MIXED BAG: President of Japan's mobile communication giant SoftBank, Masayoshi Son, speaking to the media to announce the company's third quarter financial results (ending December) in Tokyo on Feb 10. SoftBank said its April-December net profit rose 15.9% to a record high but gains were eroded by restructuring at US wireless carrier Sprint.
TOKYO: Japan’s SoftBank said nine-month net profit rose 15.9% to a record high, boosted by its huge stake in Chinese e-commerce giant Alibaba, which listed in New York last year.
Net profit for April-December came in at 579.4bil yen (RM17.37bil), although it said gains were eroded by restructuring at newly acquired US wireless carrier Sprint.
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