Yahoo reviews Japanese business after poor quarter

Yahoo chief executive Marissa Mayer has outlined plans to explore options for the company’s stake in its Japanese division as another report showed disappointing sales and profit.

The company has hired advisers to consider opportunities to maximise value for its stake of about 35% in Yahoo Japan, valued at more than $8 billion (€7.46bn), Mayer said on Tuesday. Earlier, the company said first-quarter sales fell 4% to $1.04bn, and gave a lacklustre forecast for the current period.

Since taking the helm in 2012, Mayer has struggled to add users and woo advertisers by focusing on mobile, adding online channels and signing partners.