KDDI full year profits, revenues improve on solid subs gains

17 May 2021

KDDI (au) has published its financial results for the year ending 31 March 2021, with operating revenue increasing 1.4% year-on-year to JPY5.313 trillion (USD48.6 billion) from JPY5.237 trillion, operating income up marginally to JPY1.037 trillion, EBITDA of JPY1.786 trillion (+2.0%) – with an EBITDA margin of 33.6% (up 0.2pp) – and net income of JPY651.5 billion compared to JPY639.8 billion in FY2019/20. CAPEX for the year under review reached JPY627.9 billion from JPY615.1 billion y-o-y. The company projects a consolidated operating revenue of JPY5.350 trillion and an operating income of JPY1.050 trillion for the fiscal year ending 31 March 2022, as the third year of its mid-term plan.

The carrier, which markets mobile services under the ‘au’ branding, closed out March 2021 with a total of 60.398 million subscriptions, compared to 58.643 million a year earlier and 55.225 million at end FY2018/19. It also reported having 3.922 million UQ mobile/MVNO users (up from 3.068 million a year earlier) and 35.100 million WiMAX customers for its UQ Communications unit – although the total dipped from 35.243 million at 31 December 2020. Further, KDDI said it had 4.827 million fibre-to-the-home (FTTH) subscribers at the end of the year, up from 4.637 million in FY2019/20; it targets 4.900 million by end-March 2022.

Japan, KDDI (au), UQ Communications, UQ Mobile (Link Life)