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Telecommunication

Japan mobile carriers' big profits ramp up pressure to cut rates

SoftBank, NTT Docomo and KDDI rake in $17bn to emerge as nation's top earners

Controlling 90% of the market, Japan's top three mobile carriers wield pricing power that allows them to earn out-sized profits.   © Reuters

TOKYO -- Japan's big three mobile carriers have become the country's most profitable public companies, a position that is likely to intensify demands on them to lower the rates they charge consumers.

SoftBank Corp., NTT Docomo and KDDI have reported more than 1.74 trillion yen ($16.6 billion) in combined operating profit for the first fiscal half ended September, up 6% from a year earlier.

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