SoftBank group posts record profit of 527.04 bil yen

SoftBank group posts record profit of 527.04 bil yen

TOKYO, Japan - Masayoshi Son, chairman and chief executive officer of SoftBank Corp., briefs reporters on the company's financial results at a press conference in Tokyo on May 7, 2014. For the past year to March 31, SoftBank's group net profit surged 41.5 percent from a year earlier to a record 527.04 billion yen due to a rise in subscriptions and purchase of the third-biggest U.S. telecom carrier Sprint Nextel Corp.

Sprint Nextel shop

Sprint Nextel shop

NEW YORK, United States - Photo shows a shop in New York operated by Sprint Nextel Corp., the third biggest U.S. cellphone company, on July 10, 2013. Softbank Corp. said the same day it has completed the $21.6 billion (about 1.8 trillion yen) acquisition of Sprint Nextel, giving birth to the world's third largest mobile phone carrier.

Sprint Nextel

Sprint Nextel

OVERLAND PARK, United States - Sprint Nextel Corp. holds a shareholders' meeting in Overland Park, Kansas, on June 25, 2013. The shareholders approved Softbank Corp.'s offer to acquire the third largest U.S. mobile carrier for $21.6 billion, paving the way for the Japanese carrier to enter the U.S. wireless market.

Sprint Nextel

Sprint Nextel

OVERLAND PARK, United States - Photo taken on June 24, 2013, shows the headquarters of Sprint Nextel Corp. in Overland Park, Kansas. Shareholders of Sprint Nextel Corp. on June 25, 2013, approved Softbank Corp.'s offer to acquire the third largest U.S. mobile carrier for $21.6 billion, paving the way for the Japanese carrier to enter the U.S. wireless market.

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son attends a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel Corp. in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (L) shakes hands with Sprint Nextel Corp. Chief Executive Officer Dan Hesse at a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (L) and Sprint Nextel Corp. Chief Executive Officer Dan Hesse attend a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (R) and Sprint Nextel Corp. Chief Executive Officer Dan Hesse attend a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

Softbank to purchase 70% stake in Sprint: reports

Softbank to purchase 70% stake in Sprint: reports

NEW YORK, United States - Photo shows a retail outlet of Sprint Nextel Corp. in New York on Oct. 12, 2012. U.S. media reported on Oct. 14, 2012, that Japan's Softbank Corp. and Sprint Nextel have reached a deal under which Japan's third-largest mobile phone carrier will pay $20 billion to acquire a 70 percent stake in the third-largest U.S. cellular phone company.