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Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Equity Bottom-Up

Okinawa Cellular Telephone / Equity Bottom-Up

<ul><li>Handset sales bolster sales growth amid intensifying competition – Q1 FY3/25 results provided a steady start to the fiscal year, thanks to rising handset sales.</li><li>Competition amongst carriers is intensifying in the prefecture though, and costs of procuring electricity for its au Denki business rose.</li><li>The key earnings drivers were increased sales (+7.1% YoY to ¥19.81bn) from rising handset demand, solid additions of au Denki electricity contracts, and telecommunications ARPU. </li></ul>

Handset sales bolster sales growth amid intensifying competition – Q1 FY3/25 results provided a steady start to the fiscal year, thanks to rising handset sales.Competition amongst carriers is intensifying in the prefecture though, and costs of procuring electricity for its au Denki business rose.The key earnings drivers were increased sales (+7.1% YoY to ¥19.81bn) from rising handset demand, solid additions of au Denki electricity contracts, and telecommunications ARPU. 

Okinawa Cellular (9436 JP) - Strong Sales Growth, but Operating Costs Push Down Profit

<ul><li>50% mobile market share with scope to improve shareholder returns – Okinawa Cellular is the operating company for parent KDDI’s (9433) mobile and FTTH brands in Japan’s southernmost prefecture, with a dominant 50% mobile carrier market share.</li><li>The company benefits from the parent’s centralized R&amp;D initiatives limiting its costs, and economies of scale through the joint procurement of handsets.</li><li>With sector-leading operating margins and a strong track record of free cash flow generation, management actively allocates capital to shareholder returns, resulting in an estimated total shareholder payout ratio of 127.8% for FY3/24. </li></ul>

50% mobile market share with scope to improve shareholder returns – Okinawa Cellular is the operating company for parent KDDI’s (9433) mobile and FTTH brands in Japan’s southernmost prefecture, with a dominant 50% mobile carrier market share.The company benefits from the parent’s centralized R&amp;D initiatives limiting its costs, and economies of scale through the joint procurement of handsets.With sector-leading operating margins and a strong track record of free cash flow generation, management actively allocates capital to shareholder returns, resulting in an estimated total shareholder payout ratio of 127.8% for FY3/24. 

Okinawa Cellular (9436) - Dominant Local Market Leader Enhancing Shareholder Value

Japan

OKINAWA CELLULAR TELEPHONE COMPANY provides cellular and car phone services in Okinawa Prefecture.  The Company also sells cellular phones and accessories.

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Okinawa Cellular Telephone (9436 JP)

Okinawa Cellular (9436 JP) - Strong Sales Growth, but Operating Costs Push Down Profit

Handset sales bolster sales growth amid intensifying competition – Q1 FY3/25 results provided a steady start to the fiscal year, thanks to rising...

Astris Advisory Japan

Okinawa Cellular (9436) - Dominant Local Market Leader Enhancing Shareholder Value

The company benefits from the parent’s centralized R&D initiatives limiting its costs, and economies of scale through the joint procurement of...

Astris Advisory Japan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)