Core Viewpoint - SoftBank Group reported its first annual profit in four years, signaling a potential recovery for investors, and is planning a new series of large-scale technology investments [1][2]. Financial Performance - For the fiscal year ending in March, SoftBank's profit reached 1.15 trillion yen (approximately 77.8 billion USD), a significant turnaround from a loss of 227.6 billion yen in the previous year [2][3]. - The net profit for the fourth fiscal quarter was 517.18 billion yen [3]. - The Vision Fund I had 57 stocks, while Vision Fund II had 283 stocks, a slight decrease of 0.4% from the previous quarter [3]. Investment Highlights - The Vision Fund I achieved an investment return of 940 billion yen, driven by the appreciation of holdings in ByteDance and Coupang [4]. - In contrast, Vision Fund II recorded a loss of 526 billion yen due to investments in early-stage startups [4]. - Significant gains were noted from investments in Alibaba, T-Mobile, and Deutsche Telekom, contributing to the annual profit [3]. Future Prospects - SoftBank's ambitious "Star Gate" project aims to deploy 100 billion USD immediately, with plans to expand to approximately 500 billion USD over time, although progress has been hindered by financing challenges [5][6]. - The CFO indicated that over 100 potential locations for the "Star Gate" project have been identified, but discussions with lenders are premature [5]. - The company is currently in a major spending phase since launching the Vision Funds, focusing on leading AI development companies [6].
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券商中国·2025-05-14 01:29