The Tokyo-based company earned a net income of 231.1 billion yen (€1.4 billion), compared with a net loss of 57.6 billion yen in the March quarter last year. Analysts projected net income of 176.3 billion yen for the period. The Vision Fund reported a loss of 96.7 billion yen, missing estimates for a profit of 185.1 billion yen. The Japanese investment firm is in talks to acquire British semiconductor start-up Graphcore. To increase funds for investment, SoftBank could offload its holdings in T-Mobile, Deutsche Telekom, or Arm.

Source: The Irish Times May 13, 2024 18:47 UTC