Livedoor said a drop in revenue from Internet advertising and online securities trading led to the group net loss in the 12 months ended Sept. 30, compared with a net profit of ¥15.48 billion a year earlier.

That offset a 75.8 percent jump in group sales to ¥137.91 billion, largely on gains from newly acquired software company Yayoi Co. and mail order company Cecile Co, the company said Nov. 27.

Livedoor founder and former President Takafumi Horie, who shot to fame over his aggressive takeover tactics and flashy lifestyle, was arrested in January with four of his lieutenants over charges they manipulated stock sales and splits to inflate company earnings.

The Japan Times Weekly: Dec. 2, 2006
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