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NTT DoCoMo's CEO Discusses F2Q 2012 Results - Earnings Call Transcript

And also, if the impact from the loyalty point and handset repair system revision was excluded, it’s right here, if those are excluded which had an impact of ¥55 billion in reality. If those impacts were excluded, the second quarter operating income increased by ¥32 billion according to our view compared to the last fiscal year.

In the second quarter of last fiscal year, we reviewed our point program and also the handset repair system by optimizing the period in which we offer the repair service. As a consequence, we were able to reduce the allowances by ¥55 billion in the second quarter of last fiscal year.

So, I want you to understand that in order for us to precisely understand the business trends, whether it is going upwards or downwards, in order to have a correct understanding on the major trends, I think it is much better for us to exclude this ¥55 billion impact and compile the results without that impact because that more accurately reflects the current situation. And when that impact is excluded, we believe the second quarter operating income effectively posted an increase. And I think this growth trend is expected to continue in the third and fourth quarters.

So, in light of these first half results, we have decided to make an upward revision to the full-year forecast, specifically, operating revenues was revised upwards by ¥10 billion, and it is expected to reach ¥4,240 trillion for the full year. Operating income expected to reach ¥870 billion, up ¥20 billion compared to the initial plan. And our smartphone sales is expected to reach 8.5 million units, up 2.5 million units compared to the initial plan. And packet ARPU is expected to reach ¥170 – is expected to record a ¥170 increase year-on-year, up ¥30 compared to the initial plan, excluding the impact of the monthly support discount.

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