TOKYO (Reuters) - Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.

SoftBank’s Vision Fund division reported significant gains of 608.5 billion yen ($3.96 billion) in its fiscal second quarter, as the Japanese conglomerate experienced a sharp rise in returns on its tech investments following a shift to profitability in June.

SoftBank said the co-CEO of Vision Fund, Rajeev Misra, will soon step down from his leadership roles at the firm's flagship technology investment Rajeev Misra is to step down from his leadership roles at SoftBank's flagship technology investment vehicles.

Rajeev Misra is formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund, bringing to a close a tumultuous tenure at the helm of what had been the largest-ever venture capital fund.

Misra's exit marks the end of his formal role at SoftBank, although he will continue to be involved in the investment world through his own fund, One Investment Management.