KDDI Announces FYE 2006 Financials

KDDI has released their final accounting statement for the 2006 fiscal year, which ended 31 March 2007, at a press conference here yesterday afternoon. As reported in several other media channels the company reported a slightly lower net income, down 2%, on the year despite higher operating income thanks to the “au” mobile unit performance, which was up 11%, with net profit from the wireless operations increasing 44%. The company also revealed that they gained a net subscriber addition of 853,000 customers since mobile number portability took effect here in October last year. The full presentation webcast - in English - runs 1:45 and is available in Windows Media player Here.

According to materials provided, KDDI had over 28 million mobile subscribers at year-end with slightly more than half on their WIN CDMA1x 3G platform and nearly 80% of those using flat-rate data plans. President and Chairman Tadashi Onodara also introduced their new Challenge 2010 business plan which we thought you might find interesting.