NTT has posted a 12 percent drop in profits, which the company largely attributed to sluggish sales at its mobile phone subsidiary NTT DoCoMo as well as slow sales at its fixed-line subsidiary. NTT posted a net profit of $2.48 billion in the first half of the year, ending September 30. DoCoMo's weaker operating profit in the first half was partially due to increased costs of enhancing services and lowering call charges to compete with rival carriers.
For more on NTT's slump:
- see this WSJ article (sub. req.)
- also check out its dismal financial results from May