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Profits from corporate services plunged but its advertising operations staged a double-digit profit gain. Even amid thrifty corporate spending on ads, Yahoo Japan was able to continue to boost profits.
Sales fell 4 per cent to 66.9 billion yen, but this was because of an accounting method change. Otherwise, sales would have risen 7 per cent.
Operating profit climbed 6 per cent to 33.1 billion yen. Operating profit from its ad business jumped 12 per cent to 18 billion yen.
For the full year ending March 31, Yahoo Japan sees sales growing 1-2 per cent to 264.9 billion yen to 267.7 billion yen and net profit soaring 21-22 per cent to 75.5 billion yen to 76.5 billion yen. Seeking a payout ratio of 10 per cent, the Internet firm will pay a fiscal-year-end dividend of 127 yen to 130 yen a share, up from 104 yen a year earlier.
(Nikkei)
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