Tim Culpan, Columnist

SoftBank Gives Up Pretending It Isn't a Fund

It’s been a while since Masayoshi Son’s conglomerate operated a business.

Tech entrepreneur or fund manager? Masayoshi Son.

Photographer: Kiyoshi Ota/Bloomberg
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SoftBank Group Corp. has given up pretending to operate anything.

Once the owner of two telecom companies and a collection of other operating businesses, the Japanese conglomerate would report quarterly operating profit and net income.