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Yahoo Japan Profit Rises 25%

1:24 am on Apr 28, 2010 (gmt 0)

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Yahoo Japan Profit Rises 25% [online.wsj.com]

Yahoo Japan Corp. said Tuesday its net profit for the fourth quarter ended March rose 25% from a year earlier, helped by revenue growth in its business services segment.

The company's net profit came to Y23.36 billion in the January to March period, compared with Y18.69 billion in the previous year.

For the full fiscal year, Softbank's net profit rose 12% to Y83.52 billion from Y74.72 billion, thanks to sales growth at its Yahoo! Shopping website. Sales for the just-ended year increased to Y279.86 billion from Y265.75 billion a year ago.