TOKYO -- SoftBank Group on Thursday said its net profit rose 36% to 1.41 trillion yen ($12.9 billion) for the year ended March 31, driven largely by the Vision Fund, which reached 1 trillion yen in unrealized gains for the first time. Operating profit rose 80.5% to 2.35 trillion yen.
CEO Masayoshi Son announced plans for a second Vision Fund, on par with the $100 billion investment fund backed by Saudi Arabia and Abu Dhabi, further accelerating the company's push into tech investment.
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