SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business

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SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business

A steady growth in its mainstay domestic business is important for SoftBank, a diverse company with stakes from U.S. carrier Sprint to e-commerce giant Alibaba , as it reorients towards cutting edge tech investments in line with founder and chairman Masayoshi Son's growth plans for the firm. As part of that gameplan, SoftBank in September bought UK chip designer ARM Holdings, Britain's most valuable technology company, for $32 billion, in Japan's largest ever outbound deal. Its second-quarter profit rose to 334.7 billion yen ($3.21 billion) from 313.4 billion yen a year earlier.
People walk behind the logo of SoftBank Corp in Tokyo–finance.html

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23 comments on “SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business

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