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KDDI, Net Income Forecast for the Fiscal Year Revised Downward by 7%

Tue Mar 31, 2026 3:45 pm JST Earnings

9433 KDDI CORPORATION 【IFRS】

Earnings Report

KDDI CORPORATION <9433> [TSE Prime] announced its financial results (based on IFRS) after the market closed on March 31st (15:45). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 5.1% from the same period last year, reaching 545 billion yen.

However, the full-year forecast for consolidated net income has decreased 6.7%, from the previous forecast of 748 billion yen to 698 billion yen (compared to 655 billion yen in the previous period), leading to a reduction in the profit growth rate from 14.1% to 6.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (second half) has decreased 8.7%, from the previous forecast of 370 billion yen to 338 billion yen (compared to 315 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 17.4% to 7.2%.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 3.7% from the same period last year, reaching 185 billion yen. The operating profit margin rose from 19.2% in the same period last year to 19.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 4,219,979 842,540 864,159 540,203 126.9 91.6 Feb 2, 2024 IFRS
Apr - Dec, 2024 4,308,539 847,697 842,960 519,004 127.5 78.5 Feb 5, 2025 IFRS
Apr - Dec, 2025 4,471,796 856,693 862,746 545,541 141.1 ー Mar 31, 2026 IFRS
YoY +3.8% +1.1% +2.3% +5.1% +10.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 3,413,995 622,996 ー 388,118 102.0 40 Nov 6, 2025 IFRS
Oct - Mar, 2025 New 3,143,995 534,996 ー 338,118 88.8 40 Mar 31, 2026 IFRS
Revision Rate -7.9% -14.1% － -12.9% -12.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 6,330,000 1,178,000 ー 748,000 196.5 80 May 14, 2025 IFRS
Mar, 2026 New 6,060,000 1,090,000 ー 698,000 183.3 80 Mar 31, 2026 IFRS
Revision Rate -4.3% -7.5% － -6.7% -6.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 3,014,205 525,275 520,757 315,522 77.9 37.50 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 3,143,995 534,996 ー 338,118 88.8 40 Mar 31, 2026 IFRS
YoY +4.3% +1.9% － +7.2% +14.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 5,699,724 912,031 943,172 600,281 141.8 70 May 10, 2024 IFRS
Mar, 2025 5,835,525 1,087,468 1,073,418 655,416 161.9 72.50 May 14, 2025 IFRS
Mar, 2026 Guidance 6,060,000 1,090,000 ー 698,000 183.3 80 Mar 31, 2026 IFRS
YoY +3.8% +0.2% － +6.5% +13.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,487,219 285,504 290,299 179,110 44.0 19.2 Feb 5, 2025 IFRS
Jan - Mar, 2025 1,526,986 239,771 230,458 136,412 33.7 15.7 May 14, 2025 IFRS
Apr - Jun, 2025 1,415,734 259,473 256,704 160,069 40.2 18.3 Aug 1, 2025 IFRS
Jul - Sep, 2025 1,500,271 295,531 306,693 199,813 51.3 19.7 Nov 6, 2025 IFRS
Oct - Dec, 2025 1,555,791 301,689 299,349 185,659 48.0 19.4 Mar 31, 2026 IFRS
YoY +4.6% +5.7% +3.1% +3.7% +9.2%

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