KDDI reports 33.4% increase in net profit for FY2014

30 Apr 2014

KDDI, Japan’s second largest full-service telco in terms of subscribers, has published its financial results for the fiscal year ending 31 March 2014 (FY2014), reporting revenues of JPY4.334 trillion (USD42.32 billion), an 18.3% increase year-on-year on the JPY3.662 trillion reported in FY2013. KDDI attributed the positive development to higher data communications revenues, as a result of an increase in the number of customers using the ‘au Smart Value’ tariff, and the recent consolidation of its subsidiary Jupiter Telecommunications in its financial results. Net profit surged to JPY322.038 billion in the period under review, up 33.4% from JPY241.469 billion at end-March 2013, while KDDI’s earnings before tax, amortisation and depreciation (EBITDA) reached JPY620.628 billion, a 50.7% improvement on the KPY411.711 billion reported in FY2013.

In operational terms, the company reported 7.5% growth in its consolidated customer base, which passed the 40 million subscriber milestone at end-March 2014, up from 37.709 million reported one year earlier. Meanwhile, fibre-to-the-home (FTTH) broadband subscribers increased by 366,000 net additions, to reach a total of 3.236 million.

Japan, KDDI (au)