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SoftBank set for record $41.7bn net profit in fiscal 2020

Vision Fund rebound lifts tech player to best-ever result for Japanese company

Masayoshi Son speaks during a news conference in Tokyo on Feb. 8. (Photo courtesy of SoftBank Group)

TOKYO -- SoftBank Group is set to report a net profit of about 4.5 trillion yen ($41.7 billion) for the fiscal year that ended March 31. That would be the highest net profit ever for a Japanese company and a complete reversal of the previous year's results, when the company posted its largest-ever net loss.

The group's investment fund, the Vision Fund, rebounded strongly after several of its investment targets went public, supported by the global stock rally.

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