SoftBank Japans Tech Giant Rise On Investments

Japanese technology giant SoftBank Group Corp.’s said Tuesday that its profit rose 14% in April to June from a year earlier as its investments added to its bank sheet, including sales of its shares in U.S. carrier T-Mobile.

Chief Executive Masayoshi Son said the company already has raised in several months nearly all the 4.5 trillion yen ($41 billion) it had promised in March to attain within a year.

Other companies in the SoftBank fold include British “Internet of Things” company Arm and Brightstar Corp., a U.S. wireless service provider Tmobile / Sprint. The Pepper humanoid robot is also a SoftBank product.

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