Japan's SoftBank Corp on Wednesday forecast its operating profit would fall by about 8 percent this financial year from last year's record high as it loses one-off benefits from the consolidation of some of its units. The company is still reaping gains, however, from its domestic mobile phone business and investments including its holding in Chinese e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N).Japan's third-largest mobile operator said it expected 1 trillion yen ($9.85 billion) in operating profit in the year to March 2015, slightly below analysts projections of 1.09 trillion yen and below the 1.09 trillion yen operating profit it posted for the 2013/14 financial year ended on March 31.The 2013/14 profit slightly exceeded expectations of 1.07 trillion yen, the average of 14 analysts' estimates according to Thomson Reuters Starmine. It also surpassed profits at Japan's biggest mobile carrier NTT DoCoMo for the first time.SoftBank said its holding in Alibaba, which is planning a U.S. listing, added 66.78 billion yen to its pretax profit. The company said on Wednesday it had no plans to sell part of its stake in Alibaba in the upcoming initial public offering. ($1 = 101.5550 Japanese Yen)
NTT DOCOMO, INC. is a Japan-base company mainly engaged in the mobile communication business. Shares of DCM fell by 0.19% or $-0.03/share to $16.10. In the past year, the shares have traded as low as $14.58 and as high as $16.86. On average, 259282 shares of DCM exchange hands on a given day and today's volume is recorded at 168200.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.26% or $0.09/share to $35.36. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 869666 shares of TRI exchange hands on a given day and today's volume is recorded at 1088210.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.59% or $-0.23/share to $38.46. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 929705 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 611236.
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