1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Narrow-moat KDDI’s first-quarter fiscal 2022 result (quarter ending June 2022) was solid with revenue and subscriber growth prioritized over profit. Revenue increased 4.0% with operating profit declining 0.8% and net profit up 1%. KDDI’s first-quarter results were boosted by a temporal accounting effect in is financial business relating to home mortgages which added around JPY 18 billion to operating profit.
KDDI is Japan's second-largest wireless operator (31% market share), the largest pay-TV operator (53% market share) and the second-largest provider of fibre-to-the-home broadband (12% market share). It has grown through acquisition and is focusing on increasing the number of customers who subscribe to more than one telecommunication service. It is also looking to grow its Life Design business which includes commerce, energy, and finance and had over 24.5 million IOT connections by the end of March 2022.
