Softbank's profit jumps 32%, helped by iPhone exclusivity

28 Oct 2010

Japan’s third largest mobile operator by subscribers Softbank has posted a 32% year-on-year rise in consolidated fiscal second-quarter net profit to JPY57.4 billion (USD702 million), helped by continuing strong sales of smartphones including Apple’s iPhone, which is currently exclusive in Japan to Softbank’s network. The full-service operator’s results were also helped by mobile data ARPU climbing 15% y-o-y in the July-September quarter to JPY2,290. In the first six months of Softbank’s fiscal year, net income rose 9% to JPY76.8 billion, on revenues that climbed to JPY1.47 trillion from JPY1.35 trillion a year earlier. The cellco added 901,000 new subscribers in the six months to the end of September 2010.

Japan, SoftBank Corp, SoftBank Group Corp