SoftBank Group: net profit 9 months doubled over one year, + 18% for operating profit

SoftBank Group SoftBank Group : net profit 9 months doubled over one year, + 18% for operating profit The highly ambitious Japanese telecomm...

SoftBank Group


SoftBank Group: net profit 9 months doubled over one year, + 18% for operating profit

The highly ambitious Japanese telecommunications giant SoftBank Group announced Wednesday a doubling of its net profit over the first nine months of the year, helped by the diversity of its activities.

The group benefits from the expansion into semiconductors and a multitude of investments as well as exceptional recordings going hand in hand.At the end of the period from April to December 2016, the net profit of the billionaire Masayoshi Son group amounted to 857.43 billion yen (7 billion euros).

[caption id="attachment_796" align="alignnone" width="696"]SoftBank Group: net profit SoftBank Group: net profit[/caption]

In addition to better-operating accounts, NTT and KDDI's competitor included in its results a sum resulting from the sale of shares held in the Chinese juggernaut of Alibaba online sales and the contribution of various other transactions with subsidiaries. SoftBank Group: net profit 9 months doubled over one year, + 18% for operating profit

It also reported foreign exchange gains from currency movements between the time when group entities took out loans and when they repay.
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SoftBank Group: net profit 9 months doubled over one year, + 18% for operating profit


Its operating gain, for its part, gained 18% to 949.66 billion yen, thanks in particular to an improvement in the profits of mobile activities in Japan, as in the United States, with its subsidiary Sprint, the third-largest US cellular player bought at a hefty price.

Three years ago. Mr. Son said three months ago to see the end of the tunnel for this society he must straighten out.
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SoftBank Group's revenue


SoftBank Group's revenue, however, contracted by 0.3% to 6.581 billion yen, despite the contribution of the recently acquired UK semiconductor group ARM.

The downturn is explained by the decline in Sprint revenue due to the conversion to yen, which plays negatively because of a weakened greenback over the months considered.

"In dollars, Sprint's revenue has increased," said SoftBank.

[caption id="attachment_798" align="alignnone" width="696"]SoftBank Group's revenue SoftBank Group's revenue[/caption]

At the end of December, SoftBank Group's core business, cellular services in Japan, saw revenues increase by 2.5% and operating profit by 8.9%.

This time also distinguished the portal Yahoo Japan whose sales have increased significantly through the business of online commerce.

A press conference by the CEO of SoftBank Group is scheduled for later in the day, an opportunity that Mr. Son usually uses to communicate his new intentions, which he sometimes calls "madness".

His speech is all the more expected as he recently appeared alongside Donald Trump (before his inauguration) and promised, through a recently created fund, miraculous investments in the United States with tens of thousands new jobs.

SOFTBANK

SPRINT

ALIBABA GROUP HOLDING

NTT - NIPPON TELEGRAPH AND TELEPHONE

ARM HOLDINGS

YAHOO JAPAN CORP

KDDI CORPORATION

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