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SoftBank Group reported fiscal first-quarter profit Thursday that beat market expectations.
The company credited investment positions in Intel and ByteDance, the parent of TikTok, as the primary drivers of the outperformance.
The holdings behind the result SoftBank named two positions as key contributors: Intel, the chipmaker, and ByteDance, the technology firm that controls TikTok.
The report did not itemize what each holding contributed, nor did it disclose a specific profit figure or the margin by which SoftBank cleared expectations. SoftBank functions primarily as an investment vehicle.
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