KDDI earnings date
KDDI (DIP0) Q2 2027 Earnings Report
DE:DIP0 Q2 2027 EPS Results
- Actual EPS
- EUR 0.26
- Consensus EPS
- EUR 0.30
- Beat/Miss
- Missed by -EUR 0.04
- One Year Ago EPS
- EUR 0.32
DE:DIP0 Q2 2027 Revenue Results
- Actual Revenue
- EUR 8.89B
- Expected Revenue
- EUR 9.05B
- Beat/Miss
- Missed by -EUR 164.08M
- YoY Revenue Growth
- -3.40%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 11/06/2026
- Time
- Before Open
- Conference Call
- Friday, November 6, 2026
KDDI's next earnings date is estimated for January 22, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was predominantly positive, supported by first-half revenue and profit exceeding plan, double-digit growth in Telecom Core and Business Growth, improving subscriber and churn metrics, growing ARPU, and expanding AI and data center initiatives. The main negatives were declines in finance and energy profit, a second-half year-on-year profit decline, profit below consensus, accounting-profit adjustments, and challenges in M&A execution. Highlights significantly outweighed lowlights.
Management said the fiscal-year profit plan was “plus JPY 40 billion in the first half and JPY 20 billion in the second half,” with “over JPY 30 billion of overachievement” in the first half, including about JPY 10 billion of technological cost delayed to the second half, and JPY 30 billion of total investment considered for the second half; Rakuten roaming revenue is expected to contribute JPY 10 billion in the second half, and management is confident of achieving this fiscal year’s operating income target. The medium-term target is “5% plus alpha organic growth,” while Telecom Core is expected to deliver 3% annual profit growth, or about JPY 20 billion year-on-year; Personal Growth finance profit is expected to increase in Q4 and energy profit in Q3. The interim dividend is JPY 42, up 5% year-on-year, with the situation to be reassessed at fiscal year-end. Management expects Rubin by next year, Japan AI investment of JPY 100 billion to start generating value by FY '30, and R&D investment of JPY 30 billion at least until 2030.
- Strong First-Half PerformanceFirst-half operating revenue and profit exceeded the initial plan, marking a solid start to the fiscal year under the new midterm management plan.
- Broad-Based Segment Revenue GrowthRevenue increased across all disclosed segments. Telecom Core grew 16.7% year-on-year, while Business Growth increased 18.8% year-on-year with profit increases in all areas.
- Adjusted Operating Profit GrowthAdjusted operating profit increased by JPY 77.4 billion, or 13.9% year-on-year.
- Telecom Core Growth and Cost TransformationTelecom Core growth included a JPY 28 billion increase in mobile communication and a JPY 34.3 billion increase in other businesses. Management said sustainable mobile growth and cost structure transformation were bearing fruit, with over half of the mobile communication increase attributed to organic growth, brand mix, and improved churn.
- Improving Subscriber and Churn MetricsSmartphone subscriptions reached 33.34 million, up 420,000 year-on-year. Churn improved to 1.18%, down 0.03% year-on-year, with short-term churn for au and UQ mobile and churn for povo also declining.
- Mobile ARPU and Premium-Plan MomentumMobile ARPU increased by JPY 70, or 1.6% year-on-year. Combined au and UQ mobile subscriptions on higher-tier plans exceeded 4 million, supported by continued migration from UQ to au and stronger frontline sales capabilities.
- Growth in Personal and Business AreasPersonal Growth secured overall growth despite transient impacts from finance and energy, led by the device-related business. Business Growth increased 18.8% year-on-year, with profit increases across all areas.
- Expansion of AI and Data Center StrategyKDDI is developing connectivity-type and AI factory-type data centers, including an AI factory in Sakai, Osaka. The company plans to introduce Rubin GPUs, layer connectivity and computing value onto facilities, and use Sakai as a launch base for AI implementation.
- Physical AI and Autonomous Mobility InitiativesKDDI established ELYZA Robotics to promote physical AI, targeting R&D investment of JPY 30 billion, more than 300 physical AI specialists, and the introduction of more than 1,000 robots. It also signed a capital alliance with newmo, which operates 1,900 taxis in Osaka, to pursue autonomous-driving taxi implementation.
- Expected Rakuten Roaming ContributionRevenue related to Rakuten roaming, which was not included in the initial forecast, is expected to materialize from the second half onward. Management said it was confident of achieving the fiscal-year operating income target.
- Medium-Term Organic Growth and Investment PlansKDDI plans to use generated profits and cash to achieve 5% plus alpha organic growth in the medium term. It is considering JPY 30 billion of second-half investment, while continuing efforts to stabilize Telecom Core, enhance Personal Growth, and respond to security and environmental changes.
- Infrastructure Investment PipelineKDDI described total infrastructure investment of JPY 300 billion, including overseas connectivity investments and JPY 100 billion for Japan. The connectivity-type data center pipeline includes completion of a sixth building in the year ending March 2028, while the Japan AI factory model is expected to begin materializing during the current medium-term plan period.
- Strong Cash Generation and Kakaku.com Transaction PotentialManagement said future cash-generation capability was growing steadily. Following the decision to sell Kakaku.com and the elimination of the capital equity relationship, KDDI recorded a valuation gain; based on the indicated TOB price and including tax effects, the expected cash-in effect was approximately JPY 110 billion, with a share buyback to be applied for after completion of the TOB and squeeze-out procedures.
- Shareholder Return IncreaseThe interim dividend was JPY 42, up 5% year-on-year.
- Long-Term AI Investment and Human Capital TargetsKDDI said it had initially planned to invest JPY 100 billion in AI over four years and expects to begin seeing returns from its Japan AI investment by fiscal year 2030. Its medium-term targets include 3,000 AI personnel and 2,000 security personnel, alongside compensation and HR-system changes intended to support key talent.
- Selective Capital Allocation and Portfolio ManagementKDDI plans to allocate up to JPY 1 trillion for growth investment but said it would not pursue that amount regardless of opportunity quality. Management emphasized selective investment, divestment, capital efficiency, and recycling cash from divestitures into more promising opportunities.
DE:DIP0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 22, 2027 | 2027 (Q3) | 0.30- | 0.25 | ― | ― |
| Nov 06, 2026 | 2027 (Q2) | 0.300.26 | 0.32 | -18.18% (-0.06) | |
| Aug 07, 2026 | 2027 (Q1) | 0.250.29 | 0.26 | 10.62% (+0.03) | |
| May 12, 2026 | 2026 (Q4) | ―0.25 | 0.23 | 7.36% (+0.02) | |
| Mar 31, 2026 | 2026 (Q3) | 0.300.25 | 0.23 | 7.36% (+0.02) | |
| Nov 06, 2025 | 2026 (Q2) | 0.300.32 | 0.26 | 23.94% (+0.06) | |
| Aug 01, 2025 | 2026 (Q1) | 0.300.26 | 0.27 | -2.01% (-0.01) | |
| May 14, 2025 | 2025 (Q4) | 0.280.23 | 0.13 | 79.17% (+0.10) | |
| Feb 05, 2025 | 2025 (Q3) | 0.270.27 | 0.26 | 7.04% (+0.02) | |
| Nov 01, 2024 | 2025 (Q2) | 0.270.26 | 0.27 | -5.33% (-0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
