NTT Docomo, KDDI Log Lower Profits in April-June
Tokyo, Aug. 5 (Jiji Press)--Major Japanese mobile phone carriers NTT Docomo Inc. <9437> and KDDI Corp. <9433> saw their consolidated net profits drop in April-June while rival Softbank Corp.'s <9434> net profit rose in the fiscal first quarter.
NTT Docomo's net profit fell 11.9 pct from a year before to 192,307 million yen, squeezed by its discount pricing plans, including a new offer introduced in June that lowered telecommunication charges by up to 40 pct.
KDDI's net profit dropped 9.0 pct to 162,553 million yen. The company was hampered by increased sales promotion expenses, as it tried to entice customers into switching from flip phones to smartphones ahead of Rakuten Inc.'s <4755> launch of its mobile phone service in October.
Softbank's net profit grew 2.1 pct to 164,797 million yen thanks to the strength of smartphone, fiber-optic and other services to individual customers.
[Copyright The Jiji Press, Ltd.]