Softbank Group shares 13 % to a standard increase after semester profit estimates

shares SoftBank collection 13 % rose on Friday to achieve a new record, following the profit of the first high financial quarter of the company.

This represents the fourth consecutive Japanese investment session of the gains, and comes after closing it at a record level at its previous session, before issuing its profits.

Softbank’s profits for the quarter from April to June reached 421.8 billion yen ($ 2.87 billion), with LSEG consensus estimates of 127 billion yen.

This second profit from the profit in a row in the investment house is a sharp reflection of the loss of 174.28 billion yen that it published in the same period last year.

The Japanese giant announced on Thursday that The value of its vision funds increased by $ 4.8 billionIts largest gain since the quarter of June of 2021.

The profit for the vision funds sector, which also captures factors such as expenses, reached 451.4 billion yen in the first financial quarter ending in June, a reflection of losses in the same period last year.

The Japanese giant attributed this to gains from private investments as well Grab the holdingsAnd the Delivery of Indian Food Swiggy.

Companies that have received investments through the vision boxes in Softbank include chips designer ArmSoftware player brands in the giant Animoca and Technology Giant game.

A few companies of the investment company governor It is expected that you will pass the audience this year. Among them Indian glasses seller Lenskart Which applied for a preliminary public offer on July 29, which includes the issuance of new shares worth 21.5 billion rupees (247.58 million dollars).

Other companies provided to the list soon include the Japanese Paypay Payment service player, the Swedish financial service player KLARNA, and Klook App Klook.

– Arjun Kharpal from CNBC contributed to this report.