SoftBank Beats Profit Forecasts as Intel Stake and Vision Fund Gains Offset Losses

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📌 SoftBank Group Corp’s fiscal first-quarter profit fell less than expected, as strong gains on its Intel stake and Vision Fund investments helped offset rising costs and losses on other holdings. Softbank’s net income attributable in the three months to June 30 fell 17.7% to 347.33 billion yen ($2.20 billion). The print was nearly twice Bloomberg estimates of 165.83 billion yen