Silke
16.01.2001, 09:58
....aber sieht künftig dann auch erstmal eine Verlangsamung aufgrund der wirtschaftl. Gegebenheiten.
Mal schaun ob sich dies evtl. Heut auf Amiland auswirkt!
Tuesday January 16, 3:37 am Eastern Time
Yahoo Japan posts strong Q3 profit
(UPDATE: Adds foreign exchange conversion rate)
By Eriko Amaha
TOKYO, Jan 16 (Reuters) - Yahoo Japan Corp, Japan's dominant Internet portal, said on Tuesday pre-tax profit more than doubled in the three months to December, helped by strong advertising revenues, but it cautioned that growth could soon slow.
The Japanese-language Internet company, which is 32 percent owned by U.S. counterpart Yahoo! Inc (NasdaqNM:YHOO - news), said pretax profit rose to 1.49 billion yen ($12.51 million) from 584 million yen a year ago, on a more than doubling in sales to 371 billion yen.
Expectations of a strong result drove Yahoo Japan's shares up 19.61 percent to 6.1 million yen on Tuesday. The results, announced minutes before the close of trading, were broadly in-line with analysts forecasts.
Yahoo Japan said growth in its online advertising revenues, which account for nearly all or 94.6 percent of its total sales, may temporarily slow after swelling to 3.5 billion yen in the third quarter, from 1.52 billion yen a year ago.
It blamed the slowdown on a slackening in the U.S. and Japanese economies which in turn is causing companies to tighten spending on advertising.
``The growth of Internet advertising market may slow down temporarily as the U.S. and Japanese economies are pulling back and corporations are cutting back their spending on ads,'' it said in a statement.
CITES POSITIVE FUNDAMENTALS
But Yahoo Japan, which is 51 percent owned by Japanese Internet investor Softbank Corp , said its fundamentals were good and online advertising was expected to expand in the long term.
``It seems there have been concerns in the market about our earnings, and I hope these results allay those fears,'' said Masahiro Inoue, Yahoo Japan president and chief executive. ``In the future I'll do all I can to increase our performance.''
Nobumasa Morimoto, an Internet analyst at Tokyo-Mitsubishi Securities, said Japan's advertising market still had room to grow, but whether Yahoo Japan could continue to benefit from that growth was unclear.
``It's possible that Yahoo could lose market share if it doesn't have the right strategy,'' Morimoto said.
The caution about an online advertising slowdown first came from its U.S. counterpart Yahoo! Inc, which warned late last week that revenues for 2001 would fall below projections.
That announcement knocked shares in Yahoo Japan down as low as 4.76 million yen on January 11 -- its first move below five million yen since a stock split in November.
Mal schaun ob sich dies evtl. Heut auf Amiland auswirkt!
Tuesday January 16, 3:37 am Eastern Time
Yahoo Japan posts strong Q3 profit
(UPDATE: Adds foreign exchange conversion rate)
By Eriko Amaha
TOKYO, Jan 16 (Reuters) - Yahoo Japan Corp, Japan's dominant Internet portal, said on Tuesday pre-tax profit more than doubled in the three months to December, helped by strong advertising revenues, but it cautioned that growth could soon slow.
The Japanese-language Internet company, which is 32 percent owned by U.S. counterpart Yahoo! Inc (NasdaqNM:YHOO - news), said pretax profit rose to 1.49 billion yen ($12.51 million) from 584 million yen a year ago, on a more than doubling in sales to 371 billion yen.
Expectations of a strong result drove Yahoo Japan's shares up 19.61 percent to 6.1 million yen on Tuesday. The results, announced minutes before the close of trading, were broadly in-line with analysts forecasts.
Yahoo Japan said growth in its online advertising revenues, which account for nearly all or 94.6 percent of its total sales, may temporarily slow after swelling to 3.5 billion yen in the third quarter, from 1.52 billion yen a year ago.
It blamed the slowdown on a slackening in the U.S. and Japanese economies which in turn is causing companies to tighten spending on advertising.
``The growth of Internet advertising market may slow down temporarily as the U.S. and Japanese economies are pulling back and corporations are cutting back their spending on ads,'' it said in a statement.
CITES POSITIVE FUNDAMENTALS
But Yahoo Japan, which is 51 percent owned by Japanese Internet investor Softbank Corp , said its fundamentals were good and online advertising was expected to expand in the long term.
``It seems there have been concerns in the market about our earnings, and I hope these results allay those fears,'' said Masahiro Inoue, Yahoo Japan president and chief executive. ``In the future I'll do all I can to increase our performance.''
Nobumasa Morimoto, an Internet analyst at Tokyo-Mitsubishi Securities, said Japan's advertising market still had room to grow, but whether Yahoo Japan could continue to benefit from that growth was unclear.
``It's possible that Yahoo could lose market share if it doesn't have the right strategy,'' Morimoto said.
The caution about an online advertising slowdown first came from its U.S. counterpart Yahoo! Inc, which warned late last week that revenues for 2001 would fall below projections.
That announcement knocked shares in Yahoo Japan down as low as 4.76 million yen on January 11 -- its first move below five million yen since a stock split in November.