The SoftBank logo is displayed at a company store in Tokyo, Japan on January 28, 2025.
Issei Kato | Reuters
Shares SoftBank Group The company soared a new record of 13% on Friday after higher than expected fiscal first-quarter profits.
This marks the fourth consecutive earnings of Japanese investment firms and after closing at record heights before the last earnings.
SoftBank Share
SoftBank’s profit in the April-June quarter was 421.8 billion yen (US$2.87 billion), significantly surpassing the LSEG consensus estimate of 127.6 million yen.
This marks a second consecutive quarter of profits for the investment company, a sharp reversal compared to the 174.28 billion yen loss released a year ago.
The Japanese giant announced on Thursday The value of its Vision Fund grew by $4.8 billionThis is the biggest gain since the June 2021 quarter.
Vision Fund’s profits also captured factors such as expenses, reaching 451.4 billion yen in the first quarter of June, the opposite of losses in the same period last year.
Japanese giants attribute it to gains from private investments as well as listed companies such as Singapore ride-hailing companies catchand Indian food delivery companies Wiggy.
Companies receiving investments through SoftBank Vision Fund include chip designers Arm holdingthe huge beast of Animoca brand and internet technology.
Some investment companies are It is expected to be published this year. Among them is Indian glasses retailer Lenskart The company filed for an initial public offering on July 29, which included fresh stocks worth Rs 215 crore ($247.58 million).
Other companies that are about to go public include Japanese mobile payment service operator Paypay, Swedish financial services participant Klarna and Travel App Klook.
– Arjun Kharpal of CNBC contributed to this report.
