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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 61.8 Nov 2, 2023 IFRS
Apr - Sep, 2024 2,821,320 562,193 552,661 339,894 82.9 ー Nov 1, 2024 IFRS
YoY +1.5% +0.3% -5.2% -7.8% -3.5%

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 2,821,320 562,193 552,661 339,894 82.9 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 2,920,757 351,757 359,959 231,601 54.7 35 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 2,948,680 547,807 ー 350,106 88.0 37.50 Nov 1, 2024 IFRS
YoY +1.0% +55.7% － +51.2% +60.9%

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 1,079,523 679,113 155.5 67.50 May 11, 2023 IFRS
Mar, 2024 5,699,724 912,031 943,172 600,281 141.8 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 +1.2% +21.7% － +14.9% +22.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,462,858 295,328 308,098 193,495 45.1 20.2 Nov 2, 2023 IFRS
Oct - Dec, 2023 1,441,012 282,266 280,946 171,523 40.3 19.6 Feb 2, 2024 IFRS
Jan - Mar, 2024 1,479,745 69,491 79,013 60,078 14.2 4.7 May 10, 2024 IFRS
Apr - Jun, 2024 1,373,856 272,305 282,321 172,069 41.3 19.8 Aug 2, 2024 IFRS
Jul - Sep, 2024 1,447,464 289,888 270,340 167,825 40.9 20.0 Nov 1, 2024 IFRS
YoY -1.1% -1.8% -12.3% -13.3% -9.3%

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