Friday October 30, 8:41 PM
Japan NTT DoCoMo half-year profit dips 17.9%
Japan's top mobile operator NTT DoCoMo Inc. on Friday said its net profit for the year's first half dropped 17.9 percent year-on-year as revenues shrank amid fierce competition.
Net profit fell to 284.72 billion yen (3.13 billion dollars) for the six months to September, said NTT DoCoMo, which pioneered third-generation cellphones but has seen aggressive rivals chip away at its lead.
Operating profit sank 15.9 percent to 485.22 billion yen amid a decline in sales, it said in a statement.
Overall revenue dropped by 5.4 percent to 2.15 trillion yen, reflecting the spread of new discount programmes by other operators.
DoCoMo, part of the Nippon Telegraph and Telephone group, expects revenue to slip further in the current year.
It revised down its sales forecast for the full year to March to 4.28 trillion yen from 4.38 trillion yen in the previous forecast, citing a further fall in sales of handsets.
It kept unchanged the forecast for profits, expecting an operating profit of 830 billion yen and net profit of 493 billion yen for the year.
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