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SoftBank Recovery Gains Ground With Vision Fund’s Record Profit

  • The unit booked a $7.6 billion profit in fiscal second-quarter
  • Derivative bets totaled $2.7 billion at the end of September
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Masayoshi Son is making his case for SoftBank Group Corp.’s turnaround.

The Japanese conglomerate reported a record 784.4 billion yen ($7.6 billion) profit in its Vision Fund business for the three months ended Sept. 30, a sign the fund’s investments in startups are paying off amid a broad rally in technology stocks. One Chinese startup quadrupled SoftBank’s money after going public in August.