Overview
- SoftBank reported net profit of 5.00 trillion yen for the year ended March, powered by a surge in the value of its OpenAI stake.
- The Vision Fund booked about $46 billion in gains for the year, with roughly $45 billion tied to OpenAI.
- The results reflect mark-to-market valuations rather than cash sales, which leaves earnings sensitive to swings in AI company prices.
- In February, the group lifted its OpenAI commitment to $64.6 billion, raising its ownership to about 13 percent after a new $30 billion pledge.
- To fund the larger stake, SoftBank arranged a $40 billion bridge loan in March, drew $20 billion in April, and has repaid $2.5 billion.