Docomo Forecasts Jump in Profit as Subsidy Ban Cuts Costs
- Carrier to buy back as much as 193 billion yen in shares
- Outlook beats analyst consensus for annual net income
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NTT Docomo Inc., Japan’s largest mobile phone carrier, forecast the highest profit in a dozen years as it plans to add subscribers even as it damps spending on luring them by subsidizing handset purchases.
Net income will probably climb 17 percent to 640 billion yen ($5.9 billion) in the year ending March 2017, the company said in a statement Thursday. That compares with the 584 billion yen average of analyst estimates.