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NTT DoCoMo:  2Q Results a Modest Beat with a Surprise Share Buyback

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Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/1089" target="_blank" data-smartkarma-citation="entities:1089:1">NTT Docomo (9437 JP)</a> posted 3Q results ahead of NSR and consensus forecasts, underscoring comments made in December that it was on track to beat FY17 guidance. The standout items in the quarter include a substantial beat in mobile service revenue (MSR) which grew 3% YoY (we expected flat), while margins were also better and YoY comps improved as DoCoMo lapped one-time network spending. A strong 3Q improves the chances of a meaningful beat to full-year numbers and should offset some of the…</p>

NTT Docomo (9437 JP) posted 3Q results ahead of NSR and consensus forecasts, underscoring comments made in December that it was on track to beat FY17 guidance. The standout items in the quarter include a substantial beat in mobile service revenue (MSR) which grew 3% YoY (we expected flat), while margins were also better and YoY comps improved as DoCoMo lapped one-time network spending. A strong 3Q improves the chances of a meaningful beat to full-year numbers and should offset some of the…

NTT DoCoMo 3Q17/18 Results Were Solid. No Comment (Yet) On Rakuten Entry

NTT Docomo Inc

NTT DoCoMo 3Q17/18 Results Were Solid. No Comment (Yet) On Rakuten Entry