KDDI quarterly profit falls 25%

KDDI Corp., Japan's second-biggest mobile-phone operator, said second-quarter profit fell 25 percent because of higher promotion costs and losses in the fixed-line business. Net income declined to ¥58.9 billion in the three months that ended Sept. 30, from ¥78.7 billion a year earlier, the Tokyo-based carrier said Friday. KDDI maintained its full year profit and sales forecasts. The carrier, which lagged behind rival NTT DoCoMo Inc. and Softbank Corp. in net user additions for the past six quarters, is raising promotional spending and introducing 20 new handsets starting next month to narrow the gap. KDDI also targets a smaller loss in its... [read full story]                    

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