Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
In the fiscal year ended March 31, 2015, consolidated operating revenues increased 5.5% year on year, to ¥4,573.1 billion, KDDI said in a release.
Consolidated operating income was up 11.8%, to ¥741.3 billion, mainly due to the contribution of a steady rise in mobile communications revenues and the saving of au sales commissions in the Personal Services segment, which absorbed preliminary costs for the growth of au WALLET and other services and the increase in other costs.
For the fiscal year ending March 31, 2016, the Company projects an operating income of ¥820 billion, based on the International Financial Reporting Standards (IFRS) voluntarily adopted from this fiscal year. We continue to focus on our mid-term management goal, which extends from the fiscal year ended March 31, 2014 to the fiscal year ending March 31, 2016, to achieve “double-digit growth in operating income for three consecutive years.”
Further, we plan to raise dividends per share up 30.8%, to ¥170 for the fiscal year ended March 31, 2015 (for the 13th consecutive year), and to ¥65  for the fiscal year ending March 31, 2016. The Company shall continue to enhance shareholder returns.