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Technology investor SoftBank Group (9984.T) recorded a net ​profit of 1.9 trillion yen ($12.05 billion) in ‌the January-March quarter, it said on Wednesday.

The results compare to a net profit of 517 billion ​yen in the same period a year ​earlier.

SoftBank has now booked a net ⁠profit for five consecutive quarters as its ​mammoth investment in OpenAI pays off.

The Vision Fund ​unit, which holds SoftBank's stake in OpenAI, registered an investment gain of 3.1 trillion yen over the ​quarter.

The rising value of the ​ChatGPT-maker over multiple funding rounds over the past year ‌has ⁠been the primary driver of SoftBank's performance.

SoftBank has pledged a further $30 billion to OpenAI over the course of 2026, which would ​bring its ​total committed ⁠investment to $64.4 billion for a stake of about 13%.

It has ​sold off stakes in holdings such ​as ⁠T-Mobile (TMUS.O) and Nvidia (NVDA.O), issued bonds and taken out loans, backed by its holding of ⁠chip ​designer Arm and its domestic ​telecommunications arm SoftBank Corp (9434.T), to cover its outgoings.

($1 = 157.7300 ​yen)


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