eAccess says first-quarter EBITDA, profit up to record levels

8 Aug 2011

Japanese fixed, broadband and mobile carrier eAccess Corp has reported strong results for its fiscal first-quarter ending 30 June 2011, with record EBITDA and net income – despite a small fall in revenue. The telco said consolidated EBITDA rose 3% year-on-year to JPY15.7 billion (USD200.8 illion) from JPY15.3 billion, with an EBITDA margin at 33% from 31%, while net profit surged by 70% to JPY3.2 billion from JPY1.9 billion in the year-earlier period. Revenues declined 3% however from JPY49.0 billion to JPY47.6 billion, buoyed by the group’s mobile division which increased 4% to JPY35.5 billion, to help offset a 19% fall at its fixed line business to JPY12.1 billion. The group’s cellular unit eMobile added 223,000 subscribers in the three months under review, for an end-June total of 3.341 million – up 32% from the year before. Meanwhile, the number of ADSL customers dipped to 1.839 million, it said. Going forward, eAccess expects its mobile base to top 3.850 million in its full-year to 31 March 2012, although it claims it will need 900MHz and 1.7GHz spectrum to continue promoting its primary service strategies. To that end, it is looking to secure spectrum equivalent to its three Japanese rivals – and has plans for a rapid expansion of LTE on a nationwide scale.