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SoftBank Group Corp on Monday reported that third quarter net profit ballooned more than 20 times, beating estimates, driven by recovery at its ...

The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of WeWork and the COVID-19 pandemic forced Masayoshi Son to sell assets to stabilize his investing empire

Alibaba's shares have fallen 17% from October highs after Chinese regulators halted the bumper IPO of its fintech affiliate Ant., , softbank, alibaba, tech investment, Japanese conglomerate

Updated Feb 06, 2021 | 08:09 IST Softbank is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, by analysts SoftBank third-quarter earnings recovery seen driven by IPO boom  |  Photo Credit: AP SoftBank Group Corp is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings. The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the Octob...

By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp is expected to extend earnings recovery when it reports third quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings. The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, according to an average estimate of four analysts polled by Refinitiv SmartEstimate. That compares with net profit attributable to shareholders of 55 billion yen in the same period a year earlier, when operating pro...