\tKDDI grew profit and revenue in the year to end-March despite a decline in mobile service revenue and handset sales, as its focus on commerce and payment services started to yield results.<\/p>\n
Net profit increased 7.9 per cent year-on-year to JPY618 billion ($5.6 billion). Operating revenue inched up 0.8 per cent to JPY5.08 trillion, with mobile turnover down 0.7 per cent to JPY1.77 trillion.<\/p>\n
MVNO revenue increased 82 per cent to JPY46.3 billion. Handset sales dipped 2.3 per cent to JPY942 billion.<\/p>\n
Life Design Services, which cover commerce and payments (au Wallet) along with a number of new initiatives, posted a near 11 per cent increase in revenue to JPY579 billion, while its Business Services segment increased 6.3 per cent to JPY797 billion.<\/p>\n
Mobile subscriptions rose by nearly 3 million to end March at 55.2 million.<\/p>\n
Not including discounts, ARPA rose 1.2 per cent to JPY5,860.<\/p>\n
Similar to rival NTT Docomo [1], KDDI said new mobile price plans make it easy for customers make selections based on their needs and will reduce fees by up to 40 per cent.<\/p>\n
For fiscal 2020 it forecasts revenue to increase 2.4 per sent to JPY5.2 trillion and net profit to hit JP620 billion.<\/p>\n
It announced plans to repurchase up to JPY150 billion of its own shares.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/docomo-cautious-on-future-after-mixed-results\/<\/p>\n","protected":false},"excerpt":{"rendered":"
KDDI grew profit and revenue in the year to end-March despite a decline in mobile …<\/p>\n
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