KDDI reports falls in Q4 and FY net profits

26 Apr 2012

The Japanese telco KDDI Corp has announced a 16% drop in net profit for its fiscal fourth quarter to 31 March 2012 to JPY44.25 billion (USD543.9 million), down from JPY52.48 billion a year before. Operating profit for the quarter fell 6.4% to JPY93.42 billion on revenues which climbed 6.9% to JPY926.69 billion. The firm said the declines in the fourth quarter were partly due to a higher corporate tax burden compared with the previous year. Net income for the full year fell 6.5% from JPY255.12 billion in fiscal 2011 to JPY238.61 billion in fiscal 2012, though revenues were up 4% at JPY3.57 trillion and operating profit rose 1.2% to JPY477.65 billion.

In operational terms, KDDI claimed 35.11 million mobile subscribers at the end of March 2012, up from just under 33 million twelve months earlier, with the vast majority (33.54 million) on the firm’s high speed CDMA2000 1x EV-DO network. Its mobile WiMAX subsidiary UQ Communications claimed 2.27 million subscribers at the same date, up from 807,000. Mobile monthly average revenue per user (ARPU) declined in the year to 31 March 2012, from JPY4,940 to JPY4,510.

Japan, KDDI (au)