SoftBank’s Q4 profit hits $2.11 bn in sign of comeback gaining steam

Technology investor SoftBank Group reported a second successive quarterly net profit on Monday, with performance at portfolio crown jewel Arm Holdings boding well for what the Japanese firm has said is a nascent return to growth.

SoftBank booked January-March profit of 328.9 billion yen ($2.11 billion), though full-year earnings remained in the red.

In February, Chief Financial Officer Yoshimitsu Goto had declared SoftBank – known for volatile earnings and outsized bets on startups – to be returning to a “growth trajectory”.