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Japan-Update

SoftBank's rosy operating results mask heavy debt load

Tech group's interest payments exceeding $4bn weigh on net profit

SoftBank CEO Masayoshi Son speaks at a news conference in Tokyo on Nov. 6.

TOKYO -- SoftBank Group saw its net profit plunge sharply for the April-September half despite posting a record operating profit, exposing a heavy toll exacted by enormous interest payments and intricate derivatives arrangements.

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