KDDI reports 29% rise in net income in fiscal first quarter

10 Aug 2015

Japanese telecommunications group KDDI Corp (au) has released its financial results for the first quarter ending 30 June 2015, highlighting a 29% rise in net income to JPY143.9 billion (USD1.16 billion) from JPY111.4 billion in the corresponding year-earlier period, as operating revenue climbed 7% from JPY977.4 billion to JPY1.08 trillion. KDDI’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 11% y-o-y to JPY367.5 billion and operating income surged from JPY193.6 billion to JPY231.0 billion on the back of strong upward total average revenue per account (ARPA), which climbed 15.3% y-o-y, as value added ARPA sales increased 2.6% on the same period of 2014. EBITDA margin of 35.1% was better than the 33.8% reported in the group’s first quarter results for the three months to 30 June 2014. KDDI ended June with a total of 44.07 million au subscriptions, up from 43.48 million three months earlier as smartphone penetration totalled 55.1% of the base, compared to 54.3% at end-March 2015. CAPEX for the fiscal first-quarter topped JPY144.9 billion, broken down as JPY80.6 billion for its mobile arm and JPY64.4 billion for fixed services, down from JPY160.4 billion a year ago (JPY97.0 billion for mobile and JPY63.4 billion for fixed).

Japan, KDDI (au)