Kddi Corp. ( (KDDIY) ) has released its Q3 earnings. Here is a breakdown of the information Kddi Corp. presented to its investors.
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KDDI Corporation, a prominent telecommunications company listed on the Tokyo Stock Exchange, operates primarily in the communication sector, providing a range of services including mobile, internet, and data solutions, with a strong focus on innovation and sustainability. In the latest earnings report for the nine-month period ending December 31, 2024, KDDI Corporation reported a 2.3% increase in operating revenue to ¥4.36 trillion, alongside a 2.0% rise in operating income to ¥864.57 billion. However, profit attributable to owners of the parent decreased by 1.7% to ¥536.53 billion due to temporary influences from subsidiary reorganizations. Key highlights include strategic initiatives such as the New Satellite Growth Strategy, which emphasizes generative AI, 5G advancements, and partnerships in various fields like digital transformation and energy. The report also details the company’s efforts in expanding its business services segment with a 9.0% revenue increase, driven by growth in IoT-related services and data centers. Looking forward, KDDI maintains a steady outlook for the fiscal year ending March 31, 2025, with expected operating revenue of ¥5.77 trillion and plans to achieve net-zero CO2 emissions by 2040, solidifying its commitment to sustainable growth.
