9433
KDDI CORPORATION
ＫＤＤＩ株式会社
Information & Communication
KDDI Corporation engages in the provision of mobile telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers 5G telecommunication services and other services, such as finance, energy, and LX through its multi-brands comprising au, UQ mobile, and povo; and entertainment services, including video and games to individual customers. The Business Services segment provides smartphones and other devices, network and cloud services, and data center services to corporate customers under the TELEHOUSE brand name. It is also involved in the provision of solutions for the development and expansion of businesses through IoT, DX, generative AI, and other technology centered on 5G communications. The company was incorporated in 1984 and is headquartered in Tokyo, Japan.
Price
¥2,738
Market Cap
¥5.4T
Ent. Value
¥9.2T
Net Debt
−¥3.8T
Shares Out.
2.0B
P / E
14.9×
EV / EBIT
8.4×
P / Book
2.05×
P / NCAV
N/M
Div. Yield
1.46%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥6,071.9B | ¥6,071.9B | ¥5,754.0B | ¥5,671.8B | ¥5,446.7B |
| Cost of Sales | ¥3,481.3B | ¥3,481.3B | ¥3,323.5B | ¥3,260.0B | ¥2,984.6B |
| Gross Profit | ¥2,590.6B | ¥2,590.6B | ¥2,430.5B | ¥2,411.7B | ¥2,462.1B |
| SG&A | ¥1,529.4B | ¥1,529.4B | ¥1,503.7B | ¥1,408.4B | ¥1,422.5B |
| Operating Income | ¥1,099.1B | ¥1,099.1B | ¥961.6B | ¥1,075.7B | ¥1,060.6B |
| Non-Operating Income | — | ¥10.1B | ¥21.9B | ¥10.2B | ¥10.2B |
| Non-Operating Expenses | — | ¥29.6B | ¥10.2B | ¥8.7B | ¥7.7B |
| Ordinary Income | ¥1,117.9B | ¥1,073.4B | — | — | — |
| Pre-tax Income | ¥1,117.9B | ¥1,117.9B | ¥992.7B | ¥1,077.9B | ¥1,064.5B |
| Net Income (owners) | ¥707.1B | ¥707.1B | ¥637.9B | ¥677.5B | ¥672.5B |
| Minority Interest | — | ¥80.4B | ¥18.2B | ¥60.9B | ¥60.1B |
| Comprehensive Income | — | ¥697.3B | ¥719.2B | ¥745.9B | ¥774.0B |
| EBITDA | ¥1,787.4B | ¥1,787.4B | ¥1,648.9B | ¥1,772.9B | ¥1,788.7B |
| EPS | ¥183.59 | ¥183.59 | ¥301.26 | ¥310.25 | ¥300.03 |
| Shares Outstanding | — | 1.99B | 2.08B | 2.16B | 2.22B |
| Shares Issued (total) | — | 2.19B | 2.30B | 2.30B | 2.30B |
| Treasury Shares | — | 202.6M | 220.5M | 145.6M | 89.0M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥19,063.4B | ¥19,063.4B | ¥14,146.1B | ¥11,917.6B | ¥11,084.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥5,578.4B | ¥5,578.4B | ¥4,251.8B | ¥3,587.1B | ¥3,667.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥1,078.8B | ¥1,078.8B | ¥887.2B | ¥480.3B | ¥796.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥13,484.9B | ¥13,484.9B | ¥9,894.3B | ¥8,330.5B | ¥7,417.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2,999.3B | ¥2,999.3B | ¥2,786.9B | ¥2,595.7B | ¥2,585.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥595.8B | ¥568.1B | ¥541.1B | ¥541.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥1,077.0B | ¥1,062.7B | ¥1,048.4B | ¥1,025.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥25.1B | ¥17.9B | ¥12.2B | ¥12.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥13,470.7B | ¥13,470.7B | ¥8,348.8B | ¥6,252.9B | ¥5,573.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥9,938.0B | ¥9,938.0B | ¥5,967.8B | ¥4,636.2B | ¥4,016.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥2,280.0B | ¥2,280.0B | ¥407.0B | ¥338.0B | ¥286.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥3,532.7B | ¥3,532.7B | ¥2,381.1B | ¥1,616.7B | ¥1,557.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥2,588.1B | ¥2,588.1B | ¥1,577.4B | ¥914.2B | ¥921.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥244.2B | ¥235.7B | ¥188.1B | ¥144.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥5,592.7B | ¥5,592.7B | ¥5,797.2B | ¥5,664.8B | ¥5,510.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥259.0B | ¥310.6B | ¥279.4B | ¥279.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥5,407.0B | ¥5,407.0B | ¥5,522.6B | ¥5,215.2B | ¥4,818.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-819.1B | ¥-845.1B | ¥-545.8B | ¥-299.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥5,076.7B | ¥5,076.7B | ¥5,253.4B | ¥5,122.4B | ¥4,982.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥522.5B | ¥543.9B | ¥542.4B | ¥528.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥4,868.1B | ¥4,868.1B | ¥1,984.4B | ¥1,252.2B | ¥1,208.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-3,789.2B | ¥-3,789.2B | ¥-1,097.2B | ¥-771.9B | ¥-411.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-7,892.2B | ¥-7,892.2B | ¥-4,097.0B | ¥-2,665.8B | ¥-1,906.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-3,967 | ¥-1,968 | ¥-1,236 | ¥-861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,552 | ¥2,523 | ¥2,375 | ¥2,249 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥1,788.9B | ¥1,788.9B | ¥1,706.5B | ¥1,078.9B | ¥1,468.6B |
| D&A | ¥688.3B | ¥688.3B | ¥687.3B | ¥697.2B | ¥728.1B |
| Investing CF | ¥-1,080.5B | ¥-1,080.5B | ¥-832.4B | ¥-732.5B | ¥-761.6B |
| CapEx | ¥404.8B | ¥404.8B | ¥523.9B | ¥394.7B | ¥425.8B |
| Financing CF | ¥-553.1B | ¥-553.1B | ¥-476.5B | ¥-669.8B | ¥-727.3B |
| Free Cash Flow | ¥1,384.0B | ¥1,384.0B | ¥1,182.6B | ¥684.2B | ¥1,042.8B |
| Net Change in Cash | — | ¥34.0B | ¥407.0B | ¥-316.4B | ¥-13.2B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 12.6% | 12.4% | 11.1% | 12.1% | 12.2% |
| ROA | 3.7% | 4.3% | 4.9% | 5.9% | 6.1% |
| EPS | ¥183.59 | ¥183.59 | ¥301.26 | ¥310.25 | ¥300.03 |
| DPS | ¥40.00 | ¥40.00 | ¥140.00 | ¥135.00 | ¥125.00 |
| BPS | ¥1,333.50 | ¥1,333.50 | — | — | — |
| FCF/Share | — | ¥696 | ¥568 | ¥317 | ¥471 |
| NCAV/Share | — | ¥-3,967 | ¥-1,968 | ¥-1,236 | ¥-861 |
| Payout Ratio | 21.8% | 21.8% | 46.5% | 43.5% | 41.7% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
15:45
|
Cancellation | — | 180,396,507 treasury shares to be cancelled. | |
|
Summary
180,396,507 treasury shares to be cancelled.
Shares: 180,396,507
Source (JP)
当社普通株式
記
２．消却する株式の数 180,396,507 株
（消却前の発行済株式総数に対する割合 4.31％）
３．消却予定日 2026 年５月 29 日
自己株式の消却に関するお知らせ
TDnet PDF
|
||||
|
2026-05-12
15:45
|
Buyback | ¥400.0B 3.8% | KDDI board of directors resolved on May 12, 2026 to conduct an open-market buyback of treasury shares worth approximatel… | |
|
Summary
KDDI board of directors resolved on May 12, 2026 to conduct an open-market buyback of treasury shares worth approximately ¥400 billion, acquiring 171.75 million shares (3.81% of outstanding shares) through May 15–September 12, 2025. The buyback is motivated by capital efficiency and shareholder returns, following announcements from major shareholders Toyota and Kyocera regarding planned share sales totaling approximately ¥2,500 billion.
Deadline: 2025-09-12
% of Shares: 3.8%
Shares: 171,754,264
Source (JP)
当社は、本日開催の取締役会において、自己株式の取得及びその具体的な取得方法として、自己株式の公開買付けを行うことを決議しました。171,754,264株、399,999,867,498円、2025年５月15日～2025年９月12日
自己株式の取得及び自己株式の公開買付けに関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 京セラ株式会社 | 335,096,000 | 16.83% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社（信託口）
|
329,451,800 | 16.55% |
| 3 | トヨタ自動車株式会社 | 203,294,600 | 10.21% |
| 4 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行（信託口）
|
144,706,550 | 7.27% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT－ TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
36,190,275 | 1.81% |
| 6 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
26,748,607 | 1.34% |
| 7 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
21,402,114 | 1.07% |
| 8 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
|
21,363,316 | 1.07% |
| 9 | ＪＰモルガン証券株式会社 | 20,489,733 | 1.02% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 (常任代理人 株式会社みずほ銀行決済営業部)
|
17,027,386 | 0.85% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
23.8%
+16.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.1%
+1.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
28.1%
-18.5% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 58.0% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 京セラ | 15.52% | 16.08% | 16.83% +0.75% | |
| 日本マスタートラスト信託銀行 NEW ENTRY | — | — | — | 16.55% NEW |
| トヨタ自動車 | 14.67% | 12.14% | 10.21% -1.93% | |
| 日本カストディ銀行 | 6.80% | 6.93% | 7.27% +0.34% | |
| State Street | 3.43% | 3.56% | 5.07% +1.51% | |
| JP Morgan | 0.99% | 1.03% | 1.07% +0.04% | |
| ＪＰモルガン証券 | 0.90% | 1.39% | 1.02% -0.37% | |
| 日本マスタートラスト 信託銀行 last seen 2024 | Exited Top 10 | 16.06% | 16.03% | — |
| ＳＭＢＣ日興証券 last seen 2024 | Exited Top 10 | — | 0.96% | — |
| Morgan Stanley last seen 2023 | Exited Top 10 | 1.00% | — | — |
| Concentration (HHI) ⓘ | 775 | 728 | 742 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥167,901M
+46% since 2023
Holdings
20
+6 new
7 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥167,901M total | FY2023 ¥114,922M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
104,568 |
39,972,500
|
75,148 | 39,972,500 | M |
|
Internet Initiative Japan Inc.
株式会社インターネットイニシアティブ
|
52,986 |
NEW
New
20,387,000
|
— | ||
|
East Japan Railway Company
東日本旅客鉄道株式会社（注）２
|
2,645 |
NEW
New
896,100
|
— | ||
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング株式会社
|
2,504 |
609,000
|
4,019 | 609,000 | |
|
Datasection Inc.
データセクション株式会社
|
2,027 |
2,100,000
|
550 | 2,100,000 | |
|
J-Stream Inc.
株式会社Ｊストリーム
|
1,224 |
3,045,600
|
1,782 | 3,045,600 | |
|
SPACE SHOWER SKIYAKI HOLDINGS INC.
スペースシャワーSKIYAKIホールディングス株式会社
|
707 |
NEW
New
1,500,000
|
— | ||
|
AISAN TECHNOLOGY CO.,LTD.
アイサンテクノロジー株式会社
|
411 |
280,000
|
716 | 280,000 | |
|
譬ｪ蠑丈ｼ夂､ｾ�ｽ会ｽ難ｽ撰ｽ��ｽ��ｽ�
株式会社ｉｓｐａｃｅ
|
396 |
NEW
New
524,380
|
— | ||
|
ELEMENTS, Inc.
株式会社ＥＬＥＭＥＮＴＳ
|
206 |
NEW
New
236,000
|
— | ||
|
Sockets Inc.
株式会社ソケッツ
|
134 |
240,000
|
254 | 240,000 | |
|
譬ｪ蠑丈ｼ夂､ｾ繧ｯ繝ｪ繝ｼ繝�
株式会社クリーマ
|
45 |
-48.7%
↓
159,800
|
161 | 311,400 | |
|
PIA CORPORATION
ぴあ株式会社
|
37 |
-99.0%
↓
14,100
|
4,494 | 1,400,000 | |
| 株式会社Ｖｅｒｉｔａｓ Ｉｎ Ｓｉｌｉｃｏ | 11 |
NEW
New
14,000
|
— | ||
|
Lawson,Inc.
株式会社ローソン（注）３
|
— | — | |||
|
JTOWER Inc.
株式会社ＪＴＯＷＥＲ（注）４
|
— | — | |||
| Ｍｙｎｄ．ａｉ Ｉｎｃ． | — | — | |||
| ピクシーダストテクノロジーズ株式会社 | — | — | |||
| 株式会社ＡＬＢＥＲＴ | — | — | |||
|
CROPS CORPORATION
株式会社クロップス（注）４
|
— | — | |||
|
Lawson,Inc.
株式会社ローソン
|
— |
−100%
Exit
—
|
11,837 | 2,110,000 | |
| グリー株式会社 | — |
−100%
Exit
—
|
5,520 | 8,000,000 | |
|
Internet Initiative Japan Inc.
株式会社インターネットイニシアティブ（注）２
|
— |
−100%
Exit
—
|
4,617 | 1,680,000 | |
|
JTOWER Inc.
株式会社ＪＴＯＷＥＲ
|
— |
−100%
Exit
—
|
2,712 | 553,473 | |
|
East Japan Railway Company
東日本旅客鉄道株式会社
|
— |
−100%
Exit
—
|
2,191 | 298,700 | |
| 株式会社スペースシャワーネットワーク | — |
−100%
Exit
—
|
651 | 1,500,000 | |
|
ELEMENTS, Inc.
株式会社ＥＬＥＭＥＮＴＳ（注）３
|
— |
−100%
Exit
—
|
270 | 236,000 | |
| Portfolio total | 167,901 | 114,922 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding