Question-and-Answer Session
Unidentified Company Representative
Thank you very much. Now we would like to entertain your questions. Please, before you start a question, please identify your affiliation and your name. If you have a question, please raise your hand and we will put a microphone. We will take the gentleman in the front row please.
Hitoshi Hayakawa - Credit Suisse Securities
Hayakawa from Credit Suisse Securities. I have two questions. One, is about the discount that you announced today. Of course your business management may not work as a textbook, but I haven’t seen your market leader taking the lead in discounting the prices and that was followed by KDDI and now you are taking another counter measure against KDDI. So it seems that you are no longer advantageous in terms of your prices, and you are already equal to KDDI in terms of your prices. So perhaps only the consumers were the only gainers from this competition. So I don’t really understand fully why you are doing this. But what is the aim of DoCoMo for taking the lead in discounting the basic charges and what's the background against that and what are you trying to gain from this? And with Fami-Wari MAX 50 you have now ended up offering the same discount rate as KDDI. So in the future in order for you to shape up or gain more competitiveness, are you thinking of anything new approaches in the future.
And the second question, even if the irregular factors are not accounted for, you are still suffering a 20% reduction in operating income, and that could have some repercussions in the second half of this fiscal year. So maybe you may have to? I am actually concerned about your achieving your full year target. So, as investors invest in DoCoMo, with posting decrease in both revenues and profits, and you are still discounting the prices, what should the investors look for in order to justify their investment in DoCoMo? In that regard, I think dividends will become more important, increasingly important, and the repurchase program of your share buyback program, you only spent 72% of the budget. So perhaps it may make sense for you to take a more flexible approach in the dividends, and announce your dividend or numbers at an earlier stage than before. And also, so can you elaborate this from the perspective of the relationship between the dividend and share buyback?
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