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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (1274)	7/17/1998 6:54:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 3902

Yahoo Japan reports hefty rise in Apr-June profit TOKYO, July 17 (Reuters) - Internet media firm Yahoo Japan Corp (4689.Q) said on Friday robust advertising sales had raised its first quarter 1998/99 profits nearly 90 percent against the same period a year earlier. The company's parent sales in April-June rose 53.1 percent from the same period a year ago to 344.6 million yen, while its parent current profits jumped 89.6 percent to 32.3 million yen, Yahoo Japan said in a statement. Yahoo Japan is 60 percent owned by Softbank Corp (9984.T) and 40 percent by Yahoo! IncYHOO.Oof the United States. The number of firms using Yahoo Japan's Internet sites to advertise averaged 77 per month in April-June, up 20 from the same quarter a year ago, the statement said. The company said revenue from editing an Internet-related magazine issued by Softbank increased by 54.1 percent year-on-year to 69.9 million yen. Monthly circulation of the magazine, titled Yahoo! Internet Guide, was over 100,000 in the three-month period. Yahoo Japan's page views on June 2 exceeded 10 million for the first time since its launch in April, 1996, the statement said.