KDDI Corp. said Friday it expects its group net profit to rise 12.8 percent from the previous year to ¥240 billion as it aims to make its land-line business profitable.
The operator of the au brand mobile phone service, which competes with Softbank Mobile Corp. and NTT DoCoMo Inc., also said it expects to sell 10.6 million handsets in fiscal 2010, up from 10.2 million in fiscal 2009 ended in March.
For the year through March 2011, the company projected a group operating profit of ¥445 billion, up 0.3 percent, on operating revenue of ¥3.44 trillion, down 0.1 percent, on lower sales commission to retailers.
KDDI also anticipates a ¥3 billion impact on its pretax profit due to the acquisition of a more than 30 percent stake in Jupiter Telecommunications Co., a cable television operator better known as J:Com.