Japanese communications company KDDI Corp has announced its financial results for the third quarter of the fiscal year ending 31 March 2018. For the three months to 31 December 2017 consolidated revenue increased 6.8% year-on-year to JPY3.760 trillion (USD34.4 billion) from JPY3.522 trillion, mainly due to the increase of mobile communications and value-added revenues. Operating income reached JPY813.8 billion, representing an annual increase of 4.9%; operating margin was 21.6%, down 0.4 percentage points y-o-y. KDDI, Japan’s second largest telco by subscribers and revenue, said third-quarter EBITDA stood at almost JPY1.244 trillion (up 3.4%) while net profit attributable to shareholders climbed 4.1% to JPY490.6 billion. CAPEX for the three months under review was JPY138.9 billion, compared to JPY112.9 billion in Q3 FY 2017.
At 31 December 2017 KDDI had a total of 39.258 million mobile (‘au’) subscriptions, compared to 38.611 million in the same period of 2016, while its fixed broadband (fibre-to-the-home [FTTH]) arm had amassed 4.331 million users (up from 3.875 million) and WiMAX broadband unit UQ Communications had 28.154 million connections (23.296 million). MVNO subscriptions, meanwhile, continue to increase dramatically and stood at 1.498 million at the end of 2017, up from 357,000 twelve months earlier. CATV subscribers (households) reached 5.368 million, up from 5.277 million previously.
KDDI also reported that its board of directors has resolved to repurchase up to JPY50 billion of its own shares.