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KDDI CORPORATION, First Half Net Income Decreases by 5%, July-September Net Income Decreases by 9%

Fri Nov 1, 2024 3:15 pm JST Earnings

9433 KDDI CORPORATION 【IFRS】

Earnings Report

KDDI CORPORATION <9433> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 1st (15:15). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.7% from the same period last year to 351 billion yen. The progress rate against the 690 billion yen full-year plan was 50.9%, below the five-year average of 55.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 25.9% from the same period last year, reaching 338 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 174 billion yen, a 9.1% decrease compared to the same period last year. The operating profit margin decreased from 20.3% in the same period last year to 20.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 2,740,836 559,284 560,715 355,136 80.7 51.9 Nov 2, 2022 IFRS
Apr - Sep, 2023 2,778,967 560,274 583,213 368,680 85.9 58.7 Nov 2, 2023 IFRS
Apr - Sep, 2024 2,855,713 573,086 563,554 351,202 85.6 ー Nov 1, 2024 IFRS
YoY +2.8% +2.3% -3.4% -4.7% -0.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 35 May 10, 2024 IFRS
Apr - Sep, 2024 Results 2,855,713 573,086 563,554 351,202 85.6 35 Nov 1, 2024 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 2,975,080 401,310 409,512 269,194 63.6 35 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 2,914,287 536,914 ー 338,798 85.2 37.50 Nov 1, 2024 IFRS
YoY -2.0% +33.8% － +25.9% +34.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,671,762 1,077,393 1,079,523 679,113 155.5 67.50 May 11, 2023 IFRS
Mar, 2024 5,754,047 961,584 992,725 637,874 150.6 70 May 10, 2024 IFRS
Mar, 2025 Guidance 5,770,000 1,110,000 ー 690,000 173.4 72.50 May 10, 2024 IFRS
YoY +0.3% +15.4% － +8.2% +15.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,446,391 293,606 306,375 191,737 44.7 20.3 Nov 2, 2023 IFRS
Oct - Dec, 2023 1,486,564 287,425 286,104 176,854 41.6 19.3 Feb 2, 2024 IFRS
Jan - Mar, 2024 1,488,516 113,885 123,408 92,340 21.8 7.7 May 10, 2024 IFRS
Apr - Jun, 2024 1,389,138 276,988 287,005 176,949 42.5 19.9 Aug 2, 2024 IFRS
Jul - Sep, 2024 1,466,575 296,098 276,549 174,253 42.5 20.2 Nov 1, 2024 IFRS
YoY +1.4% +0.8% -9.7% -9.1% -4.9%

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