Following number portability in Japan on October 24, 2006, competition in the market has heated up, causing incumbent NTT DoCoMo to see net profits tank 28 percent in the third quarter. DoCoMo's net income fell to $772 million in the quarter year-on-year, but the comparable figure last year included a ¥40 billion boost from the sale of KPN Mobile shares. Sales rose 0.4 percent to ¥1.21 trillion and operating profit rose 18 percent to ¥160 billion. DoCoMo plans to offer the slimmest W-CDMA phone on the market, improve its FOMA 3G network and develop its video and music content offerings.
For more on DoCoMo's weak Q3:
- read this WSJ article (sub. req.)