Today I will talk about KDDI, a major general telecommunications company known for its au brand of cell phone services and is one of the top three domestic telecommunications companies in Japan.
※The above images are from KDDI’s website
KDDI is a well-known company for communication services, with major companies such as Kyocera and Toyota Motor Corporation, as major shareholders.
In Japan, the three major telecommunications companies (Docomo, Softbank, and KDDI) have been fighting for market share for a long time.
Still, recently, customers’ liquidity tends to have shrunk due to the disappearance of discounts on mobile handsets.
In addition, it seems they are trying to break away from offering only telecommunications services.
New services include online payment systems and vehicle dispatch, which are used more often in daily life.
At present, their mainstream business is geared for individuals, but it is expected that business contracts will increase as the demand for digitalization of corporate businesses increases.
￥2,770.5 （10/23 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 4.33 %
PER 9.96 PBR 1.44
Equity ratio 45.9%
Business performance is stable, and even in the midst of the corona disaster, working from home has been a supporting wind, and KDDI expects a record high performance in this term, However, recently appointed Prime Minister Suga's willingness to reduce communication charges has turned some people off, and the stock price is falling.
However, although he made a similar statement two years ago, profits have rather increased since then.
In addition to stable and high dividends, KDDI also offers shareholder benefits.
KDDI special benefits ←Click here for details
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.3 |
5,041,978 |
964,793 |
572,528 |
235.5 |
90 |
42% |
|
2019.3 |
5,080,353 |
1,013,729 |
617,669 |
259.1 |
105 |
41% |
|
2020.3 |
5,237,221 |
1,025,237 |
639,767 |
275.7 |
115 |
42% |
|
2021.3 |
5,250,000 |
1,030,000 |
640,000 |
278.3 |
120 |
43% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2021 is the predicted value
|
Cash flow statement |
2020.3 |
2019.3 |
|
CF operating activities |
13,234 |
10,296 |
|
CF investing activities |
▲6,110 |
▲7,145 |
|
CF financing activities |
▲5,464 |
▲3,109 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.