NTT Docomo grows nine-month net income 16%
Japanese mobile operator NTT Docomo reported revenues for the nine months to December of JPY 3.38 trillion, down 4.1 percent from JPY 3.52 trillion in the year-earlier period. Service revenues fell 8.8 percent to JPY 2.79 trillion. However, operating income rose 19.5 percent to JPY 746.8 billion, and net income totalled JPY 437.7 billion, up 16.3 percent from JPY 376.5 billion in year-ago period. Docomo ended December with 54.16 million subscribers, 87.7 percent of which are Foma subscribers. Churn in third quarter improved to 0.44 percent from 0.74 percent a year earlier, reflecting the effect of the new discount programmes and handset instalment plans. Blended ARPU was JPY 5,820 in the nine-month period, versus JPY 6,470 a year earlier. For the full year, Docomo maintained its forecast of JPY 4.59 trillion in revenues, operating income of JPY 830 billion, and a net income of JPY 495 billion.