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Wireless

Softbank quarterly net sales grow 2.9%, profit up nearly 9%

Thursday 28 July 2016 | 13:45 CET | News
Japanese communications provider Softbank saw its net sales top JPY 2 trillion in the three months ended 30 June 2016, which represents an increase of 2.9 percent year-on-year. This resulted from increases in net sales of the Domestic Telecommunications segment, the Yahoo Japan segment, and the Distribution segment, which outweighed a decline in net sales of the Sprint segment. Net income rose 8.9 percent to JPY 250 billion in the quarter. Operating income amounted to JPY 319.2 billion, which represents a slight increase of 0.2 percent year-on-year.

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Categories: Mobile & Wireless
Companies: Softbank / Sprint / Yahoo Japan
Countries: Japan / United States
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