SoftBank posts highest-ever annual profit of $46bn for Japanese company
Record annual profit comes after it rode several blockbuster IPOs
12 May 2021 - 16:34
Tokyo — SoftBank Group on Wednesday reported a record net profit of ¥4.99-trillion ($45.88bn) in the year ended March, beating the $42.5bn made by Warren Buffett’s Berkshire Hathaway in its past business year.
It was the highest-ever annual profit for a Japanese company, after riding a series of blockbuster initial public offerings to reach its record net profit of ¥4.99-trillion. The results include a record profit of ¥1.93-trillion for the quarter, the Wall Street Journal reported. ..
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