Economy / FinanceAsia

SoftBank joins corporate heavyweights with $37 bln Vision Fund profit


SoftBank bounced back with a quarterly profit of more than $45 billion, thanks to gains for tech stocks in its Vision Fund SoftBank Group Corp on Wednesday reported a record 4.03 trillion yen ($37 billion) Vision Fund unit profit from a fourth-quarter gain on Coupang , putting it among the world’s top earning firms a year after an unprecedented loss.  Group net profit was 4.99 trillion yen ($45.88 billion) in the year ended March, beating the $42.5 billion made by Warren Buffett’s Berkshire Hathaway in its last business year. “This is not a result to make us puffed up…

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