Softbank grows H1 profit 77% on acquisitions

News General Japan 1 NOV 2013
Softbank grows H1 profit 77% on acquisitions

Japanese communications provider Softbank posted a net income of JPY 394.92 million for the first half ended 30 September. Net income rose by 76.8 percent from JPY 242.53 billion a year earlier. Net sales were JPY 2.60 trillion, up 72.7 percent from JPY 1.50 billion a year earlier on JPY 760.94 billion in newly added Sprint sales from Q2. 

The mobile segment also recorded a 27.4 percent year-on-year increase in net sales to JPY 1.39 trillion, helped by the consolidation of eAccess from January, GungHo Online Entertainment from April and Willcom from July, as well as increases in the number of subscribers and units sold at SoftBank Mobile. 

During the period, Softbank gained 1.59 million new mobile subscribers, bringing its total to 4.07 million. Fixed-line sales totaled JPY 270.37 billion, up 3.2 percent year-on-year on eAccess consolidation, and internet sales grew 20.4 percent to JPY 196.29 billion.

Categories:

General

Companies:

Sprint,  Willcom,  eAccess,  Softbank Mobile,  Softbank

Countries:

Japan,  United States

Tags:

Financial figures

Related Articles

JAPAN 4 NOV 2014

Softbank H1 net income jumps 36.6%

Japanese communications provider Softbank posted a net income of JPY 608.4 billion for the first half ended 30 September, which represents an increase of 36.6 percent year-on-year. Net sales amounted to JPY 4.10 trillion, up 57.9 percent from JPY 2.59 billion a year earlier. The mobile segment saw a 36.6 percent year-on-year increase in net sales to JPY 1.89 trillion. SoftBank Mobile ended September with 37 million subscribers. Net subscriber additions for the interim period at SoftBank Mobile totaled 1.12

JAPAN 3 DEC 2013

SoftBank to merge Willcom with eAccess

SoftBank is merging subsidiaries Willcom and eAccess. Since January this year, both companies already supported each other's products at their respective outlets and they have now reached an agreement to merge. The merger, which will see eAccess absorb Willcom, is expected to become effective on 1 April 2014. The merged entity will serve over 10 million subscribers and will expand mobile and fixed broadband services as well as Willcom's PHS service. Eric Gan, currently the president of eAccess will head the

JAPAN 24 NOV 2013

SoftBank outlines JPY 50 bln bond issue

Japanese communications provider SoftBank will issued JPY 50 billion in unsecured, straight bonds. The term for the bonds is set at seven years and the coupon rate at 1.689 percent. SoftBank will use the proceeds to repay existing borrowings.

JAPAN 11 NOV 2013

SoftBank adds 425,300 mobile subs in October

Japanese mobile operator SoftBank added 425,300 net new customers in October to end the month with a total of 135.31 million mobile subscribers, according to figures from the Telecommunications Carriers Association. KDDI secured 232,700 new customers to bring its total to 39.05 million, while NTT Docomo lost 66,800 customers in October to end the month with 61.77 million subscribers.

JAPAN 31 OKT 2013

SoftBank selects Ericsson for voice over LTE service

Ericsson is selected by Japanese mobile operator SoftBank Mobile to provide and integrate its end-to-end network service, Mobile Telephony Evolution with VoLTE. Ericsson's VoLTE service will offer subscribers HD voice and video calling and multimedia services. The VoLTE infrastructure will enable additional communication services and will serve as the basis for SoftBank's future network virtualisation plans and Telecom Cloud introduction. Until nationwide LTE coverage is deployed, Ericsson will deploy netwo

CHINA 30 OKT 2013

Softbank sells stake in Chinese online TV service PPTV

The Chinese parent of electronics store operator Laox said that it will invest up to USD 250 million in the operator of internet TV service PPTV to become a top shareholder. Suning Commerce Group agreed to acquire SoftBank's entire 35 percent interest in the Chinese online TV firm, the Nikkei reports. The purchase will lift Suning's stake to 44 percent. Softbank has not disclosed the sale price. PPTV makes movies and sports channels available over the internet in China. SoftBank bought the stake for about J

UNITED STATES 30 OKT 2013

Sprint loses customers in Q3

Sprint reported a net profit of USD 383 million for the third quarter, reversing a loss of USD 767 million a year earlier. The result benefited from a one-time gain of USD 1.4 billion on a write-up of its investment in Clearwire and also included pre-tax expenses of USD 217 million for its takeover by Softbank and its acquisition of the rest of Clearwire. Adjusted EBITDA improved 5 percent year-on-year to USD 1.34 billion, helped by service revenue growth at the Sprint brand and the shutdown of the Nextel p

GLOBAL 18 OKT 2013

Softbank invests JPY 1.26 bln in Brightstar

Brightstar has announced a definitive agreement for Softbank to invest JPY 1.26 billion in BrightStar. As part of the transaction, the Buying & Innovation Group, "BIG," a joint venture created to provide savings and efficiencies for Softbank, Sprint and Brightstar, will become a division of Brightstar. Softbank's investment, which values Brightstar at JPY 2.2 billion, including its existing outstanding debt, is the next step in Brightstar's evolution. As a result of the transaction, Brightstar will become t

GLOBAL 15 OKT 2013

Softbank buys stake in Finnish games developer Supercell

Finnish games developer Supercell has agreed to sell a 51 percent stake in the company to Japan's Softbank and GungHo Online Entertainment, another games developer, for a total USD 1.5 billion. GungHo, which already works with Supercell on some platforms, will put up 20 percent of the investment. Supercell CEO Ilkka Paananen said the company holding the controlling stake will be based in Finland. The investment from Softbank is expected to accelerate the global growth of the maker of 'Clash of Clans'. Start

Just In

20 DEC 15:08

Dialog Axiata to offer Starlink satellite service across Sri Lanka

20 DEC 14:51

Sri Lanka raises LKR 10 billion in 5G spectrum auction

20 DEC 14:00

Vi introduces Niyo Zero Forex Markup Card for travelers

20 DEC 13:39

True reshuffles executive team

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.