KDDI reports 17.3% surge in revenues in 9M FY2014

31 Jan 2014

KDDI, Japan’s second largest full-service telco in terms of subscribers, has published its financial results for the first nine months of the fiscal year ending 31 March 2014 (FY2014), reporting revenues of JPY3.18 trillion (USD31.04 billion), a 17.3% increase year-on-year from the JPY2.71 trillion generated in the year-ago period. The increase was attributed to higher data revenues, as a result of an increase in the number of customers using ‘au Smart Value’, and the recent consolidation of its subsidiary Jupiter Telecommunications in its financial results. Net income surged to JPY268.653 billion in the period under review, up from JPY180.247 billion reported at end-December 2012. EBITDA also increased in the nine months to 31 December 2013, up by 65.4% to JPY506.481 billion from the JPY306.261 billion reported in 9M FY2013.

In operational terms, the company reported 7.6% growth in its consolidated customer base, which reached 39.617 million users in fiscal 9M14, up from 36.817 million reported one year earlier, while fibre-to-the-home (FTTH) subscribers increased by 408,000 net additions to reach a total of 3.165 million.

Japan, KDDI (au)