that SoftBank Group, once Japan's most profitable company, faced corporate income tax four times over the last 15 years. © Illustration by Chuan Ming Ong
Nikkei investigation reveals years of huge profits and no taxes for Japan's top tech investor