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SoftBank has unveiled its financial results for Fiscal Year 2024, reporting a robust revenue of JPY 6,544.349 billion, marking a significant 7.6% increase compared to the previous year. Operating profit also saw a healthy rise, reaching JPY 989.016 billion, up 12.9%. Looking ahead, the company forecasts FY2025 revenue to hit JPY 6.7 trillion, accompanied by an operating profit of approximately JPY 1 trillion.
Furthermore, SoftBank has announced plans to invest JPY 3 billion in the joint development of AI memory IP with strategic partners. This initiative aims to tackle the challenges of high energy consumption and limited processing capabilities within the industry. However, the company has clarified that it will not venture into the memory manufacturing sector itself.
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