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General

Softbank reports FY revenue up 3%, underlying profit grows

Wednesday 9 May 2018 | 11:50 CET | News
Japanese operator Softbank saw its net profit for the fiscal year to March 2018 decrease by 27 percent to JPY 1.03 trillion. Excluding one-time gains on divestments, derivatives losses and the impact of the US corporate tax reform, profit more than tripled, to JPY 779 billion from JPY 239 billion the previous year. Net sales increased by 3 percent year-on-year to JPY 9.15 trillion, while EBITDA climbed 2 percent to JPY 2.60 trillion. Net sales increased in the Domestic Telecommunications, Yahoo Japan, Distribution, and the Arm segments, but declined in the Sprint segment.

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Categories: General
Companies: Softbank / Sprint / Yahoo Japan
Countries: Japan
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