TOKYO — Japan's biggest mobile phone carrier NTT DoCoMo on Friday cut its full-year profit forecast and said quarterly net profit was down 13 percent owing to rising infrastructure costs.
For the fiscal year through March, DoCoMo cut its earnings forecast to a net profit of 507 billion yen ($6.34 billion), from its previous target of 557 billion yen.
The company also said it booked a net profit of 121.6 billion yen in the three months to September, down from 140.3 billion yen in the same quarter last year.
Revenue in the latest quarter rose 6.5 percent to 1.13 trillion yen.
Sales of handsets and data sharing services rose but the cost of its mobile phones also increased while the firm had to spend more investing in infrastructure, DoCoMo said.
DoCoMo, which has more than 60 million subscribers, is locked in a fierce competition with KDDI and Softbank, both of which offer Apple's iPhone 5.
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