DoCoMo posts quarterly declines; maintains full year guidance

30 Jul 2009

NTT DoCoMo has revealed that net income attributable to the company fell 15.1% year-on-year to JPY147.4 billion (USD1.6 billion) in ts fiscal first quarter ended 30 June 2009. Sales were also down, from JPY1.17 trillion to JPY1.08 trillion, while operating income came in at JPY251.8 billion, a 15% decline from last year. The cellco cited Japan’s maturing wireless market and intensifying competition as reasons behind the falls. DoCoMo did, however, leave its forecast for the year ending March 2010 unchanged: revenue is expected to reach JPY4.38 trillion with operating income of JPY830 billion.