Softbank doubles revenues, net profit stable in Q3

News General Japan 12 FEB 2014
Softbank doubles revenues, net profit stable in Q3
Japanese communications provider Softbank posted a net profit of JPY 93.3 billion for its fiscal third quarter to December, down slightly from JPY 94.23 billion due to losses at its US operator Sprint. EBITDA improved to JPY 483.7 billion from JPY 286.3 billion, and revenues nearly doubled, to JPY 1.963 trillion from JPY 842.3 billion. Capital expenditure also doubled, to JPY 404.6 billion from JPY 201.4 billion, leading to a drop in operating cash flow to JPY 46.4 billion from JPY 74.3 billion. 

In Japan, the company posted higher revenues at all its mobile operations - Softbank Mobile, eAccess and Willcom - helped by the net addition of 1.384 million new customers in the three months. Mobile revenues rose to JPY 817 billion from JPY 630 billion a year earlier, and EBITDA improved to JPY 275 billion from JPY 197 billion, in part due to the acquisitions of eAccess, GungHo, Supercell and Willcom. 

Handset sales jumped to 3.713 million from 3.150 million in the preceding quarter, but ARPU continued lower, at JPY 4,090 versus JPY 4,120 in the previous quarter and JPY 4,300 a year earlier. At the company's fixed broadband unit, ADSL subscribers fell to 1.921 million from 1.997 million at the end of September, while fibre customers rose to 2.378 million from 2.290 million over the same period. 

For the full year to March, Softbank said it's on track for sales of over JPY 6 trillion and EBITDA over JPY 1.5 trillion. In the next fiscal year, this should increase to JPY 7 trillion in revenues and JPY 2 trillion in EBITDA.

Categories:

General

Companies:

Sprint,  Willcom,  eAccess,  Softbank Mobile,  Softbank

Countries:

Japan

Tags:

Voice services, Data services, Financial figures, Internet Access

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