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Companies

SoftBank to book $3.2bn profit for trademark use

Mobile carrier unit gains indefinite usage rights as it prepares for IPO

SoftBank Group provides cellular service and broadband internet through mobile unit SoftBank Corp.   © Reuters

TOKYO -- SoftBank Group will book the 350 billion yen ($3.2 billion) in brand usage fees received from its mobile subsidiary as an extraordinary profit for the year ended March 31, the parent said on Thursday.

The impact on consolidated earnings will likely be limited, since this is an internal transaction.

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