Report
Dan Baker
EUR 101.80 For Business Accounts Only

NTT DoCoMo Forecasting Second-Half Recovery Following Slow First-Half Results

NTT DoCoMo’s second-quarter fiscal 2017 (quarter ending September 2017) result was slightly below our expectations on both earnings and customer additions, but we retain our forecasts, as cost-efficiency improvements should be second-half-loaded. Moreover, we still like the Japanese telecoms market as a stable 3-player market. NTT DoCoMo’s operating revenue of JPY 1,163 billion was down 1.4% year over year, and operating profit of JPY 270.5 billion was down 5.5% year over year. On a run-rate bas...
Underlying
NTT DoCoMo Inc.

NTT DOCOMO is a mobile telecommunications carrier. Co. has three operating segments. The telecommunications segment includes mobile phone services (LTE(Xi) services and FOMA services), optical-fiber broadband service, satellite mobile communications services, international services and the equipment sales related to these services. The smart life segment includes video and music distribution, electronic books and other services offered through DOCOMO's "dmarket" portal, as well as finance/payment services, shopping services and various other services. The others segment primarily includes "Mobile Device Protection Service," as well as development, sales and maintenance of IT systems.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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