DoCoMo’s third-quarter profit flat at USD1.62bn

28 Jan 2011

NTT DoCoMo has released its latest set of financial results for its fiscal third quarter ended 31 December 2010. Japan’s largest mobile carrier by subscribers booked net income of JPY134.2 billion (USD1.62 billion), compared with JPY134.6 billion in the corresponding period of 2009, but has revealed a new payment scheme designed to entice more users to buy one of its smartphones. The cellco has almost doubled its annual sales target for smartphones and tablet computers, citing demand for models running Google’s Android operating system software. DoCoMo aims to sell 2.5 million mobile devices that can surf the internet, play music and run applications, compared with the 1.3 million forecast in October last year. The Tokyo-based company said it sold 1.26 million in the nine months to 31 December 2010. The cellco reported operating profit for the quarter climbed 4.4% year-on-year from JPY217.4 billion to JPY227.0 billion on falling revenue – down 2.3% JPY1.071 trillion from JPY1.097 trillion previously.

Nine-month net income attributable to the operator however, increased to JPY443.98 billion from JPY419.35 billion in fiscal third-quarter 2009/10, on nine-month revenue of JPY3.210 trillion (from JPY3.240 trillion). For the fiscal year ending 31 March 2011, DoCoMo continues to forecast a net profit of JPY497 billion, operating profit of JPY840 billion and revenue of JPY4.209 trillion.