Wires

SoftBank Corp CEO says WeWork Japan can become profitable "in near future"

TOKYO, Nov 5 (Reuters) - SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork's Japanese business can become profitable "in the near future."

WeWork Japan, a joint venture between the office-space sharing startup, telco SoftBank Corp and its parent SoftBank Group Corp, is growing well with high occupancy rates, executives said at a news conference.

SoftBank Group was forced to bail out U.S-based WeWork after its IPO attempt flopped and is leading a restructuring at the money-losing firm. (Reporting by Sam Nussey; Editing by Himani Sarkar)