KDDI Profit Guidance Miss and Medium Term Plan Analysis

KDDI's FY3/27 operating profit guidance of ¥1,210 bn missed consensus, and its new medium-term plan targets a 5% CAGR which may be difficult to achieve. Goldman Sachs maintains a Neutral rating with a price target of ¥2,650.

Key Takeaways

• 1.FY3/27 profit guidance of ¥1,210 bn (+5% yoy) missed the Bloomberg consensus of ¥1,233.3 bn.
• 2.KDDI announced a new medium-term plan for FY3/27-FY3/29 targeting an adjusted operating profit CAGR of +5%.
• 3.Planned share buybacks of up to ¥300 bn represent a decline from the previous two years' ¥400 bn levels.

Table of Contents

• Investment Thesis - KDDI
• Price Target Risks and Methodology - KDDI
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial