Softbank just shocked its critics by landing the biggest profit in the history - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: Softbank just shocked its critics by landing the biggest profit in the history (/thread-1514.html)

Softbank just shocked its critics by landing the biggest profit in the history - superadmin - 05-12-2021 Softbank just shocked its critics by landing the biggest profit in the history of a Japanese company 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. - More -