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SoftBank earnings set to rebound as pandemic puts Son on defensive

Focus on returns expected to pull tech conglomerate out from worst ever loss

SoftBank Group Chairman Masayoshi Son is concerned over the long-lasting impact of the coronavirus. (Photo by Yuki Kohara) 

TOKYO -- SoftBank Group is expected to recover from its worst ever quarterly loss when it reports April-June earnings on Tuesday after putting its aggressive investment strategy on hold. But analysts say the technology group is unlikely to return to its acquisitive style anytime soon.

SoftBank is expected to post a net profit of 795 billion yen ($7.5 billion) in the fiscal first quarter, according to consensus estimates on S&P Capital IQ, compared to a net loss of 1.4 trillion yen in the previous quarter.

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