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Despite growth in data transmission revenue due to an increase in 3G subscriptions, consolidated operating revenue in the period has recorded 352,321 million yen, a decrease of 11,451 million yen (3%) as compared to the same period of the previous fiscal year, due to a decline of voice revenue affected by a new price plan launched in the previous fiscal year and other factors. In total, VKK reports 15,240,200 customers at the end of June 2006 with positive net customer additions of 30,300 for the quarter ended 30 June.
According to the release, the launch of marketable handsets has resulted in a decrease in selling and marketing expenses and a change in the estimated useful life of certain assets led to a reduction in depreciation. Along with the decline in operating revenue, VKK recorded operating income of 31,162 million yen, a decrease of 4,025 million yen from the same period of the previous fiscal year. Due to the acquisition of VKK by SOFTBANK Group and the related change in the brand name on October 1 2006, to “SOFTBANK”, VKK accrued loss on disposal of property, plant and equipment for certain relevant fixed assets as extraordinary losses. Net income, therefore, has recorded 17,895 million yen.
+ Net customer additions totaled 30,300, representing a 2.8% share of market net additions for the first quarter.
+3G subscriptions increased by 677,800 to a total of 3,715,400 (24.4% of the customer base) at the end of June 2006, as compared to 3,037,600 (20% of the customer base) at the end of March 2006. +Prepaid customers were 1,561,100 at the end of June 2006, down by 3% from 1,608,500 at the end of March 2006.
+ARPU for the first quarter declined by 5% to 5,590 yen as compared to 5,870 yen in the same period of the previous fiscal year and by 0.1% from 5,600 yen1 in the previous quarter, respectively.
+Data and messaging revenue as a percentage of total service revenue for the first quarter was 23.9%, a 1.5% increase from 22.4% recorded in the same period of the previous fiscal year and a 0.3% increase from 23.6% recorded in the previous quarter2.
+Operating expenditures totaled 321,158 million yen, a decrease of 7,425 million yen (2%) from the same period of the previous fiscal year.
+As a result, VKK recorded EBITDA of 83,866 million yen, a decrease of 7,447 million yen (8%) and EBITDA margin was 23.8%, a 1% decline from the same period of the previous fiscal year.
+ As a result of proactive efforts to expand 3G network coverage, capital expenditures for VKK increased to 56,030 million yen on a fixed asset addition basis, an increase of 29,986 million yen compared to the same period of the previous fiscal year. On a cash flow basis, expenditures were 67,765 million yen, an increase of 14,125 million yen on a year-on-year basis.
The details are available Here [.pdf]
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