KDDI Sees Sales Slipping

Cutting back on handset sales, Japanese operator KDDI forecast that its revenue will fall 0.5% to 3.48 trillion yen (35.39 billion US dollars) in the year to March 31, 2010, while operating income will rise 6% to 470 billion yen.

The Tokyo-based company, which plans to launch a LTE network in 2012, also estimated that capital spending will decline 6% to 540 billion yen in this financial year.

Operating revenues in KDDI's mobile business fell 5% to 2.72 trillion yen in the year to March 31, 2009. source: KDDI statement