TSE:9433Wireless Telecom
Assessing KDDI (TSE:9433) Valuation After Governance Lapses And Earnings Restatement
KDDI (TSE:9433) is back in focus after revealing fictitious advertising transactions at subsidiaries BIGLOBE and G-PLAN, triggering major financial restatements, a sharply lower earnings forecast, executive changes, and wide ranging governance reforms.
See our latest analysis for KDDI.
Despite the governance revelations around BIGLOBE and G-PLAN and the resulting earnings revision and board reshuffle, the share price has been relatively firm, with a 30 day share price return of 2.46% and a 1...