Japanese tech giant SoftBank records its first profit in 4 years

TOKYO (AP) — Japanese technology company SoftBank Group posted its first profit in four years Tuesday, as it raked in gains from its investment portfolios.

SoftBank warned of major uncertainties ahead because of President Donald Trump’s tariff policies, tensions between the U.S. and China, and other global conflicts.

Tokyo-based Softbank’s profit for the fiscal year through March totaled 1.15 trillion yen ($7.8 billion), a reversal from the 227.6 billion yen loss it racked up the previous year.

To read more click here