DoCoMo forecasts lower year end results

10 May 2004

NTT DoCoMo has warned that it is expecting its first ever drop in full year revenues, thanks to a combination of discounted tariff packages and the introduction of a fixed-rate data plan for its 3G network. Sales are expected to decline by 2.5% to JPY4.92 trillion, whilst operating profit for the full year is expected to fall by around 25% to JPY830 billion, as higher phone subsidies impact results.