SoftBank's Vision Fund Has Best Quarter in Its History

SoftBank Group (OTC: SFTB.Y) closed out its calendar 2020 with a bang. The tech conglomerate's Vision Fund, which invests in a wide variety of other companies, boasted its best performance since being launched in 2017.

This was revealed in SoftBank's first-quarter to third-quarter earnings release (the latter quarter ended Dec. 31), which was published on Monday. For the nine-month period, the company's net sales rose by 6% on a year-over-year basis to 4.14 trillion yen ($39.3 billion). Meanwhile, net income more than quadrupled, to 3.10 trillion yen from 656 billion yen in the same period in 2019.

The two entities that comprise Vision Fund contributed significantly to this performance. Combined, the pair saw the value of their investments rise by 2.73 trillion yen ($25.9 billion) during the three quarters.

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Source Fool.com