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Softbank profits surge on investments, telco business shows steady growth

2018-11-05 12:58:00| Telecompaper Headlines

(Telecompaper) Softbank reported another surge in net profit for its fiscal first half to September, with the result jumping 719 percent to JPY 840.1 billion from JPY 102.6 billion a year ago. The growth was driven by gains on its investment portfolio, while revenues rose a more modest 6 percent year-on-year to JPY 4.65 trillion. Operating profit was up 62 percent to JPY 1.42 trillion, supported by improvement at Sprint.

Tags: business shows growth investments

NTT Docomo forecasts drop in profit on planned price cuts, investments

2018-11-01 12:21:00| Telecompaper Headlines

(Telecompaper) Japanese operator NTT Docomo has forecast a drop in profit in the coming years as it moves to lower mobile plan prices following government pressure. Announcing a new medium-term strategy alongside its fiscal H1 results, the company said price cuts of 20-40 percent are planned from fiscal Q1 2019 as part of a simplification of its plans and handset costs, while it also invests in improving customer service and launching 5G later in 2019.

Tags: price drop profit planned