Japanese conglomerate SoftBank announced a 49% increase in its profit in the first quarter of its fiscal year 2018, driven by the sale of its share in Indian online retailer Flipkart by its Vision Fund, in addition to the sale of most of the Chinese operations of chip design unit ARM Holdings.

Read more: Tech investment sales drive SoftBank’s earnings

Japan's largest mobile telecommunications group, NTT Docomo, said it had posted a net profit of up to 9,2% over a year in the first quarter of its 2018/19 fiscal year, thanks to a surge in the number of subscribers to its offers. The company also highlighted that it had benefited from an increase in revenues related to its fiber optics services.

Read more: NTT Docomo exceeds expectations in Q1

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