Report
Dan Baker
EUR 101.80 For Business Accounts Only

KDDI Produces Solid Third Quarter; Fair Value Estimate Retained at JPY 3,700

KDDI’s third-quarter fiscal 2016 result (quarter ended December 2016) was mildly ahead of our estimates, putting the firm on track to comfortably beat its own full-year guidance, which was upgraded at this result. The company reported 10.0% operating income growth to JPY 243 billion for the first quarter and 15.4% operating income growth for the first nine months, but is only guiding for 9.4% operating income growth to JPY 910 billion for the full year. We make only minor changes to our earnings...
Underlying
KDDI Corp.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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