In the first fiscal quarter, SoftBank's net profit far exceeded expectations, achieving a gain of 1.3 trillion yen from its investment in Intel

Sina Finance
2026.08.06 07:37

SoftBank Group's net profit for the first fiscal quarter reached 347.3 billion yen, far exceeding the expected 120.23 billion yen. This was mainly due to a 1.3 trillion yen gain from its investment in Intel, as well as a 1.7 billion dollar increase in the Vision Fund's assets driven by the rise in ByteDance's stock price. Although this represents a nearly 18% decline year-on-year, the overall performance remains strong

SoftBank Group announced on Thursday that its profit for the first quarter of the current fiscal year exceeded market expectations, primarily due to a significant appreciation in its investment in Intel, while the rise in the stock price of ByteDance also boosted its Vision Fund division.

The company's net profit for the quarter ending in June reached 347.3 billion yen (approximately 2.2 billion USD), far exceeding the 120.23 billion yen expected by analysts surveyed by LSEG. However, this figure represents a nearly 18% decline compared to the same period last year.

SoftBank's holdings in the American chip manufacturer Intel generated a profit of 1.3 trillion yen. Last year, SoftBank announced an investment of about 2 billion USD in Intel, which allowed its investment division independent of the Vision Fund to achieve a departmental profit of 1.05 trillion yen.

The investment portfolio of the SoftBank Vision Fund includes companies such as OpenAI and ByteDance, the parent company of TikTok. The fund's asset value increased by 1.7 billion USD in the first quarter. The appreciation was mainly due to the increase in the value of SoftBank's stake in the Chinese company ByteDance, which rose by 2.2 billion USD, offsetting declines in the value of companies like PayPay.

The Vision Fund division achieved a profit of 5.4 billion yen for the quarter, compared to a profit of 451.4 billion yen in the same period last year. The company stated that its investment in OpenAI did not generate any gains or losses this quarter.

This stands in stark contrast to the previous quarter, when the Vision Fund recorded nearly 20 billion USD in appreciation, almost entirely from the increase in value of OpenAI

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