• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

The Real Currency Of Life, According To Naval Ravikant

July 5, 2025

This $6 Aldi Find Could Save You Hundreds of Dollars

July 5, 2025

How and Where to Sell Your Gold — and Make the Most Cash

July 5, 2025
Facebook Twitter Instagram
Trending
  • The Real Currency Of Life, According To Naval Ravikant
  • This $6 Aldi Find Could Save You Hundreds of Dollars
  • How and Where to Sell Your Gold — and Make the Most Cash
  • 5 Things I Wish Someone Had Told Me Before I Became a CEO
  • How to Build a Side Hustle That Stands on Its Own — Without Burning Out
  • What Seniors Need To Know About Congress’ Big Budget Bill
  • Big, Beautiful, and Baffling: What The Law May Mean for Your Finances
  • 7 Steps to Negotiate Your Salary and Get What You’re Worth
Saturday, July 5
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » SoftBank seen returning to profit as tech stocks gain
Investing

SoftBank seen returning to profit as tech stocks gain

News RoomBy News RoomAugust 7, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

By Anton Bridge

TOKYO (Reuters) – Japan’s SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s portfolio of technology stocks enjoyed a rebound.

The tech investor has posted two consecutive years of loss on the slumping value of the Vision Fund portfolio and sold down its crown-jewel stake in Chinese e-commerce firm Alibaba (NYSE:) Group Holding to bolster its balance sheet.

A return to profit could ease pressure on founder and CEO Masayoshi Son, who shook up the tech investing world with aggressive bets on late-stage startups but suffered a series of high-profile stumbles as investments underpeformed.

Investors will also be looking for updates on the potential blockbuster listing of portfolio chip designer Arm, which if successful would provide a further cash injection for the group and burnish Son’s credentials as a farsighted tech investor.

“It’s a major catalyst for the company and a very important event for tech as a whole, considering Arm’s important position in semiconductors,” said analyst Rolf Bulk at New Street Research.

SoftBank is set to post net profit of 75 billion yen ($525 million) for April-June, showed the average of four analyst estimates compiled by Refinitiv.

Its Vision Fund unit has booked five consecutive quarters of investment loss after backing high-growth firms which fell out of favour with the market, forcing the conglomerate into a defensive stance to preserve cash.

“Public valuations in tech are trending up again and I would expect private valuations to follow suit,” said Bulk.

Listed gainers during the quarter included food delivery company DoorDash and ride hailing business Grab Holdings.

Analysts expect a return to profit could herald an uptick in new deals. Son in June said he plans to shift to “offence mode” amid excitement over advances in artificial intelligence (AI).

Recent activity by SoftBank includes its creation of a joint venture to build automated warehouses and investment in insurance tech company Tractable.

Analysts have also expressed enthusiasm over Arm’s prospects for expansion in data centres and in the automotive sector. Already, expectation that investment in AI will drive industry growth has boosted the market capitalisation of chipmaker Nvidia (NASDAQ:) – a former Arm suitor – above $1 trillion.

Given elevated valuations of industry peers, Macquarie analyst Paul Golding said he sees potential upside of $31.4 billion for Arm from its current book value.

“SoftBank mandated Arm to reinvest all of its profit to enter new markets,” New Street Research’s Bulk said. “Arm is now in a phase where they can reap the benefits of that investment.”

($1 = 142.6600 yen)

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

This $6 Aldi Find Could Save You Hundreds of Dollars

Burrow July 5, 2025

How and Where to Sell Your Gold — and Make the Most Cash

Make Money July 5, 2025

5 Things I Wish Someone Had Told Me Before I Became a CEO

Make Money July 4, 2025

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

Make Money July 4, 2025

Big, Beautiful, and Baffling: What The Law May Mean for Your Finances

Burrow July 4, 2025

7 Steps to Negotiate Your Salary and Get What You’re Worth

Make Money July 4, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

This $6 Aldi Find Could Save You Hundreds of Dollars

July 5, 20250 Views

How and Where to Sell Your Gold — and Make the Most Cash

July 5, 20250 Views

5 Things I Wish Someone Had Told Me Before I Became a CEO

July 4, 20250 Views

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

July 4, 20250 Views
Don't Miss

What Seniors Need To Know About Congress’ Big Budget Bill

By News RoomJuly 4, 2025

The massive 2025 budget bill, which Congress passed on July 3, would slash safety net…

Big, Beautiful, and Baffling: What The Law May Mean for Your Finances

July 4, 2025

7 Steps to Negotiate Your Salary and Get What You’re Worth

July 4, 2025

Starbucks Execs Can Earn Millions in Performance Stock Grants

July 3, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.