Japanese telco Softbank Corp today reported it booked a net loss of JPY15.01 billion (USD154.9 million) for its fiscal fourth-quarter ended 31 March 2009, compared with a profit of JPY15.43 billion in the same period a year ago, as it absorbed the cost of redeeming convertible bonds ahead of schedule. Dow Jones Newswires notes that last month, the operator announced its intention to redeem JPY50 billion-worth of convertible bonds in response to investors’ requests to cash them in early. As a result of the move Softbank’s full-year net income was trimmed to JPY43.17 billion, down from JPY108.62 billion in FY2007/08, and well below the consensus forecast for the current year of JPY64.7 billion in a poll carried out by Thomson Reuters. Revenues for the January-March quarter reached JPY690.77 billion, down 3% from JPY717.40 billion a year ago, although operating profit climbed by around 33% to JPY84.43 billion as its mobile arm cut costs related to handset subsidies. FY2008/09 operating profit totalled JPY359.12 billion, it said.