KDDI Announces Investigation Results on Fictitious Transactions, Lowers Net Profit Forecast for Current Fiscal Year

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Tue Mar 31, 2026 4:32 pm JST Catalyst

KDDI CORPORATION <9433> announced after the close of trading on the 31st that it had received an investigation report from a special investigation committee regarding fictitious circular transactions within the group. The company will cancel sales and cost of sales related to fraudulent transactions involving its subsidiary's advertising agency business, and will record as losses the amounts that flowed out to external parties as agency commissions. The company revised downward its earnings forecast for the fiscal year ending March 2026, reducing sales by \270 billion from the previous outlook to \6.06 trillion (up 3.8% year-on-year) and lowering net profit by \50 billion to \698 billion (up 6.5% year-on-year).

The company also corrected its financial results summaries for prior fiscal years. The revised earnings forecast for the current fiscal year also reflects the impact of a decrease in total smartphone sales, lower energy sales, and the recording of impairment losses in the personal business.

Source: MINKABU PRESS