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SoftBank Profit More Than Doubles to $16.6 Billion on OpenAI Valuation Gains

SoftBank Group reported a stunning surge in quarterly profits, more than doubling its net income to 2.5 trillion yen ($16.6 billion) in the July–September period, thanks largely to massive valuation gains from its stake in OpenAI, the creator of ChatGPT. The figure far exceeded analyst expectations — three LSEG analysts had forecast an average profit […]

Sony Lifts Profit Forecast by 8%, Citing Lower Tariff Impact and Strong Anime Performance

Sony has raised its operating profit forecast for the fiscal year ending March 2026 by 8% to 1.43 trillion yen ($9.5 billion), crediting a lower-than-expected impact from U.S. tariffs and strong results from its entertainment and semiconductor divisions. In the July–September quarter, operating profit climbed 10% to 429 billion yen, driven by robust sales in […]