KDDI Continues to Boost Shareholder Returns

All Eyes on Rakuten's Plans as Japanese Telcos Remain Sidelined by Investors

Japan Telcos: Rakuten Is Allocated 4G Spectrum (1.7GHZ). Now the Hard Work Begins

KDDi (9433) - Are Slowdown Fears Overblown?

KDDI Forecasts Maintained as the Push into IoT Continues

KDDI Produces OK 2Q; FVE Retained at JPY 3,700

KDDI Delivering Rising Shareholder Returns While Results Were Broadly in Line.

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/639" target="_blank" data-smartkarma-citation="entities:639:1">KDDI (9433 JP)</a> recently reported 2Q17/18 results ahead of NSR forecasts and in line with consensus expectations. Revenue was in line but promotional expenses were less front-loaded (¥16bn v a ¥50bn FY17/18 budget). Mobile service revenue (+0.8% YoY v +1.3% in 1Q) is slowing as campaign pricing introduced in May proves popular but subscriber growth trends (retail erosion offset by MVNO growth) indicate that retail softness could be slowing. <a href="https://www.smartkarma.com/profiles/1920" target="_blank" data-smartkarma-citation="accounts:1920">Kirk Boodry</a> views the result as a solid one: Ebitda and…</p>

KDDI (9433 JP) recently reported 2Q17/18 results ahead of NSR forecasts and in line with consensus expectations. Revenue was in line but promotional expenses were less front-loaded (¥16bn v a ¥50bn FY17/18 budget). Mobile service revenue (+0.8% YoY v +1.3% in 1Q) is slowing as campaign pricing introduced in May proves popular but subscriber growth trends (retail erosion offset by MVNO growth) indicate that retail softness could be slowing. Kirk Boodry views the result as a solid one: Ebitda and…

NTT (Nippon Telegraph & Telephone) (9432 JP)

KDDI 's Slow and Steady Approach Is Delivering Rising Returns

KDDI Corp

KDDI 's Slow and Steady Approach Is Delivering Rising Returns