SoftBank reports Japanese record of $45 bn annual net profit

Tokyo (AFP) May 12, 2021

Investment giant Softbank Group on Wednesday reported an annual net profit of $45.8 billion, the best ever for a Japanese company, reaping the rewards of tech share rallies to recover from last year's record loss. The telecoms-firm-turned-investment-behemoth has poured money into some of Silicon Valley's biggest names and hottest new ventures from AI to biotech through its $100-billion Visio