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Japan’s Big Three cellcos, NTT DoCoMo, KDDI, and Vodafone, released their Oct-Dec 2004 quarterly financials in the past fortnight, and there’s a lot of information to be digested. If the endless listings of multi-billion-yen profits bore you, then it might be interesting to take a look at some of the new technologies, service models, and data tariffs that were announced along with the financial results.
DoCoMo’s figures were for the 9 months (1 March – 31 December) of the fiscal year (Mar 2004-Mar 2005) to date, and revenues and earnings were weak. The company reported total operating revenues of 3,643.1 bn yen, 4.8 percent below last year’s 3,828.3 bn yen, and net earnings (before taxes and other non-operating costs) of 1,304.0 bn yen, a drop of 6.7 percent YoY (year-on-year).
KDDI, on the other hand, has seen growing revenues. The company said it gained 2,846.1 bn yen in operating revenue, 4.3 percent above last year’s 31 December figure, and net earnings of 522.2 bn yen (consolidated for both the au and Tu-Ka operating units). The company also booked an extraordinary gain of 27.7 bn yen through the sale of its PHS carrier, DDI Pocket. Operating revenue at the au CDMA 2000 3G unit jumped by 15.5 percent and operating income was up by 12.9 percent, YoY.
Vodafone reported a consolidated operating revenue for the 9-month period ending 31 December 2004 of 1,102.8 bn yen, a painful 14.4 percent decline YoY, due mainly to the exclusion (i.e. sale) of the fixed-line telecommunication business in 2H2003. Accordingly, total revenue for the mobile business declined by 3.4 percent YoY. Perhaps somewhat optimistically, Vodafone said that the full-year forecast for fiscal 2004 (ending in March 2005) remained unchanged. Time will tell.
Here, in no particular order, is a brief review of what WWJ thinks are the most notable revelations.
– Daniel Scuka
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we been been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!