Day 587 { Softbank Profit Doubles } Tuesday, October 27, 2009

Day 587 { Softbank Profit Doubles }

Went to the Tuesday English conversation thingy today along with one of the ALTs I play football with on Thursdays. I am trying to introduce him to more people around the area. About 7 other Alts were there as well and we basically introduced ourselves and had some basic dialogue with some Japanese persons in the community.

Softbank profit doubles as its mobile business expands

Softbank Corp., which runs the only Japanese mobile operator to offer the iPhone, said profit doubled in the latest quarter as its cellular business continued to expand.

Net profit was ¥43.37 billion during the July-September period, up from ¥21.75 billion a year earlier, the company said Thursday. Revenue was nearly unchanged at ¥682.9 billion versus ¥681.7 billion.

Softbank said profit increased even as sales held steady because of falling costs as its mobile operations became a bigger part of its overall business. Softbank paid less to access the networks of other carriers and its per-unit costs for phones dropped as overall shipments increased.

Softbank, which also runs major Web properties, including Yahoo Japan and a large stock-trading site, said lower online sales also meant lower expenses.


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