TOKYO -- With more of Japan staying and working at home amid the coronavirus outbreak, mobile carrier NTT Docomo's plan to offset rate cuts by boosting subscriptions to high-volume data plans has run aground.
Docomo announced this week that its operating profit for the year ended March dropped for the first time in five years, by 16% to 854.6 billion yen ($8.02 billion). Much of the decline came from offering plans that are up to 40% cheaper in response to the government's push for lower mobile rates.
