Yahoo Japan Rolling in Yen

Yahoo Japan Corp., an affiliate of Softbank Corp., is making a killing.

Profits were up 20% over last year – 15.17 billion yen in the third quarter of 2006 to 12.65 billion yen in 2005.

Revenue, 40% from online ads, was 54.52 billion yen.

Yahoo Japan also offers:

1. job search

2. real estate operations

3. auction service (the largest in Japan)

The company is predicting about the same amount of profits in the last quarter of its fiscal year, which ends in March.

Happy Softbank which owns a 41% stake and equally delighted U.S. Yahoo owns a 33% stake of the company.

And me…sadly, I own nothing. Bummer.