New Street: Quick Hit: DOCOMO Q1 FY20: Very strong, profit guidance well ahead, dividend raised
DOCOMO has released a surprisingly strong set of Q1 figures, which show a similar pattern to KDDI: overall revenues are weak (-5.3% YoY), driven by handset sales (-46%) rather than service revenues (-0.8%) which have not been impacted by Rakuten’s launch.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.
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