A cost focus is driving NTT DoCoMo's earnings and cash flow growth.
NTT DoCoMo’s fiscal 2016 (year ending March 2017) result was broadly in line with our expectations with operating revenue of JPY 4,585 billion up 1.3% year over year and operating profit of JPY 945 billion up 21% year over year. The operating income growth would have been around 10% excluding the impact of a change in depreciation accounting. The company has guided to fiscal 2017 operating revenue of JPY 4,750 billion and operating income of JPY 960 billion, which is lower than both our forecast...
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.
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