SoftBank's third quarter net profit of $265 million rose 41%

Beijing time February 2 afternoon news, according to foreign media reports, Japan's third largest mobile operator SoftBank released today's earnings show, benefiting from the increase in registered users and mobile subsidy, the company's third quarter net profit increased by 41%.　　In the third quarter of December 31 last year, SoftBank achieved net profit of 24.1 billion yen (about $265 million), up 41% from last year's 171 yen. SoftBank expects its operating profit to hit a record high in the fiscal year, thanks to increased user growth and strong sales of high-priced handsets and premium packages, as well as lower subsidy costs for the low-cost monthly handsets.　　SoftBank, the exclusive operator of Apple's iphone in Japan, faces competition from both the NTT Cocomo and KDDI, two companies that have launched new smartphone products and lower data costs. Soft silver in the third quarter to achieve operating profit (sales minus the cost of goods sales and management costs) 135.7 billion yen, an increase of 43% per cent, to achieve operating income of 696 billion yen, an increase of 6.5%.　　Analysts had expected SoftBank's third-quarter operating profit to be between 126.6 billion yen and 132.8 billion yen.　　SoftBank is expected to raise its capital expenditure forecast for the fiscal year from 142.8 billion trillion yen to 260 billion yen, as it needs to expand its coverage. In the past 11 quarters, SoftBank's new handset users have been higher than their rivals.　　The company's third-quarter mobile phone registered users a net increase of 350,300 people, NTT DoCoMo ranked second, a net increase of 249,500 people, KDDI net increase of 160,300 people. SoftBank is expected to maintain its operating profit for the entire fiscal year and is expected to achieve operating profit of 420 billion yen, an increase of 17% year-on-year. But the company did not give out sales and net profit forecasts. (Ding Macro)