Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg
Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg
Softbank

Japanese tech conglomerate SoftBank returns to profit after record losses

  • SoftBank’s net income hit US$11.8 billion for the quarter ended June 30, up from a loss of US$13.6 billion three months earlier
  • A global rally in technology shares lifted the value of SoftBank’s stakes in listed companies like Uber and improved the prospects for start-ups in its portfolio, such as Didi Chuxing

Topic |   Softbank
Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg
Pedestrians wearing protective masks walk past a SoftBank store in Tokyo, Japan, on August 7. Photo: Bloomberg
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