Flat sales and increased expenses hit J:COM Q1 results

25 Apr 2012

The Japanese cable TV operator Jupiter Telecommunications (J:COM) has reported a 10.4% drop in operating profit for the three months to 31 March 2012 to JPY18.48 billion (USD228 million). Programming and operating costs rose by 7.7% to JPY35.72 billion, while selling, general and administrative expenses increased 2.9% year-on-year to JPY17.94 billion. Meanwhile, sales were up just 0.8% at JPY92.51 billion. The firm says that a partnership with shareholder KDDI, under which the two companies cross-market each others’ services in their respective retail outlets, is seeing results, with J:COM adding 33,000 subscribers in the January-March quarter to give it a total of 7.2 million revenue generating units (RGUs).

Japan, J:COM (Jupiter Telecom)