KDDI (Buy) - Q2 22 Results Reaction: Mixed Quarter as Power Costs Accelerate

KDDI (Buy) - Q3 22 Results Reaction: Super Mobile but Full-Year Targets Look Challenging

KDDI (Buy) Q4 21 Results Reaction: FY22 Profits Steady and Wide-Ranging Mid-Term Plan

KDDI (Buy) - Network Outage Is a Bad Look but Concerns Should Fade over Time

Gravity Works As WeWork Doesn't; Now Plan B

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<ul>
<li>Results for the quarter were mixed with a slight miss for profitability despite one-time gains for financial services taken in the quarter</li>
<li>Revenue erosion from a reduction in the Rakuten roaming service area was relatively modest whilst there are signs of improvement in erosion from mobile price cuts</li>
<li>KDDI will reimburse users ¥7bn (v Redex forecast of ¥10bn) for its network outage earlier this month; the operational impact won't be clear until Q2 churn is reported</li>
</ul>


Results for the quarter were mixed with a slight miss for profitability despite one-time gains for financial services taken in the quarter
Revenue erosion from a reduction in the Rakuten roaming service area was relatively modest whilst there are signs of improvement in erosion from mobile price cuts
KDDI will reimburse users ¥7bn (v Redex forecast of ¥10bn) for its network outage earlier this month; the operational impact won't be clear until Q2 churn is reported


KDDI (Buy) - Q1 22 Results Reaction: Mixed Quarter as Consumer Predictably Weak

KDDI Corp

KDDI (Buy) - Q1 22 Results Reaction: Mixed Quarter as Consumer Predictably Weak