ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Japan-Update

Japanese wireless carriers split on dividend plans

Docomo, KDDI keep raising payouts as SoftBank focuses on growth

TOKYO -- Japan's three big wireless carriers are of two minds on what to do with their steadily growing profits, with NTT Docomo and KDDI eyeing more generous shareholder returns while SoftBank Group builds up its war chest for acquisitions and other investments.

KDDI continued a 15-year streak of dividend hikes Thursday, raising its annual payout for fiscal 2016 by 15 yen per share (13 cents) to 85 yen. The company is planning a 5 yen increase for the fiscal year ending March 2018, for which it sees revenue growing 4% to 4.95 trillion yen and net profit rising 3% to 565 billion yen. The planned dividend payout ratio of 39.2% tops its 35% target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more