DoCoMo's overseas stakes drag down profits. (By the Numbers).

RCR Wireless News, May, 2002

TOKYO--NTT DOCOMO Inc., the leading mobile carrier in Japan, announced its net income for the fiscal year ending March 31 was merely $6.2 million due to large special losses that DoCoMo posted from its overseas investments. DoCoMo posted a total of $6.3 billion in impairment losses from its investments in AT&T Wireless Services Inc., KPN Mobile, Taiwan's KG Telecommunications and Hutchison 3G U.K.

Regarding the next fiscal year, the carrier is expecting to have $8.1 billion in operating income, a 4.2-percent increase from the previous year, and $4 billion in net income. Keiji Tachikawa, president of NTT DoCoMo, said at the Tokyo press conference that the mobile telecommunications industry is at a turning point. "The core service has been...

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