TOKYO (Reuters) – Japanese telco SoftBank Corp (9434.T) on Monday said it forecasts operating profit will rise 0.9% to 920 billion yen ($8.6 billion) in the current financial year.

Japan’s third-largest wireless carrier is a vital source of cash for its highly leveraged parent SoftBank Group Corp (9984.T), which is set to post a record annual operating loss next week as Chief Executive Masayoshi Son’s tech bets curdle.

Reporting by Sam Nussey; Editing by Christopher Cushing

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