SoftBank posts first quarterly profit in over a year on bull market

Shares rise 11% ahead of earnings as tech investments show gains

20240208 SoftBank HQ

SoftBank Group benefited from the rise in the value of its tech investments. (Photo by Mayumi Tsumita)

WATARU SUZUKI and RYOHTAROH SATO, Nikkei staff writers

February 8, 2024 15:27 JST

Updated on February 8, 2024 20:04 JST

TOKYO -- SoftBank Group on Thursday reported its first quarterly profit in more than a year, thanks to a rise in the value of its tech investments.

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