NEWS15 November 2010

Macromill sees quarterly sales rise 62% after Yahoo deal

Asia Pacific Financials

JAPAN— Online research agency Macromill has reported sales up 62% to ¥2,848m ($34.5m) for the three months ending 30 September.

Operating income was up 48% to ¥568m ($6.9m) while net income grew 4% to ¥283m ($3.4m).

The results follow Macromill’s acquisition of Yahoo Japan’s market research business in August. The company also recently made its debut in the Honomichl global ranking of the top 25 research agencies.

Alongside the figures, Macromill announced it would be splitting its shares – turning each share into 200 shares – from 1 January to boost stock liquidity.