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SoftBank's first-quarter income falls 18%

SoftBank's first-quarter income falls 18%

By Anton Bridge

- Japanese technology investor SoftBank Group 9984.T booked an 18% fall in first-quarter net income, it said on Thursday.

Net income for the April-June quarter was 347.3 billion yen ($2.20 billion), beating a forecast of 148.4 billion yen by four analysts surveyed by LSEG.

The result compares to a profit of 421.8 billion yen in the same period a year earlier.

($1 = 157.7800 yen)


(Reporting by Anton Bridge; Editing by Kate Mayberry)

((Anton.Bridge@thomsonreuters.com))

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