Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, as a turnaround at its U. S. mobile unit Sprint helped it on its way to a record annual profit.
Japanese internet, robot and solar company SoftBank Group is reporting a 12-fold climb in quarterly profit, as a turnaround at its U. S. mobile unit Sprint helped it on its way to a record annual profit.
Tokyo-based SoftBank reported Wednesday a January-March profit of 580.5 billion yen ($5.1 billion) , up dramatically from 45.2 billion yen the same period a year earlier.
Quarterly sales rose nearly 2 percent to 2.32 trillion yen ($20 billion) .
For the year through March 2017, SoftBank, which acquired Britain’s ARM Holdings, an innovator in the “internet of things, ” last year, reported a record 1.
