KDDI posts record profit of JPY68.2bn

30 Jul 2013

KDDI, Japan’s second largest full-service telco in terms of subscribers, has published its financial results for the first quarter of the fiscal year ending 31 March 2014 (FY2014), reporting revenues of JPY1.002 trillion (USD10.2 billion), a 16.3% increase year-on-year from JPY861.62 billion in fiscal 1Q13, mainly attributed to higher data revenues and the recent consolidation of its subsidiary Jupiter Telecommunications in its financial results. Net income increased by 32.9% to JPY68.18 billion from JPY51.29 billion reported in the year-ago period, while CAPEX for the three months under review reached JPY108.03 billion. KDDI’s reported EBITDA climbed to JPY304.99 billion, a 52.7% improvement y-o-y on the JPY199.67 billion reported in fiscal 1Q13.

In operational terms, the company reported 7.5% growth in its consolidated customer base, which reached 38.375 million users in fiscal 1Q14 up from 35.675 million reported one year earlier, while Fibre-to-the-home (FTTH) subscribers increased by 23.2% to 2.950 million, equivalent to 128,000 net additions in the same period.

Japan, J:COM (Jupiter Telecom), KDDI (au)