Tech Stock Valuation Surge Drives SoftBank's Profit Surge; Company Sold NVIDIA Stake in October
Deep News
Yesterday
On November 10, SoftBank Group's latest financial report revealed a second-quarter net profit of 2.50 trillion yen, significantly surpassing the estimated 418.23 billion yen. Net sales for the quarter reached 1.92 trillion yen, exceeding market expectations of 1.89 trillion yen.
The report also showed that SoftBank's net profit for the first half of the year stood at 2.92 trillion yen, with net sales totaling 3.74 trillion yen.
Additionally, SoftBank announced a 1-for-4 stock split, effective January 1, 2026.
Meanwhile, the company disclosed that it had sold its stake in NVIDIA in October.
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