Yahoo! Japan Reports JPY31.99bn Net Profit


News: Japan-based Softbank Corp's subsidiary Yahoo! Japan registered a net profit of JPY31.99bn (USD312mn) in Q413, ended March 31, reports Telecompaper, citing the firm's earnings statement. The company posted a 3.5% year-on-year (y-o-y) rise in revenues to JPY101.3bn (USD991mn). Yahoo! Japan registered an 8.8 y-o-y rise in net profit to JPY125.1bn (USD1.22bn) in FY13, and a 12.6% increase in revenues to JPY386.2bn (USD3.77bn). Revenues from the marketing solutions business segment stood at JPY272.5bn (USD2.66bn), up 15.8 y-o-y. The company posted a 0.8% y-o-y increase in consumer business revenues to JPY101.8bn (USD995mn). The company estimates revenues and operating profits of JPY335.9bn (USD3.28bn) and JPY93.4bn (USD913mn) respectively in FY14.

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Geography: Japan