NTT DoCoMo has reported a loss for its second half and only just broke even for the full year after accounting for the decline in its overseas investments.
DoCoMo’s loss came out at $800 million for the six months to March 31, in the same period last year it posted a $1.15 billion profit. Second-half sales rose from $19.2 billion last year to $19.9 billion.
Full-year net income fell to $6.7 million compared to $2.84 billion in the previous year. Sales for the year hit a record $40 billion, as the world’s largest mobile operator added 4.8 million new users.
DoCoMo is to gain full control of eight regional units in Japan by means of a share swap. To achieve this, it will buy back around one million of its outstanding shares, which could cost up to $3.88 billion.