From Benzinga via Yahoo Finance, August 7:
Nvidia, AI Bets Lift SoftBank To Profit After Brutal Year-Ago Loss
Japanese investment holding company SoftBank Group (OTC:SFTBF) (OTC:SFTBY) reported first-quarter results on Thursday. The company reported quarterly net sales of 1.82 trillion Japanese yen ($12.54 billion), up from 1.70 trillion yen ($11.71 billion) a year ago.
SoftBank segment net sales grew 8% to 1.66 trillion yen ($11.43 billion).
Arm (NASDAQ:ARM) net sales rose 4% to 152.9 billion yen ($1.05 billion). The division incurred a loss of 8.7 billion yen ($60 million) compared to a profit of 10.2 billion yen a year ago due to higher research and development expenses.
The income before tax for SoftBank was 689.9 billion yen.
SoftBank’s net income was 421.8 billion yen (or $2.91 billion), compared to a loss of 174.3 billion yen a year ago. The gain on investments was 486.9 billion yen (or $3.35 billion), as investment losses on T-Mobile US (NASDAQ:TMUS) shares and Alibaba (NYSE:BABA) shares were partially offset by a gain on Nvidia (NASDAQ:NVDA) shares....
....MUCH MORE
And from Bloomberg, also August 7
Apollo Boosts SoftBank Loan to a Record-Breaking $5.4 Billion
The $900 million top-up to Vision Fund 2 loan showcases Apollo’s big role in NAV lending.
And finally, from Reuters:
SoftBank Group swings to profit in first quarter, Stargate timeline delayed
