After years of spectacular growth, NTT DoCoMo Inc. on Wednesday said group net profits in fiscal 2001 plunged 99.8 percent to 862 million yen due to losses on strategic foreign investments.
DoCoMo wrote off a record 812.8 billion yen in special losses, offsetting most of its record-high operating profits of 1 trillion yen.
In April, the company forecast a first ever net loss of 36 billion yen for the just-ended fiscal year.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.