KDDI, SoftBank post lower 1st-half profits
12:27 JST, November 10, 2022
TOKYO (Jiji Press)—KDDI Corp. and SoftBank Corp. posted declines in group operating profit for the fiscal first half that ended in September on the lingering impact of the introduction of lower-priced mobile plans as well as ballooning electricity costs. NTT Docomo Inc. was the only one that secured operating profit growth among three major Japanese wireless operators.
All three reported revenue growth thanks to the strength of mobile services for corporate clients and noncommunications operations, such as finance and cashless payment services. The introduction of low-cost mobile phone service plans pushed down operating profit at SoftBank by ¥49 billion.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING