SoftBank Group returned to profitability in the three months to June, posting net income of ¥421.8 billion ($2.87 billion) against a consensus forecast of roughly ¥128 billion and a year-earlier loss of ¥174.3 billion. Revenue rose 7% to ¥1.82 trillion, broadly in line with expectations, and the company kept its full-year dividend target at ¥44 a share. The rebound was driven by a ¥451.4 billion profit at the Vision Fund investment arm, which booked a $4.8 billion increase in the fair value of its holdings. SoftBank said the fund now owns a late-stage portfolio valued at about $45 billion, helped by gains in Nvidia, Coupang and other technology names, reinforcing founder Masayoshi Son’s push into artificial-intelligence assets. Investors reacted swiftly: SoftBank shares jumped as much as 13% in Tokyo on Friday, lifting the stock to a record and adding roughly 259 points to the Nikkei 225. The rally helped propel the broader TOPIX index past the 3,000 milestone for the first time, with the benchmark closing at 3,029.41. Analysts said the earnings surprise, coupled with fresh clarity on U.S. trade tariffs, intensified buying across Japan’s equity market.