KDDI Corp

9433: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎6,941.00	Ffnqd	Xmfcrfmm

KDDI Announces Solid First-Quarter Result, but it Was Boosted by One-Off Accounting Changes

Dan Baker

Aug 1, 2022

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.

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