SoftBank’s Fiscal 2018 Result Below Expectations; FVE Decreased to JPY 11,500
Softbank’s underlying fiscal 2017 (quarter ending March 2018) result was below expectations with the domestic telecom business reporting a slight increase in revenue but an operating profit decline of 5.1%, dampening underlying group operating profit which declined 2.5% year over year (ex-SoftBank Vision Fund). The reductions in the operating profit from ARM and the domestic telecom business were the main drivers of the consolidated operating profit decline and Rakuten’s potential entry into the...
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