Mobile Users Push SoftBank Profit
Japanese telco SoftBank Corp saw its operating profit for Q1 ended June rise four percent as the number of mobile users grew.
The company’s operating profit was 268.9 billion yen in Q1 as the number of smartphone subscribers rose 372,000 from three months earlier.
SoftBank plans have been targeting heavy data users and it appears the strategy is paying off.
The telco maintained its full-year operating profit forecast at 890 billion yen, up nine percent from the previous year.
SoftBank Corp has hiked its stake in Yahoo Japan and turned the Internet company into a subsidiary to drive growth outside its wireless business.
The telco’s outline for expansion includes a platform for autonomous driving with Toyota Motor.