TOKYO, Nov 11 Reuters Japanese technology investor SoftBank Group is expected to report a 287 billion yen 1.87 billion quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currencydenominated gains.

Analysts are also looking out for signs of new investment momentum driven by SoftBank39;s robust balance sheet and management39;s bullish stance on artificial intelligence AI.

The net profit forecast for JulySeptember is based on the average of four analyst estimates compiled by the London Stock Exchange Group, and compares with a loss of 931 billion yen in the same period last year.

MST analyst David Gibson estimates an investment gain of 3.9 billion for the quarter, with the IPOs of two Indian companies Brainbees Solutions and Ola Electric  seen generating income of 0.9 billion and 1 billion, respectively.

A drop of around 10 in the value of the dollar versus the yen over the period is expected to weigh on SoftBank39;s bottom line.

Analysts are eagerly awaiting SoftBank39;s investment plans, after Founder and Chief Executive Officer Masayoshi Son told an investment summit in Saudi Arabia last month that he was saving tens of billion dollars for the next big move.

The pace of SoftBank39;s new investments is already trending upward, reaching 1.9 billion in the AprilJune quarter, up from 0.3 billion in JanuaryMarch. In early October, SoftBank also joined in the latest funding round for ChatGPT operator…