That gives the company the financial wherewithal to go after new strategic investments, said SoftBank Chief Financial Officer Yoshimitsu Goto.
SoftBank Group Corp laid out plans to get more aggressive in artificial intelligence and other fields, after reporting a second quarter of profit and a surge in the value of assets, including Arm Holdings Plc.
The Tokyo-based company earned a better-than-expected net income in the March quarter, helped by investment gains at the holding company and on derivative contracts. A surge in Arm’s stock since its initial public offering last year helped lift SoftBank’s net asset value to a record ¥27.8 trillion (US$178 billion), almost double the total a year earlier.
