Son’s SoftBank poised to return to profit after big losses

After reporting record losses in May and warning the coronavirus outbreak could be as devastating as the Great Depression, SoftBank Group Corp. founder Masayoshi Son is already poised to declare a recovery.

When it announces results next week, the Tokyo-based company is projected to report operating income of more than $1 billion for the quarter ended in June, according to analyst estimates. The Vision Fund is likely to post a profit, three months after a $17.7 billion loss on tumbling valuations for its portfolio companies.