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Yahoo Japan Posts 13% Net Profit Gain [online.wsj.com]
Yahoo Japan Corp. said its fiscal second-quarter net profit rose 13% year-to-year as revenue from its shopping, auction and content services grew.
The Internet service provider, which is affiliated with Softbank Corp. and Yahoo! Inc., said its net profit in the quarter ended September rose to 20.07 billion yen ($217.7 million) from 17.74 billion a year earlier, while revenue rose 3% to 68.04 billion yen from 66.07 billion yen.
Yahoo Japan operator Softbank's profit doubles as mobile business expands [mercurynews.com]
Softbank, which runs the only Japanese mobile operator to offer the iPhone, said profit doubled in the latest quarter as its cellular business continued to expand.
Net profit was 43.37 billion yen ($481 million) during the July-September period, up from 21.75 billion yen a year earlier, the company said Thursday. Revenue was nearly unchanged at 682.9 billion versus 681.7 billion.