KDDI Tops 1-T.-Yen in Annual Profit as Rivals Also Fare Well

Economy

Tokyo, May 16 (Jiji Press)--Three major Japanese mobile phone carriers enjoyed rises in their operating profits and sales in the year that ended in March, with KDDI Corp.'s <9433> profit exceeding one trillion yen for the first time, according to their latest earnings reports.

KDDI, the provider of "au"-brand mobile services, performed strongly in financial and other non-telecommunications operations, although revenues from its mainstay mobile business declined.

Meanwhile, NTT Docomo Inc. <9437> and Softbank Corp. <9434> saw growth in the numbers of subscribers to their smartphone and optical communications services.

On Wednesday, KDDI reported a consolidated operating profit of 1,013,729 million yen for the last business year, up 5.3 pct from the preceding year.

Its net profit rose 7.9 pct to a record 617,669 million yen as overall sales increased 0.8 pct to 5,080,353 million yen, also hitting a record high.

[Copyright The Jiji Press, Ltd.]

Jiji Press