NTT DoCoMo released their financial results for the year ending 31 March earlier today, and the numbers are stellar. Despite operating revenues achieving “only” 4,844.6 bn yen, down a noticable 4% year on year, net income came in at 747.6 bn yen, up a strong 15% over last fiscal year. But the company foresees tough times ahead, predicting net income for the current fiscal year (ending 31 March 2006) to fall to 497 bn yen, a plunge of 33.5%.
President Nakamura pointed to a “business environment undergoing major change” due to flat-rate data tariffs and the looming start of number portability in the Japan market. Nonetheless, the company has expanded the terminal line-up, reduced churn and regained the No. 1 spot in monthly net adds, which had been taken by KDDI on the strength of their WIN super-fast, flat-rate data service. Not bad results for a potentially grim year.
The 50 page Report [.PDF] is HERE
– Daniel Scuka