KDDI 2Q revenues up but EBITDA and net income down

Japanese fixed and mobile operator KDDI (au) has published its second-quarter financial results for the three months ending 30 September 2021, reporting that operating revenue for the three-month period under review increased to JPY1.325 trillion (USD11.6 billion) from JPY1.294 trillion in fiscal Q2 2020, mainly due to an increase in handset sales and revenue in mobile telecommunication fees, including roaming fees. Meanwhile, operating income slipped to JPY273.882 billion from JPY298.045 billion due to an increase in depreciation, sales promotion expenses and advertising costs. EBITDA dipped to JPY461.411 billion, and net profit attributable to the owners of the parent was also down at JPY171.580 billion, compared to JPY190.575 billion in the corresponding period of 2020. CAPEX, meanwhile, was reported at JPY155.950 billion, compared to JPY129.609 billion previously.

In terms of subscriber metrics, KDDI closed out September 2021 with a total of 60.758 million au subscriptions on its books, compared to 59.935 million in the year-ago quarter – of which 29.783 million were 4G + 5G total subscriptions (2020: 27.947 million), as well as 4.941 million fibre-to-the-home (FTTH) broadband users (4.759 million).

In its financial summary, KDDI noted: The business environment surrounding the KDDI group is affected by COVID-19. However, the KDDI group continues working on implementation of business strategy and enhancement of management base and there are no significant impacts on consolidated financial results for the six-month period ended 30 September 2021.’ CommsUpdate