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

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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	161.5	51.9	Nov 2, 2022	IFRS
Apr - Sep, 2023	2,778,967	560,274	583,213	368,680	171.8	58.7	Nov 2, 2023	IFRS
Apr - Sep, 2024	2,855,713	573,086	563,554	351,202	171.2	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	－	70	May 10, 2024	IFRS
Apr - Sep, 2024 Results	2,855,713	573,086	563,554	351,202	171.2	70	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	127.1	70	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	2,914,287	536,914	ー	338,798	169.0	75	Nov 1, 2024	IFRS
YoY	-2.0%	+33.8%	－	+25.9%	+32.9%

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	311.0	135	May 11, 2023	IFRS
Mar, 2024	5,754,047	961,584	992,725	637,874	301.3	140	May 10, 2024	IFRS
Mar, 2025 Guidance	5,770,000	1,110,000	ー	690,000	344.2	145	May 10, 2024	IFRS
YoY	+0.3%	+15.4%	－	+8.2%	+14.3%

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	89.3	20.3	Nov 2, 2023	IFRS
Oct - Dec, 2023	1,486,564	287,603	286,283	176,913	83.1	19.3	Feb 2, 2024	IFRS
Jan - Mar, 2024	1,488,516	113,707	123,229	92,281	43.6	7.6	May 10, 2024	IFRS
Apr - Jun, 2024	1,389,138	276,988	287,005	176,949	85.0	19.9	Aug 2, 2024	IFRS
Jul - Sep, 2024	1,466,575	296,098	276,549	174,253	85.0	20.2	Nov 1, 2024	IFRS
YoY	+1.4%	+0.8%	-9.7%	-9.1%	-4.9%