SoftBank logs small profit in Q1, unveils $3.4-billion buyback

SoftBank logs small profit in Q1, unveils $3.4-billion buyback

FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Japanese technology investor SoftBank Group swung to a small net profit in the April-June quarter and unveiled plans to buy back up to $3.4 billion in shares, answering investor calls for better returns.