Yahoo Japan Posts 87 Pct Jump in Profit

Yahoo Japan, Japan’s top Internet portal, posted an 87 percent jump in Q3 profit, and raised its forecast for the full year, thanks to record ad sales and a strong auction business.

And, get this: Yahoo Japan, with a market capitalization of 2.87 trillion yen, is the nation’s largest media stock with a market value greater than the combined capitalization of Japan’s four biggest broadcasters. Its stock has tripled in value since the start of the business year last April.

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