SoftBank third-quarter earnings recovery seen driven by IPO boom

REUTERS/Issei Kato

SoftBank Group Corp is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings.

The Japanese conglomerate is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, according to an average estimate of four analysts polled by Refinitiv SmartEstimate.

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