Japan’s SoftBank Group Q4 results: Profit rises to $3.5 bn, beats estimates

Japanese investment conglomerate SoftBank Group booked a net profit of 517 billion yen ($3.49 billion) for January-March on strong performance from its telecommunications holdings and higher valuations in its later-stage startup holdings.

The result compared with 231 billion yen profit for the same period the previous year and the 26.9 billion yen average loss from five analyst estimates compiled by LSEG.