In May, SoftBank posted its first annual profit in four years for the fiscal year ended March, helped by gains in SoftBank's older investments in Alibaba , T-Mobile and Deutsche Telekom.

SoftBank Group reported Q1 profit of $2.87 billion, beating forecasts. Vision Fund’s $4.8 billion gain was the key driver, supported by AI-linked investments. SoftBank leads $40B funding for OpenAI and is acquiring Ampere Computing for $6.5B.

The results mark SoftBank's second consecutive quarter of profit and follow its first annual profit in four years when it was helped by a strong performance by its telecom holdings and higher valuations for its later-stage startups.