SoftBank Profit Beats Estimates as Son’s Deals Fuel Growth

Masayoshi Son, who led deals totaling $2.7 billion last month, is tapping record revenue at SoftBank Corp. to underwrite the turnaround of his biggest acquisition Sprint Corp.

Sales will reach more than 6 trillion yen ($61 billion) in the 12 months ending March as Sprint rolls out a new network, Son said yesterday after reporting quarterly profit that beat estimates. The Tokyo-based company expects operating income of 1 trillion yen.