DoCoMo Reports FYE 2006 Earnings
Market leader NTT DoCoMo has just released their accounting for the fiscal year ending 2006. Net income dropped to 457.3 billion yen ($3.8 billion) in the 12 months to 31 March, from 610.5 billion yen a year earlier, when earnings included a 102 billion gain from share sales of Hutchison 3G UK Holdings Ltd. and KPN Mobile. While sales climbed 0.5 percent to 4.79 trillion yen annual profit was down YoY by 25 percent based on increased handset subsidies and 3G network upgrade costs. DoCoMo also noted that ARPU in the fourth quarter fell to 6,530 yen from 6,720 yen a year earlier.