SoftBank Group first-quarter profit blows past estimates on Vision Fund gains

TOKYO (Reuters) - Japan’s SoftBank Group Corp (9984.T) raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund.

The group’s results have been increasingly volatile as founder and Chief Executive Masayoshi Son shifts focus from the predictable income of telecoms in favor of bets, through its mega fund, on fast-growing startups with shifting valuations.

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