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    9433   JP3496400007

KDDI CORPORATION

(9433)
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Delayed Japan Exchange  -  10:30 2022-08-11 pm EDT
4174.00 JPY   +0.55%
08/10KDDI : Posted Performance Highlights and Q&A for the First Quarter of the Fiscal Year Ending March 2023
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08/05KDDI : Outline about Communication Failure on July 2, 2022
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08/03UPDATE1 : Japan gov't orders KDDI to ensure no repeat of massive network outage
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UPDATE4: KDDI's over 40-hr mobile disruption affects up to 39 mil. connections

07/03/2022 | 07:48am EDT

KDDI Corp., a major Japanese telecom company, said Sunday it has finished work to restore services to up to 39.15 million mobile connections that have been affected by a network disruption for over 40 hours.

But the "au" mobile brand operator stopped short of saying when its connections will fully recover after the failure not only prevented its users from making calls and getting online but also impacted such areas as banking, transmission of weather data, parcel deliveries and network-connected cars.

KDDI's work to resume services in eastern Japan was completed around 5:30 p.m. after most of its customers in western Japan were gradually regaining wireless access.

Holding a press conference, KDDI President Makoto Takahashi apologized over the disruption, which began at around 1:35 a.m. Saturday, and said he would consider compensating individual and corporate users.

KDDI said a breakdown of its system for voice calls had triggered a concentration of traffic that led the company to reduce user access.

Internal Affairs and Communications Minister Yasushi Kaneko said in an ad hoc press conference that he viewed the disruption as a "serious incident."

The recent string of issues at major Japanese mobile carriers is "extremely regrettable," Kaneko added as he acknowledged that KDDI's outage was on a larger scale than NTT Docomo Inc.'s nationwide disruption last October.

Reiterating his call for carriers to keep in mind that cell phones are an important part of social infrastructure, Kaneko said appropriate steps would be taken to deal with the matter, hinting at the issuance of an administrative order.

The disruption that continued for an unprecedentedly long time caused numerous inconveniences. Passengers were briefly unable to use IC rechargeable cards on buses traveling in the Tokyo metropolitan area, while a regional bank said automated teller machines located outside its branches also could not be used.

The network problem has also affected its low-cost UQ Mobile brand and its lower-priced "povo" wireless customers, as well as smaller rivals leasing connections from the telecom company, such as Rakuten Mobile Inc.

As of March, KDDI was providing around 62 million mobile connections, with individual contracts for the au, UQ Mobile and povo brands accounting for about 31 million.

Japan's telecommunications business law stipulates that the government can classify a problem as a "serious incident" if 30,000 people or more who subscribe to services capable of dialing emergency numbers, such as 110 or 119, are affected for an hour or longer.

In October last year, Japan's largest mobile carrier by subscribers, NTT Docomo, suffered a system failure and was subsequently issued with an administrative order to prevent a recurrence.

The disruption, lasting around 29 hours and affecting at least 12.9 million users, was labeled a serious incident by the communications ministry.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
KDDI CORPORATION 0.55% 4174 Delayed Quote.23.47%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION -0.03% 3743 Delayed Quote.18.86%
All news about KDDI CORPORATION
08/10KDDI : Posted Performance Highlights and Q&A for the First Quarter of the Fiscal Year Endi..
PU
08/05KDDI : Outline about Communication Failure on July 2, 2022
PU
08/03UPDATE1 : Japan gov't orders KDDI to ensure no repeat of massive network outage
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07/29TRANSCRIPT : KDDI Corporation, Q1 2023 Earnings Call, Jul 29, 2022
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07/29KDDI : Financial Results for the First Quarter of the Fiscal Year Ending March 2023
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07/29TRANSCRIPT : KDDI Corporation, Q1 2023 Earnings Call, Jul 29, 2022
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07/29KDDI CORPORATION : 1st quarter results
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07/29KDDI CORPORATION : Press Release
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Financials
Sales 2023 5 505 B 41 466 M 41 466 M
Net income 2023 694 B 5 229 M 5 229 M
Net Debt 2023 286 B 2 152 M 2 152 M
P/E ratio 2023 13,1x
Yield 2023 3,21%
Capitalization 9 119 B 68 687 M 68 687 M
EV / Sales 2023 1,71x
EV / Sales 2024 1,70x
Nbr of Employees 48 829
Free-Float 66,2%
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Number of Analysts 20
Last Close Price 4 151,00 JPY
Average target price 4 635,55 JPY
Spread / Average Target 11,7%
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Managers and Directors
Makoto Takahashi President & Representative Director
Takashi Tanaka Executive Officer
Koji Sumiyoshi General Manager-Information Systems
Kazuyuki Yoshimura Director & Senior GM-Technology
Nanae Saishoji General Manager-Business Administration
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