Softbank's 9-month profit jumps nearly 77%

(Telecompaper) Japanese communications provider Softbank saw its net sales reach JPY 6.58 trillion for the nine months ended 31 December 2016, which represents a slight decline of 0.3 percent year-on-year. Growth in its home market was offset by the impact of the stronger yen on foreign revenues. Adjusted EBITDA rose 9 percent to JPY 1.99 trillion, and net income jumped 76.9 percent to JPY 903.9 billion for the 9-month period, helped by the takeover of ARM and better results at Sprint.