DoCoMo reports 13% fall in Q2 net income

26 Oct 2012

Japan’s largest mobile operator by subscribers, NTT DoCoMo, today published its results for its fiscal second-quarter to 30 September 2012, showing a 13% fall in net income, as increased operating expenses outweighed the positive impact of rising revenues from the sale and usage of mobile smartphones. Dow Jones Newswires reports that the carrier booked profits of JPY121.59 billion (USD1.52 billion ) in the July-September quarter, down from JPY140.27 billion in the corresponding period of 2011, and operating profit slipped 13% y-o-y to JPY208.48 billion from JPY240.79 billion. Revenue though, edged up 6.5% on an annualised basis to JPY1.135 trillion from JPY1.066 trillion, it said. In the wake of the financial results DoCoMo has revised its earning outlook for the year to 31 March 2013. It now forecasts group net profit of JPY507 billion, down from a previously forecast JPY557 billion, on revenues of JPY4.52 trillion – which is up from JPY4.45 trillion previously.

NTT DoCoMo closed out September 2012 with a total of 60.79 million mobile subscribers, although rivals KDDI Corp and Softbank Corp – which both offer the popular iPhone 5 in Japan – continue to eat into its market share. As at 30 September 2012 KDDI had a total of 36.11 million users, while Softbank Corp counted 30.46 million.