SoftBank Group logs first quarterly net profit in over a year

TOKYO: Japanese investment giant SoftBank Group on Thursday reported a net profit of 950 billion yen ($6.4 billion) for October-December 2023, returning to the black after four consecutive quarterly losses.

The group’s bets on volatile tech firms and startups ― championed by flamboyant founder Masayoshi Son ― have made for rollercoaster earnings seasons in recent years.