SoftBank Profits Rise, Partly on Gains From Saudi-Tied Fund

SoftBank Profits Rise, Partly on Gains From Saudi-Tied Fund
The logo of SoftBank Group Corp. is displayed at SoftBank World 2017 conference in Tokyo on July 20, 2017. Issei Kato/Reuters
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TOKYO—Japanese technology company SoftBank has reported a 36% year-on-year increase in profit for the fiscal year through March, partly on gains from its Vision Fund.

After the killing of Saudi journalist Jamal Khashoggi, SoftBank said it would diversify sources of its funding for investments. Much of the Vision Fund money had come from Saudi Arabia.