Japan’s corporate earnings season opened with a series of upside surprises as several of the country’s largest conglomerates reported stronger-than-expected results for the quarter ended June and left full-year guidance intact. SoftBank Group swung to a profit of ¥421.82 billion, far ahead of the ¥158.23 billion consensus forecast and reversing a year-earlier loss. Revenue slipped marginally to ¥1.82 trillion, but the Vision Fund investment arm delivered a ¥451.39 billion gain, buoyed by rising valuations at holdings such as Nvidia and Coupang. The technology investor kept its dividend projection at ¥44 a share. Mitsubishi UFJ Financial Group, Japan’s largest lender, posted quarterly net income of ¥546.07 billion, topping estimates and increasing 2.2 percent after adjusting for one-off items. Firm loan demand and wider lending margins allowed the bank to reaffirm its record ¥2 trillion profit goal for the fiscal year. Among industrials, trading house Mitsubishi Corp reported net income of ¥203.12 billion, beating forecasts while maintaining a ¥700 billion full-year target and a planned dividend of ¥110 a share. Mitsubishi Heavy Industries earned ¥68.23 billion on business profit of ¥104.16 billion and repeated its ¥260 billion profit outlook. The stronger results across sectors suggest Japan’s blue-chip companies are withstanding higher U.S. tariffs and rising domestic interest rates, underpinning management confidence in existing earnings guidance for the year ending March 2026.