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KDDI Corrects Quarterly IFRS Data While Keeping Profit Outlook and Dividend Plan Intact

Story Highlights
  • KDDI corrected parts of its June 2024 IFRS quarterly report and related filings, but left its earnings outlook and dividend policy unchanged.
  • The telecom group posted higher revenue, income, and EPS for the June 2024 quarter, and reaffirmed guidance for profit growth and a higher annual dividend.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
KDDI Corrects Quarterly IFRS Data While Keeping Profit Outlook and Dividend Plan Intact

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The latest update is out from KDDI ( (JP:9433) ).

KDDI has issued a partial correction to its previously disclosed IFRS financial statements summary for the three-month period ended June 30, 2024, including amended numerical data. The company also submitted related amended securities and financial reports, while reiterating its dividend plan and full-year forecast, indicating that the revisions do not alter its current earnings outlook.

For the June 2024 quarter, KDDI reported operating revenue of ¥1.37 trillion, up 4.4% year on year, and operating income of ¥272.3 billion, up 2.8%, with basic earnings per share rising to ¥82.63. Total assets increased to ¥15.53 trillion, though the equity ratio declined, and the firm maintained its fiscal 2025 guidance of modest revenue growth and stronger profit expansion, alongside a planned annual dividend of ¥145 per share.

The most recent analyst rating on (JP:9433) stock is a Hold with a Yen2918.00 price target. To see the full list of analyst forecasts on KDDI stock, see the JP:9433 Stock Forecast page.

More about KDDI

KDDI Corporation is a major Japanese telecommunications operator listed on the Tokyo Stock Exchange Prime Market, providing mobile, fixed-line, and related communication services. The company targets consumers and institutional clients, and reports under IFRS, with a significant presence in the domestic telecom and data services market.

Average Trading Volume: 9,461,223

Technical Sentiment Signal: Buy

Current Market Cap: Yen10300B

Learn more about 9433 stock on TipRanks’ Stock Analysis page.

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