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Telco SoftBank sees stable profit, offering Son respite from virus

FILE PHOTO: A woman using a mobile phone walks past the logo of SoftBank Corp in Tokyo
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TOKYO (Reuters) - SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier, as it continues to generate cash amid the coronavirus-induced economic downturn. Japan's third-largest wireless carrier is a vital source of funds for highly leveraged parent SoftBank Group Corp , which is set to post a record..
Date Published: May 11, 2020
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