Japanese technology investment firm SoftBank Group is expected to report quarterly net profit of 287 billion yen (about $1.87 billion) on Tuesday, boosted by successful portfolio company listings and a strong yen.

According to Reuters on the 11th (local time), the net profit forecast for July to September is the average of four analyst estimates compiled by the London Stock Exchange Group (LSEG), and compares with a loss of 931 billion yen in the same period last year.

MST analyst David Gibson expects investment revenue to reach $3.9 billion this quarter, and estimates that the listings of two Indian companies, Brainbiz Solutions and Ola Electric, will generate $900 million and $1 billion, respectively.

Additionally, the value of the dollar against the yen is expected to drop by about 10% during this period, which is expected to have a positive impact on SoftBank’s performance.

The pace of SoftBank’s new investments is already on the rise, with new investments totaling $1.9 billion during the April-June quarter, up from $300 million in the January-March quarter. Softbank also participated in the latest funding round of ChatGPT operator OpenAI in early October.

Additionally, SoftBank’s sound financial status is evaluated to be enabling large-scale investments.

Morningstar analyst Dan Baker noted that SoftBank’s financial position is “close to its strongest position in the past five years,” and that S&P Global Ratings and Japan Credit Rating Agency upgraded SoftBank’s credit rating earlier this year. added.

Reporter Eom Soo-young boram@wowtv.co.kr