eAccess says consolidated nine-month revenues up 109%

10 Feb 2011

Japanese broadband access provider and mobile operator eAccess has reported a 109% rise in revenues for the first nine months of its fiscal year ended 31 March 2011 to JPY131.87 billion (USD1.6 billion), up from JPY63.16 billion in the corresponding period of 2010, driven by eMobile’s performance. The wireless arm contributed revenues of JPY105.32 billion, to bolster network business sales of JPY30.50 billion and JPY4.32 billion from the group’s device business. Group EBITDA was up to JPY40.32 billion, compared to JPY21.23 billion in the year-earlier period, while consolidated net income jumped 49% to JPY4.77 billion from JPY3.21 billion previously. eMobile booked net profits of JPY640 million, reversing a loss of JPY13.47 billion in the first nine months of fiscal 2010/11 and mobile EBITDA surged to JPY28.07 billion from JPY9.37 billion previously.

eAccess closed out 31 December 2010 with a total of 4.95 million customers, broken down as 2.92 million mobile users and 2.02 million ADSL subscribers. The group said that ADSL average revenue per user (ARPU) for the period was JPY1,953 per month, down from JPY2,008 a year earlier and mobile ARPU was JPY3,100, down from JPY3,260. eAccess is forecasting full year revenues of JPY190 billion, EBITDA of JPY61 billion, and net income of JPY9 billion.