Yahoo Japan Corporation ( YAHOF.PK) F3Q10 (12/31/10) Earnings Conference Call January 25, 2011 2:30 AM EST Executives Masahiro Inoue – President and CEO Kentarou Kawabe – President and CEO, GyaO! Analysts Yoneshima – Barclays Securities Nema – Morgan Stanley Tomimatsu – Merrill Lynch Securities Araki – Mitsubishi UFJ, Morgan Stanley Securities Hayakawa – Credit Suisse Maruyama – Nomura Securities Vega [ph] – Mitsubishi Research Center PresentationUnidentified Company Speaker
Thank you very much for waiting. We would like to now start the meeting to announce the third quarter business results of the Yahoo Japan Corporation. In front of you, I think you have the [inaudible] as far as the presentation material and the trend of the profit and loss statement. And one announcement talks about the dividend. And also, in relation to BB Mobile Corporation, this is related to the sale of the preferred shares back to the SOFTBANK. And we also have a sheet of survey or questionnaire included in our package. We have about 30 minutes to make the presentation based upon the presentation material. I would like to ask Mr. Inoue to start. Masahiro Inoue Thank you very much for coming. First of all, about the third quarter highlights. This time, the research business and NewsWatch were sold, so they were excluded from the consolidated company. And because of that, the revenue came down. However, e-commerce and advertising, we have done very well in the third quarter. Revenues and income, both of them were at record high. The revenue was 75 billion Yen compared with the previous year was the increase of 5.8%. Operating income and ordinary income 41.1 billion Yen and 41.3 billion Yen respectively, 13% increase, 13.6% increase respectively. Quarter and net income was 24.7 billion Yen. That is an increase of 18.4% year-on-year.