Soft­Bank full-year profit rises 13pc

New Straits Times - - Business / World -

TOKYO: Ja­pan’s Soft­Bank Group Corp re­ported a 13 per cent rise in full-year op­er­at­ing profit, ben­e­fit­ing from cost cuts and a rise in sub­scribers at its United States wire­less unit Sprint Corp. The In­ter­net and tele­coms gi­ant, which owns about 83 per cent of Sprint, said profit for the year ended in March in­creased to 1.026 tril­lion yen (RM39 bil­lion) from 908.9 bil­lion yen. Soft­Bank did not re­lease a fore­cast for the cur­rent busi­ness year, say­ing there were too many un­cer­tain fac­tors.

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