Earnings: Yahoo Japan Posts Highger Q3 Earnings


Yahoo Japan’s Q4 net profit grew 36.7 percent, helped by its online auction and Web advertising businesses, and it forecast even higher results in the current quarter. Consolidated net profit ose to 12.65 billion yen ($109.9 million) from 9.3 billion yen a year ago. That was higher than its expectations of 11.65 billion yen to 12.35 billion yen. Sales jumped 50.6 percent to 46.62 billion yen.

Softbank owns 41.8 percent of Yahoo Japan while Yahoo US has a 33.4 percent stake.

Comments are closed.