SoftBank shares rise 13% to record high

10/08/2025 Argaam
Logo ofSoftBank

Logo of SoftBank 

SoftBank shares rose by nearly 13% on Friday, reaching a new record high after the Japanese conglomerate reported stronger-than-expected quarterly earnings.

 

The technology investment firm announced a profit of JPY 421.8 billion ($2.87 billion) for the April to June period, surpassing forecasts of JPY 127.6 billion.

 

The company's stock rose 11.35% on the Tokyo Stock Exchange to JPY 13,985 as of 8:14 a.m. Makkah time, slightly down from its earlier 13% gain. The stock was on track for its best daily performance in five years.

 

The rally followed four consecutive sessions of gains, including Thursday's close at an all-time high, ahead of the earnings announcement.

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