SoftBank Group released results for the period through June this year. Net income was ¥347.3 billion, down 18% year on year, as upfront investment in businesses including AI weighed on earnings.
SoftBank Group announced results for the fiscal year ended June 2024. Net income was ¥347.3 billion, down 18% from the same period a year earlier.
The results indicated that upfront investment, including in AI-related areas, put pressure on earnings, with investment in AI infrastructure also reported to have had an impact.
Investment in the AI sector is positioned as part of the company’s growth strategy, and attention is focused on its future investment policy and the restructuring of its business portfolio.
These results were sourced from reporting by TBS NEWS DIG and are said to be based on the contents of the company’s official earnings materials.