Japan’s mobile market leader by subscribers NTT DoCoMo recorded net profit for the nine months to the end of December 2008 of JPY437.7 billion (USD4.86 billion), up 16% from a year earlier, whilst operating income rose 19% year-on-year to JPY746.8 billion, despite revenues falling 4% to JPY3.38 trillion. The bottom-line improvement was partly attributed to handset sales and reduced churn. As of 31 December, the company had 54.16 million subscribers, up 220,000 from three months earlier. DoCoMo maintained its forecast for its fiscal year ending March, with a predicted net income of JPY495 billion, operating profit of JPY830 billion and JPY4.6 trillion in total sales.
DoCoMo also announced that it will terminate its 2G ‘Mova’ mobile service on 31 March 2012. At the end of 2008, around 88% of its total subscribers were on its 3G network. The remaining 6.7 million will be offered incentives to transfer from the legacy PDC (Personal Digital Communications) platform to W-CDMA/HSPA technology.