• SHARE

Japan Telecom Co. reported an unconsolidated pretax profit of 13.3 billion yen for the first half of fiscal 1999, compared with 2.2 billion yen for the same period last year, company officials said Thursday.

During the April-September period, the firm’s operating profit was 14.9 billion yen, compared with 3.2 billion yen a year earlier, and net profit rose 78.3 percent from the same period last year to 3 billion yen. Sales came to 190 billion yen, up 0.1 percent from the previous year.

The company attributed the increase to growth in the data transmission businesses and reduced operating costs, company officials said.

On a consolidated basis, the company posted a pretax profit of 20 billion yen, an operating profit of 14.8 billion yen and a net profit of 9.8 billion yen.

Meanwhile, Tokyo Telecommunication Network Co. posted an unconsolidated pretax loss of 2.3 billion yen for the first half of fiscal 1999, compared with a 336 million yen pretax loss a year earlier, company officials said Thursday.

The company’s sales rose 57.7 percent from a year before to 85.5 billion yen for the April-September period, but operating profit decreased 68.7 percent from the same period last year to 734 million yen. Its net loss was 1 billion yen, compared with 353 million yen the previous year.

Company officials said that operating costs for PHS services increased after the company absorbed Astel Tokyo Inc., which operated a personal handy phone system, in April.

NTT Data Corp., meanwhile, reported an unconsolidated pretax profit of 20.6 billion yen for the first half of fiscal 1999, up 59.1 percent from a year before, according to the firm’s mid-term earning report released Thursday.

For the April-September period, the firm posted a net loss of 1.9 billion yen, compared with 7.3 billion yen in net profit for the same period last year. Its sales stood at 305.9 billion yen, up 0.4 percent from the previous year.

Company officials blamed the net loss on a change in the firm’s accounting methods, pointing out that the company added software development costs to special loss from fiscal 1999.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW