DoCoMo releases FY2012 financial results

29 Apr 2013

Japanese mobile operator DoCoMo has published its financial results for FY2012 ending 31 March 2013, with reported growth in operating revenues of 5.4% to JPY4.47 trillion (USD45.68 billion). The company experienced a decrease in operating income of JPY37.3 billion, or 4.3% drop to JPY837.2 billion in the year-on-year comparison. However, net profit increased nearly 6.8% reaching JPY495.6 billion, compared to JPY463.9 billion in FY2011. During FY2012, DoCoMo has significantly expanded its smartphone and Xi LTE user base, with 13.29 million smartphones sold, doubled in 12 months, and 11.57 million total Xi subscriptions at end-March 2013, a 5.2-fold increase from 2.22 million LTE users recorded in FY2011. According to the telco’s forecasts, operating revenues in FY2013 will further grow to JPY4.64 trillion, with net profit estimated at JPY510 billion. FY2013 CAPEX is projected to decrease to JPY700 billion, as a result of more efficient utilisation, despite stepped-up LTE investments. The Japanese operator expects to sign a total of 25 million Xi LTE subscribers in FY2013, and aims to sell a further 2.71 million smartphones. The company also plans to double the number of LTE base stations to 50,000 one year ahead of original schedule, and accelerate rollout of high speed areas, with the number of 75Mbps compatible base stations to reach 6,800 and total of 100 cities to be offered network connections with 112.5Mbps downlink speed. DoCoMo has also announced its plans to introduce 150Mbps service ahead of competition to the Japanese population within FY2013.