The Japanese investment firm gained for a fourth straight session, and closed at a record high on Thursday, before its earnings release.
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Shares of SoftBank Group
surged 13% Friday to hit a fresh record, following the company’s higher-than-expected fiscal first-quarter profit.
This marks the Japanese investment firm’s fourth straight session of gains, and comes after it closed at a record high in its previous session, before its earnings release.
SoftBank’s profits for the April to June quarter came in at 421.8 billion yen ($2.87 billion), substantially overshooting LSEG consensus estimates of127.6 billion yen.
In the fiscal first quarter, SoftBank said the fair value of its Vision Funds rose $4.8 billion.
The benchmark Nikkei 225 surged over 5% to a record high as Japan reopened after extended Golden Week holidays.
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