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Article: Yahoo Japan's FY 2004 revenue, net profit rise to records.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- April 20, 2005
CopyrightCOPYRIGHT 2005 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr. 20--TOKYO -- Yahoo Japan Corp. said Wednesday both its group operating revenue and net profit rose to all-time highs in fiscal 2004 due partly to larger advertising revenue and a popular Net auction business.
The revenue soared 55.4 percent to a record 117.78 billion yen, with net profit coming to a record 36.52 billion yen, up 47.1 percent, according to the Internet portal's earnings report for the year to March 31.
Pretax profit rose 46.0 percent to 60.30 billion yen.
"The dissemination of broadband services helped industry-wide expenditures on Internet-based advertising soar 53.3 percent in 2004 from the previous year to 181.4 billion ...