KDDI Management Posts Conservative Fiscal Year-End Forecasts at Result with Operating Revenue Up
KDDI’s fourth-quarter fiscal 2016 result (quarter-ending March 2017) was below our estimates at a reported level but broadly in line with estimates after taking into account higher-than-expected equipment impairment losses. The company reported 5% operating revenue growth and 14.3% operating income decline to JPY 137 billion for the fourth quarter. Underlying operating income would have grown at around 9%, excluding the impairment. For the full year, the company reported a solid 6.3% operating r...
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