The Associated Press
KDDI Corp. said Friday profit climbed 44 percent in the April-June quarter on rising sales and forecast overall earnings to slide this year due to a weak fixed-line business.
Net income jumped to 75.65 billion yen in the three months to June 30, the company’s first quarter, from 52.59 billion yen a year earlier, the Tokyo-based company said in a release.
Sales rose to 798.40 billion yen in the period, from 714.27 billion yen.
Fixed-line operations continued to be a drag on earnings in the quarter, with the division posting a net loss of 4.1 billion yen, compared with a net loss of 4.9 billion yen a year earlier. Mobile operations, by contrast, posted a 35 percent gain in net income to 77.9 billion yen, from 57.7 billion yen.
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.