Softbank FY results boosted by acquisitions

Thursday 8 May 2014 | 08:48 CET | News
Japanese operator Softbank reported net profit for the fiscal year to March 2014 up 33.9 percent to JPY 586 billion, thanks to its takeover of Sprint in the US and growth on the domestic mobile market. Revenues doubled to JPY 6.667 trillion, and operating profit increased 35.8 percent to JPY 1.085 trillion. The company also benefited from the acquisitions of eAccess (January 2013), GungHo Online Entertainment (April 2013), Willcom (July 2013), Supercell (31 October 2013) and Brightstar (Janaury 2014). The results included JPY 55 billion in one-time charges, mainly impairments on ADSL and

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Categories: General
Companies: Brightstar / Softbank / Sprint / Willcom
Countries: Japan
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