SoftBank Posts Upbeat Operating Profit

reported a 9 percent drop in its operating profit for the year ended March 31. SoftBank's operating profit slipped to 982.7 billion yen ($8.2 billion) in the year. The company had expected an operating profit of 900 billion yen. However, analysts were projecting a profit of 980.87 billion. Its sales rose 30 percent to 8.67 trillion yen, while net profit climbed 28 percent to 668 billion yen. SoftBank did not issue an outlook for the current fiscal year. Softbank shares fell 0.36 percent to close at $62.06 on Friday.