SoftBank Corp, which listed in December in Japan's largest ever IPO, reported profit of 84.5 billion yen for the fourth quarter ended March, versus 102.3 billion yen a year ago.That compared with a 93 billion yen average of three analyst estimates compiled by Refinitiv.
Japan's third-largest telco said it sees operating profit rising 24 percent to 890 billion yen in the current financial year. The forecast assumes Yahoo Japan becomes a consolidated subsidiary. SoftBank said on Wednesday it would up its stake in Yahoo Japan to 44.64 percent from 12.08 percent.Advertisement
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