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Japan-Update

Sprint's struggles are sapping investor optimism in SoftBank

Bleak profit prospects for US wireless unit cast shadow over Son's other big plans

SoftBank Group CEO Masayoshi Son claims Sprint is making progress toward profitability, but analysts remain unconvinced.

TOKYO -- When SoftBank Group announces its earnings results for the year through March on Wednesday, investors and analysts should take note of the numbers related to the company's U.S. mobile unit Sprint.

Overshadowed by SoftBank CEO Masayoshi Son's latest headline-grabbing moves, such as the acquisition of ARM Holdings of the U.K. and the agreement to set up a $100 billion investment fund jointly with Saudi Arabia, Sprint's continuing woes are not getting the attention they deserve.

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