Yahoo Japan boosts earnings

Kyodo

Yahoo Japan Corp. said Tuesday it logged a group net profit of ¥100.56 billion in fiscal 2011, up 9.1 percent from the previous year, with brisk sales from online advertisements and game-related services enabling the Internet portal to post sales and profit gains for the 15th consecutive year since it began services.

Operating profit in the year to March 31 grew 3.4 percent to ¥165.00 billion on a 3.3 percent rise in sales to ¥302.09 billion, Yahoo Japan said.

The firm attributed the strong results to increased listing advertising, which is linked to search engines, and other advertisements on its websites.

Yahoo Japan plans to pay a dividend of ¥347 per share for fiscal 2011, up from ¥318 the previous year.

For the April-June first quarter of fiscal 2012, the company is expecting a group net profit in a range of ¥24.40 billion to ¥25.80 billion, up 4.7 to 10.7 percent from a year earlier, on sales ranging from ¥73.00 billion to ¥76.90 billion, up 1.6 to 7.0 percent.