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For the fiscal year 2024, SoftBank Group reported a full-year net profit of 1.15 trillion yen, marking a remarkable turnaround from the 227.65 billion yen loss incurred in the same period the previous year. Market expectations had been set at 709.69 billion yen. Particularly noteworthy is the fourth quarter's net profit, which surged to an impressive 517.18 billion yen (approximately $3.5 billion), vastly surpassing market forecasts of a 108.11 billion yen loss. According to the report released by SoftBank Group, this robust performance was fueled by the significant growth in demand for artificial intelligence, which bolstered the valuations of startups and the sales performance of its chip subsidiaries. Additionally, this surge in demand spurred the company's investment plans for data centers.
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