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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, April 30, 2009

Softbank Forecasts Growth

Softbank of Japan said it expects revenues, operating income and cash flow to grow in the year to March 31, 2010 despite a 4% decline in revenues in the previous year to 2.67 trillion Japanese yen (27.19 billion US dollars). Net sales in Softbank's mobile communications division fell by 4% to 1.56 trillion yen dragged down by a fall in handset sales.

Softbank said it expects capital spending of 220 billion yen in the year to March 31, 2010 compared with 259 billion yen the previous year. source: Softbank statement

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