SoftBank swings back to quarterly profit with US$7.7bil gain

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The story "SoftBank swings back to quarterly profit with US$7.7bil gain" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

SoftBank swings back to quarterly profit with US$7.7bil gain - The Star

Quick Summary:

TOKYO: Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.

The results show SoftBank's more cautious approach to investment is bearing some fruit.

The two Vision funds also fully or partially exited investments to the tune of $1.85 billion.