3 Japanese Mobile Carriers Enjoy Higher Operating Profits
Tokyo, Feb. 5 (Jiji Press)--Three major Japanese mobile phone carriers--NTT Docomo Inc. <9437>, KDDI Corp. <9433> and Softbank Corp. <9434>--enjoyed year-on-year growth in their consolidated operating profits in April-December.
Softbank, Softbank Group Corp.'s <9984> mobile arm, saw its operating profit climb 18.5 pct to 634.9 billion yen, reflecting increased subscribers to smartphone and fiber-optic fixed line services.
Softbank was listed on the first section of the Tokyo Stock Exchange in December. "Smartphone is still a growth market. We will offer expanded services, including payments," said President and Chief Executive Officer Ken Miyauchi.
NTT Docomo's operating profit went up 5.4 pct to 902 billion yen, backed by growing subscribers to smartphone, fiber-optic line and tablet services.
The firm's net profit, however, dropped 12.9 pct to 607.5 billion yen after the year-before profit was boosted by compensation it received from India's Tata Group.
[Copyright The Jiji Press, Ltd.]