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Softbank just shocked its critics by landing the biggest profit in the history of a Japanese company

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SoftBank reported a record $36.99 billion Vision Fund unit profit from a fourth-quarter investment gain on Coupang.
The results put it among the world’s biggest earning firms a year after an unprecedented loss.
Group net profit was $45.88 billion in the year ended March, topping the $42.5 billion made by Warren Buffett’s Berkshire Hathaway in its last business year.

SoftBank on Wednesday reported a record 4.03 trillion yen ($36.99 billion) Vision Fund unit profit from a fourth-quarter investment gain on Coupang, putting it among the world’s biggest earning firms a year after an unprecedented loss.

Group net profit was 4.99 trillion yen ($45.88 billion) in the year ended March, topping the $42.5 billion made by Warren Buffett’s Berkshire Hathaway in its last business year. The annual profit is the largest posted by a Japanese company to date, according to reports from The New York Times and Wall Street Journal.

It also compares with a 962 billion yen loss a year earlier after teetering tech bets depressed the value of Softbank’s portfolio.

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