Japan’s SoftBank Group Corp reported on Monday a 21 percent rise in second-quarter operating profit as its technology investments paid off.
Profit for the July-September quarter rose to 395.6 billion yen ($3.46 billion) from 328.1 billion yen a year earlier, the company said.
SoftBank’s Vision Fund announced in August that it would invest $ 2 billion Indian e-commerce operator Flipkart.
SoftBank also transferred its 4.9% stake in Vid Fund, a technology company Nvidia, which it bought in May for $ 4 billion in August.
Having made significant investments over the past few months, the company has announced that it had invested a $ 1.1 billion investment fund in Roviant Sciences, a Swiss pharmaceutical company based in Basel, by selecting a very new investment area for itself.