Japanese conglomerate SoftBank Group reported a net profit of 248.6 billion yen in the fourth quarter of fiscal year 2025, turning losses into gains.

SoftBank Group of Japan announced on Thursday that it achieved a net profit of 248.6 billion yen in the quarter from October to December 2025. This performance marks a significant turnaround from a net loss of 369 billion yen in the same period last year. This is the fourth consecutive quarter that SoftBank has been profitable, largely due to the continuous increase in the valuation of its investment in ChatGPT developer OpenAI. SoftBank plans to continue increasing its stake in OpenAI throughout 2025. Currently, SoftBank's investment in OpenAI exceeds $30 billion, with a stake of approximately 11%, making it a "all-in bet" on OpenAI becoming the ultimate winner in large model competitions. In order to raise investment funds, the technology investment group has raised funds through asset sales, bond issuance, and using other holdings such as chip design company Arm as collateral to obtain loans. Prior to this, SoftBank sold $5.8 billion worth of Nvidia shares in the previous quarter and sold part of its T-Mobile shares for $9.17 billion, raising concerns among investors about whether SoftBank can continue to provide funding support for OpenAI, which has not yet been profitable. Additionally, despite being considered the absolute leader in the large model field, OpenAI's AI model training and operational costs have been steadily increasing amidst intense competition from rivals such as Alphabet, leading the company to engage in related negotiations.