Telco SoftBank sees stable profit, offering Son respite from virus

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 annual operating loss next week as Chief Executive Masayoshi Son's tech investments curdle.SoftBank..