KDDI Corporation (9433) Earnings Call Transcripts

KDDI Corporation's Latest Earnings Call - March 31, 2026

In the fiscal year ending March 2026, KDDI Corporation (9433:JP) reported significant financial restatements due to fictitious circular transactions primarily involving its subsidiaries, BIGLOBE and G-PLAN. The company reversed JPY 246.1 billion in revenue and JPY 49.9 billion in operating profit, leading to a downward revision of its full-year revenue forecast to JPY 6.06 trillion and operating profit to JPY 1.09 trillion. Management emphasized their commitment to implementing robust governance measures to prevent future misconduct, which could impact investor confidence and stock performance.

Reported metrics

Guidance from management

KDDI management has committed to strengthening governance and compliance measures across the organization. They aim to restore stakeholder trust and ensure that similar incidents do not recur, with specific plans to enhance oversight of subsidiaries.

What management said

Mr. Natori, Mr. Hen and Mr. Sato, thank you very much. You may now step down. This concludes the report on the investigation results. Any questions regarding these findings can be addressed during the Q&A session scheduled shortly. Thank you for your understanding. Next, we will have a presentation from KDDI Corporation on future initiatives in response to the investigation report. Allow me to introduce the speaker...

President Matsuda, Director Asoshi, please step down. We need to convert the stage. We would like to move on to questions and answers at this moment. In today's meeting, both members of the press and analysts are attending jointly. So we would like to take questions from both groups. Questions will be taken from those of you at the venue and those of Zoom. [Operator Instructions]

What analysts pressed on

Analysts expressed concerns regarding the sustainability of KDDI's growth strategy post-withdrawal from the advertising business and the potential long-term impacts on investor confidence. There were also questions about the adequacy of internal controls and oversight mechanisms.

Main topics on the call

• Fictitious Circular Transactions — KDDI disclosed that approximately 99.7% of the advertising revenue from BIGLOBE and G-PLAN was derived from fictitious circular transactions, leading to a total revenue reversal of JPY 246.1 billion. President Matsuda st...
• Financial Impact and Restatements — The company reported a cumulative impairment loss of JPY 150.8 billion, affecting both operating income and net income. Management noted, "85% of the total impact has been concentrated in the past few years," highlightin...
• Governance and Compliance Measures — KDDI is implementing extensive governance reforms to prevent future misconduct, including strengthening internal audits and risk management systems. Matsuda emphasized the need for a "more resilient and integrated corpor...
• Withdrawal from Advertising Business — KDDI announced its decision to withdraw from the advertising agency business, as it was deemed unsustainable and primarily fictitious. This decision was confirmed by management, stating, "We have no intention of resuming...

Read the full KDDI Corporation transcript (March 31, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 KDDI Corporation earnings call transcripts on record, spanning January 31, 2020 to August 7, 2026. Based on this history, KDDI Corporation reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

9433

Exchange

TSE

Country

JP

Sector

Communication Services

Industry

Wireless Telecommunication Services

Calls on record

40

First call

January 31, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly