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Yahoo Japan marks record net profit for April-Dec.

2:31 am on Jan 27, 2011 (gmt 0)

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Yahoo Japan marks record net profit for April-Dec. [mdn.mainichi.jp]

Yahoo Japan Corp. said Tuesday its group net profit for the April-December period rose 12.7 percent from a year earlier to a record 67.80 billion yen on improved online advertising revenues.

It also said it would pay a year-end dividend ranging from 313 yen to 319 yen per share, up from 288 yen paid in the previous year.

Yahoo Japan, which is in the process of tying up with Google Inc. in search and online advertising operations, said its revenues in the reporting period came to 216.63 billion yen, also a record high, and up 4.8 percent from a year earlier.

The Japanese Internet portal company attributed the improvement in earnings partly to increased online advertising orders from travel agencies and cosmetics companies, as well as strong demand for advertising on mobile devices, especially smartphones.

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