KDDI net income doubles to JPY163bn in 1H FY2014

28 Oct 2013

KDDI, Japan’s second largest full-service telco in terms of subscribers, has published its financial results for the first six months of the fiscal year ending 31 March 2014 (1H FY2014), reporting revenues of JPY2.054 trillion (USD21.04 billion), an 18% increase year-on-year from the JPY1.741 trillion generated in the year-ago period. The increase was attributed to higher data revenues and the recent consolidation of its subsidiary Jupiter Telecommunications in its financial results. Net income nearly doubled to JPY163.007 billion in the period under review, up from JPY79.757 billion reported at end-September 2012. EBITDA also increased in the six months to end-September 2013, up 1.3-fold to JPY320.208 billion from the JPY13.899 billion reported in 1H FY2013.

In operational terms, the company reported 8.12% growth in its consolidated customer base, which reached 39.045 million users in fiscal 1H14, up from 36.110 million reported one year earlier, while fibre-to-the-home (FTTH) subscribers increased by 223,000 net additions to reach 3.05 million customers.

Japan, KDDI (au)