Tech firm Softbank reports 12% rise in first-quarter profits

Japan Earns SoftBank

Japanese technology giant SoftBank Group Corp has said its profit rose by 12% in the April-June period from a year earlier as its investments added to its coffers.

Tokyo-based SoftBank reported a fiscal first-quarter profit of 1.2 trillion yen (£8.78 billion) on Tuesday, up from 1.1 trillion yen (£7.92 billion) in the previous fiscal year.