NOTHING PLANNED: SoftBank Corp has no plans to invest in messaging application Line Corp, Ken Miyauchi, chief operating officer of Japan's No 3 mobile carrier, told reporters on Friday.
TOKYO: SoftBank Group Corp’s first quarter profit climbed 49% from a year earlier, thanks to investment gains.
The Japanese telecommunications provider and technology investor said operating profit was 715 billion yen (US$6.4bil) in the three months ended June, boosted by a 245 billion yen gain from its Vision Fund and a 161 billion yen gain on the sale of subsidiary ARM’s Chinese unit.
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