Yahoo Japan logs 7.6% increase in net profit

Kyodo

Yahoo Japan Corp. said its group net profit for the April-December period climbed 7.6 percent from a year earlier to ¥72.95 billion thanks to brisk sales for online advertising and game-related services.

Operating profit increased 3.4 percent to ¥121.20 billion on revenue of ¥222.18 billion, up 2.6 percent, the firm said Wednesday.

The Internet portal attributed the improved earnings to increased listing advertising, which is linked to search engines, and other ads on its website, especially a substantial rise in orders from cosmetics and the real estate companies.

Paid online game services such as Yahoo Mobage as well as online shopping or storage accessed through smartphones also gave the firm’s earnings a boost.

For all of the business year ending March 31, the company expects group net profit to climb to between ¥97.15 billion and ¥99.15 billion, up 5.4 percent to 7.6 percent from a year earlier, with revenue projected at between ¥299.78 billion and ¥304.58 billion, up 2.5 percent to 4.2 percent.

Operating profit is expected to surge to around ¥163.30 billion to ¥166.60 billion, up 2.3 percent to 4.4 percent.

Yahoo Japan said it would pay a year-end dividend ranging from ¥336 to ¥342 per share, up from ¥318 last year.