Japanese telecommunications group NTT posted a net profit of JPY 524.1 billion for the fiscal year ended 31 March, up 12.1 percent from JPY 467.7 billion in FY 2011. The profit misses the guidance of JPY 530 billion. Revenues went up 1.8 percent to JPY 10.70 trillion from JPY 10.51 trillion, lower than the forecast of JPY 10.81 trillion. However, operating income fell 1.7 percent to JPY 1.20 trillion due to a decrease in operating income from the mobile communications business partially offset by increases in operating income in the data communications business and long distance and international communications business. In FY 2013, NTT expects revenues of JPY 11.0 trillion, up 2.8 percent, while net income is expected to grow by 11.6 percent to JPY 585.0 billion.
The regional communications business (NTT East and West) saw a decrease in revenues, mainly due to a drop in voice revenues but operating income rose slightly on cost efficiencies. NTT Data's revenues and operating income went up due to an increase in the number of consolidated subsidiaries. Mobile unit NTT Docomo saw revenues increase on higher handset sales and and new areas of revenues, but operating income decreased. At NTT Communications, operating revenues continued to fall but operating income reose on cost reductions.
NTT group ended the period with 17.30 million customers for its fibre optic service called Flet's Hikari after adding 740,000 new subscribers in the year. The company aims to attract 1 million new subscribers this year. The company also had 15.17 million Hikari Denwa customers after adding 1.27 million new customers for the optical IP telephone service and the ADSL customer base continued to contract to 1.85 million. The company's mobile unit, NTT Docomo, ended the quarter with 61.54 million subscribers, which includes 11.57 million Xi (LTE) customers. NTT also had 4.19 million TV subscribers, comprising 3 mil
