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Against the backdrop of a technology investment cycle marked by uneven valuations and selective capital flows, SoftBank on Thursday posted fiscal first-quarter profit that beat market expectations.
The quarter was carried by an $8.2 billion investment gain from Intel.
The quarter's headline figure For a holding group whose income tracks portfolio valuations at least as closely as it tracks operating performance, a single-position gain of $8.2 billion does not sit in the footnotes.
It determines the shape of the quarter. SoftBank's result cleared what the market had anticipated, and the source was the Intel position. The group reported the profit beat for its fiscal first quarter on Thursday.
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