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(Sharecast News) - SoftBank traded higher on Tuesday after its telecom arm lifted fullyear profit guidance, with renewed optimism around Arm also boosting sentiment toward the group's AI exposure.
SoftBank Corp, Softbank's telecommunications subsidiary, reported ninemonth revenue of JPY 5.2trn yen (34.49bn), up 8% yearonyear, while operating income also rose 8% to JPY 884bn (4.16bn).
As a result, SoftBank Corp, raised its FY revenue forecast to JPY 6.95trn (32.73bn) from 6.7trn (31.5nb) and increased its operatingincome target to JPY 1.02trn (4.8bn).
Elsewhere, consumer revenues rose 3% and income increased 6%, despite a 100,000 decline in smartphone subscribers in the third quarter following tighter customeracquisition policies.
A strong rally in Arm added further support to SoftBank, with the group benefiting from its sizeable stake in the UK chip designer. Arm posted record quarterly revenues of $1.242bn in the final three months of 2025, driven by demand linked to artificial intelligence, even though licensing revenues fell short of Wall Street expectations.
As of 0950 GMT, SoftBank shares were up 10.68% at JPY 4,705p.
Reporting by Iain Gilbert at Sharecast.com
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