J:COM posts healthy Q1 results, announces 2008 ‘growth strategy’

6 May 2008

Japanese multiservice operator (MSO) Jupiter Telecommunications (J:COM) has reported strong financial results for the three months ended 31 March 2008, with revenues up 12% year-on-year and pre-tax profits up 32%. The company said revenue climbed JPY7.82 billion (USD74.81 million) year-on-year to JPY71.49 billion, and income before taxes increased by JPY2.94 billion to JPY12.01 billion. Net income increased by 21% over the same period to JPY6.66 billion. J:COM has marked 2008 as ‘a year for reshaping its growth strategy in cable television services,’ adding the ‘J:Com Group continues to seek acquisitions and equity alliances with other cable television companies, as evidenced by the acquisition of a controlling interest in Kyoto Cable Communications, which became a consolidated subsidiary at the end of January 2008.’

Japan, J:COM (Jupiter Telecom)