Japanese telco SoftBank sees FY operating profit stable at Y920 billion

TOKYO (Reuters) - Japanese telco SoftBank Corp on Monday said it forecasts operating profit will rise 0.9% to 920 billion yen ($8.6 billion) in the current financial year. Japan's third-largest wireless carrier is a vital source of cash for its highly leveraged parent SoftBank Group Corp , which is set to post a record annual operating loss next week as Chief Executive Masayoshi Son's tech bets curdle.