SoftBank Vision Fund FY2025 earnings: $46B OpenAI gain
Key takeaways
- The Vision Fund segment recorded income before income tax of ¥6,444.6 billion for the year, compared with a loss of ¥115.0 billion in the prior fiscal year, according to SoftBank s earnings release.
- For the full year, SoftBank Group posted net income of ¥5,002.3 billion, up from ¥1,153.3 billion in the prior year, the company said.
- Outside of OpenAI, SoftBank s investment results were mixed.
Soft Bank Vision Fund FY2025 earnings: $46B Open AI gain Quartz · Sundry Photography / Getty Images Cris Tolomia Wed, May 13, 2026 at 6:41 PM GMT+7 3 min read 9434.T 9984.T Fueled almost entirely by a surging valuation on its Open AI holdings, the Vision Fund arm of Japanese technology group Soft Bank recorded roughly $46 billion in investment gains over the twelve months through March 31.
The Vision Fund segment recorded income before income tax of ¥6,444.6 billion for the year, compared with a loss of ¥115.0 billion in the prior fiscal year, according to SoftBank s earnings release. The gain was concentrated in its second Vision Fund, which logged investment gains related to OpenAI of $42.1 billion. The fair value of SoftBank s total investment in OpenAI reached $79.6 billion at year-end, against a cumulative investment cost of $34.6 billion — a valuation gain of $45.0 billion recorded during the fiscal year.
For the full year, SoftBank Group posted net income of ¥5,002.3 billion, up from ¥1,153.3 billion in the prior year, the company said. Revenue rose 7.7% to ¥7,798.7 billion.