SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds. The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.

The company lodged a steep quarterly increase on Vision Fund gains after swinging back to black in the three months to June.

Japanese Prime Minister Shigeru Ishiba has survived a runoff vote against the opposition but will face turmoil ahead amid anger over the ruling party’s financial scandals

TOKYO — Japan's parliament reelected Prime Minister Shigeru Ishiba on Monday after his governing coalition suffered the worst election loss in more than a decade, forcing the struggling leader to form his second Cabinet in just over a month since taking office.