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Softbank I SoftBank third-quarter earnings recovery seen driven by IPO boom


Updated Feb 06, 2021 | 08:09 IST
Softbank is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, by analysts
SoftBank third-quarter earnings recovery seen driven by IPO boom  |  Photo Credit: AP
SoftBank Group Corp is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings.
The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, according to an average estimate of four analysts polled by Refinitiv SmartEstimate.
That compares with net profit attributable to shareholders of 55 billion yen in the same period a year earlier, when operating profit was almost wiped out as the $100 billion Vision Fund plunged to a loss on investments like office-sharing firm WeWork. ....

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SoftBank's third-quarter earnings recovery seen driven by IPO boom


By Sam Nussey
TOKYO (Reuters) - SoftBank Group Corp is expected to extend earnings recovery when it reports third quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings.
The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, according to an average estimate of four analysts polled by Refinitiv SmartEstimate.
That compares with net profit attributable to shareholders of 55 billion yen in the same period a year earlier, when operating profit was almost wiped out as the $100 billion Vision Fund plunged to a loss on investments like office sharing firm WeWork. ....

Masayoshi Son , Hiroyuki Nishikawa , Sam Nussey , Marcelo Claure , Kirk Boodry , Chamath Palihapitiya , Refinitiv Smartestimate , Investment Corp , Softbank Group Corp , Redex Research , Ali Baba Group , Vision Fund , Bank Group Corp , Uber Technologies , Chief Operating Officer Marcelo Claure , Ana Nicolaci , Softbank Group , Softbank Earnings , ஹீரோயுக்கி நிஷிகாவா , முதலீடு கார்ப் , சாப்ட் பேங்க் குழு கார்ப் , சாப்ட் பேங்க் , அலி பாபா குழு , பார்வை நிதி , வங்கி குழு கார்ப் , உபேர் தொழில்நுட்பங்கள் ,