• Kyodo News


Mobile phone operator KDDI Corp. said Thursday it posted a fall in operating revenue but a profit gain in the just-ended business year due largely to the introduction of a new business model.

In fiscal 2008, which ended in March, KDDI posted a net profit of ¥222.74 billion on a consolidated basis, up 2.3 percent over the previous year, and an operating profit of ¥443.21 billion, up 10.7 percent.

But operating revenues decreased 2.7 percent to ¥3.50 trillion, said the operator of the au brand cell phone service.

KDDI had some 30.84 million subscribers to the au service, or a 28.7 percent share of Japan’s cell phone service market, at the end of March. It sold 10.81 million handsets in fiscal 2008, down 32 percent from the previous year.

The carrier plans to pay a full-year dividend of ¥11,000 per share for fiscal 2008, up from the previous year’s ¥10,500 and including a yearend dividend of ¥5,500.

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