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Article: Yahoo Japan sets new highs in FY 2005 revenue, net profit.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- April 20, 2006
CopyrightCOPYRIGHT 2006 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 Thursday it set new highs in both group operating revenues and net profit in fiscal 2005 thanks to increased advertising and other income stemming from expanding use of the Internet.
The leading Internet service company booked a net profit of 47.09 billion yen in the year to March 31, up 28.9 percent from the previous year, on a 47.5 percent rise in operating revenues to 173.70 billion yen.
Yahoo Japan's Net advertising revenues saw an all-time high of 68.4 billion yen, up 75.7 percent, at a time when newspapers and other conventional media are struggling to secure advertisements.
Pretax profit grew 32.5 ...