KDDI Corporation

TSE:9433 Stock Report

Market Cap: JP¥11.5t

KDDI Future Growth

Future criteria checks 1/6

KDDI is forecast to grow earnings and revenue by 4% and 3.7% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 14.4% in 3 years.

Key information

4.0%

Earnings growth rate

6.36%

EPS growth rate

Wireless Telecom earnings growth-4.9%
Revenue growth rate3.7%
Future return on equity14.44%
Analyst coverage

Good

Last updated09 Sep 2026

Recent future growth updates

Analysis Article • May 14

KDDI Corporation (TSE:9433) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Investors in KDDI Corporation ( TSE:9433 ) had a good week, as its shares rose 4.8% to close at JP¥2,646 following the...
Analysis Article • Nov 10

Earnings Beat: KDDI Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for KDDI Corporation ( TSE:9433 ) shareholders, because the company has just released its latest...

Recent updates

Narrative Update • Sep 08

9433: IoT Partnerships And Buybacks Will Support Steady Future Shareholder Returns

Analysts have lifted their fair value estimate for KDDI to about ¥2,939 from roughly ¥2,861, citing recent research that highlights positive company prospects, slightly higher forecast revenue growth, firmer profit margins and a higher assumed future P/E multiple. What’s in the News for KDDI Upcoming board meeting on August 7, 2026, to review a proposal on disposal of treasury stock tied to the continuation of KDDI’s performance-linked stock compensation plan.
Narrative Update • Aug 25

9433: Higher Future P E Multiple Will Support Connected Services Expansion

Analysts have lifted their fair value estimate for KDDI to ¥3,500 from ¥3,321, citing a higher assumed future P/E of 17.65x, supported by recent research that highlights what they describe as the company's positive prospects. What’s in the News for KDDI Oasis Management, a major shareholder in Kakaku.com, stated it does not support the Kamgras 1 tender offer for Kakaku.com below ¥3,640 per share and indicated that a separate tender offer at ¥3,640 by BCPE Blitz, which would require cooperation from KDDI, is considered feasible if the Kamgras offer does not proceed and the non tender agreement with KDDI ends.
Narrative Update • Aug 08

9433: Future Connectivity Partnerships Will Fail To Justify Elevated Pricing

Analysts now place KDDI's fair value at ¥2,239, up from ¥2,192. This reflects updated views on its discount rate, revenue growth, profit margin and future P/E, with recent research pointing to "positive prospects." What's in the News for KDDI KDDI scheduled a board meeting for August 7, 2026 to consider disposal of treasury stock in connection with the continuation of a performance linked stock compensation plan for executives.
Narrative Update • Jul 24

9433: IoT Connectivity And Buybacks Will Support Steady Future Shareholder Returns

The analyst fair value estimate for KDDI has been adjusted from ¥2,802.93 to ¥2,861.40, with analysts citing updated assumptions for revenue growth, profit margins, and future P/E as the basis for the change. What's in the News Verizon Business and KDDI are collaborating with BMW Group to provide 5G and LTE telematics connectivity for new BMW and MINI vehicles manufactured for the U.S. market, using KDDI’s Global Communications Platform and Verizon’s 5G Standalone for Connected Vehicles offering.
Narrative Update • Jul 08

9433: Future Buybacks And Dividend Plans Will Fail To Justify Valuation

The analyst price target for KDDI has been revised from ¥2,059.29 to ¥2,191.99, with analysts attributing the change to updated assumptions for revenue growth, profit margins, and future P/E expectations. What’s in the News for KDDI KDDI authorized a share repurchase program to buy back up to 146,000,000 shares, or 3.83% of share capital, for ¥300,000 million.
Narrative Update • Jun 24

9433: IoT And Digital Assets Will Support Steady Future Shareholder Returns

Analysts have slightly lifted their KDDI price target to about ¥2,803 from roughly ¥2,785. This reflects updated assumptions that pair a lower revenue growth outlook with a marginally higher profit margin and a modestly higher future P/E estimate.
Narrative Update • Jun 05

9433: IoT Leadership, Buybacks And Dividends Will Support Balanced Future Returns

Analysts have adjusted their fair value estimate for KDDI stock from about ¥2,749 to roughly ¥2,785, reflecting updated assumptions around revenue growth, profit margin and future P/E that collectively indicate a slightly higher price target. What's in the News Soracom KDDI was positioned as a Leader in the 2026 Gartner Magic Quadrant for Managed IoT Connectivity Services, Worldwide, highlighting the group’s role in global IoT connectivity across 86 countries and its work on eSIM, generative AI integration and satellite connectivity services (source: KDDI Group and Soracom, Inc.).
New Narrative • Jun 01

AI Native Society And Digital Belt Investments Will Drive Long Term Telecom And DX Leadership

Catalysts About KDDI KDDI is a Japanese telecommunications company that provides mobile, fixed-line, data, financial and digital transformation services, supported by nationwide infrastructure and a broad network of customer touch points. What are the underlying business or industry changes driving this perspective?
Narrative Update • May 21

9433: Buyback And Dividend Plan Will Offset Subsidiary Misconduct Uncertainty

Analysts have trimmed their price target on KDDI to ¥2,749 from ¥2,801, citing updated assumptions that combine slightly higher revenue growth expectations with a more cautious view on profit margins and discount rates, while keeping long term P/E estimates broadly stable. What's in the News KDDI has scheduled a board meeting on May 12, 2026 to consider a share repurchase, cancellation of a portion of treasury stock and revisions to the performance linked stock compensation plan for directors and other executives (Board Meeting).
New Narrative • May 15

Infrastructure Spending And AI Ambitions Will Strain Cash Flow And Depress Returns

Catalysts About KDDI KDDI is a Japanese telecommunications company that provides mobile, fixed-line, data, financial and digital transformation services, supported by nationwide infrastructure and group subsidiaries. What are the underlying business or industry changes driving this perspective?
Analysis Article • May 14

KDDI Corporation (TSE:9433) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Investors in KDDI Corporation ( TSE:9433 ) had a good week, as its shares rose 4.8% to close at JP¥2,646 following the...
Narrative Update • Apr 28

9433: Subsidiary Misconduct Restatement And Earnings Delay Will Face Steady Outlook

Analysts have adjusted their view on KDDI with a revised price target of ¥2,801. This reflects updated assumptions around slightly higher revenue growth, a steady profit margin, and future P/E outlook.
Narrative Update • Apr 11

9433: Subsidiary Misconduct Restatement And Earnings Delay Will Meet Stable Outlook

Analysts have slightly reduced their fair value estimate for KDDI from ¥2,812.38 to ¥2,801.46, attributing this to modest adjustments in assumptions regarding revenue growth, profit margins, and forward P/E levels. What's in the News KDDI revised consolidated earnings guidance for the year ending March 31, 2026, now expecting operating revenue of ¥6,060b, operating income of ¥1,090b, profit attributable to owners of the parent of ¥698b, and basic EPS of ¥181.23, compared with previous guidance of ¥6,330b, ¥1,178b, ¥748b, and ¥194.38 respectively, reflecting confirmed inappropriate transactions at BIGLOBE and G PLAN and related accounting impacts (Key Developments).
Narrative Update • Mar 28

9433: Earnings Delay And Subsidiary Probe Will Face Steady Fundamentals

Analysts have maintained their price target for KDDI at ¥2,812, reflecting unchanged assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News KDDI postponed the disclosure of its earnings report for the third quarter of the fiscal year ending March 2026.
Narrative Update • Mar 12

9433: Prolonged Subsidiary Probe Will Meet Steady Margins And Business Realignment

Analysts have maintained their KDDI fair value estimate at ¥2,812 per share, with only small adjustments to revenue growth, profit margin and future P/E assumptions. As a result, the overall price target framework remains effectively unchanged.
Narrative Update • Feb 24

9433: Probes And Business Reshaping Will Meet Steady Margins And Capital Returns

Analysts have nudged their price target on KDDI slightly higher to ¥2,812 per share, citing relatively steady assumptions for the discount rate, modest tweaks to revenue growth and profit margin expectations, and a small adjustment in the future P/E input behind their models. What's in the News KDDI postponed the disclosure of its earnings report for the third quarter of the fiscal year ending March 2026.
Analysis Article • Feb 12

KDDI's (TSE:9433) Returns Have Hit A Wall

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Narrative Update • Feb 09

9433: Future Margins And Capital Returns Will Steady Probes And Business Reshaping

The latest analyst price target for KDDI remains at ¥2,812, with analysts citing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that largely offset one another in their valuation work. What's in the News KDDI postponed the disclosure of its earnings report for the third quarter of the fiscal year ending March 2026.
Narrative Update • Jan 26

9433: Future Margins And Capital Returns Will Balance Probes And Business Reshaping

Analysts have nudged their price target on KDDI higher to ¥2,812 from ¥2,794, citing small adjustments to fair value estimates, revenue growth assumptions, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for January 14, 2026 to review suspicions of inappropriate transactions at consolidated subsidiaries and to establish a Special Investigation Committee (company announcement).
Narrative Update • Jan 08

9433: Future Margins And Capital Returns Will Reflect Stable Fair Value Outlook

Analysts now place their price target for KDDI at ¥2,794, up from ¥2,725. This reflects updated fair value estimates and slight adjustments to projected growth, margins, and future P/E assumptions.
Narrative Update • Dec 14

9433: Future Margins And Capital Returns Will Balance Regulatory And Operational Risks

Analysts have raised their price target on KDDI slightly to approximately ¥2,725 from about ¥2,716, reflecting modestly improved expectations for revenue growth, profit margins, and future valuation multiples. What's in the News KDDI's board will meet on December 12, 2025, to approve the transfer of its bulk power purchasing service business for condominiums to Next Power Co., Ltd., a subsidiary of Kansai Electric Power, via an absorption-type company split (company filing).
Analysis Article • Dec 12

KDDI Corporation (TSE:9433) Shares Could Be 33% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for KDDI is JP¥4,013 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Nov 29

9433: Future Margins And Share Buyback Activity Will Balance Key Risks

Analysts have raised their price target for KDDI from ¥2,688 to ¥2,716, reflecting incremental improvements in projected profit margins even though revenue growth expectations have been slightly tempered. What's in the News KDDI announced a dividend of JPY 40.00 per share for the second quarter-end of the year ending March 31, 2026.
Analysis Article • Nov 10

Earnings Beat: KDDI Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for KDDI Corporation ( TSE:9433 ) shareholders, because the company has just released its latest...
Analysis Article • Oct 14

Here's Why KDDI (TSE:9433) Can Manage Its Debt Responsibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Sep 05

Telecom And Fintech Integration Will Foster Sustainable Value

KDDI's future P/E multiple has increased modestly while revenue growth forecasts are stable, resulting in the consensus Analyst Price Target remaining unchanged at ¥2688. What's in the News KDDI is collaborating with HPE to open the Osaka Sakai Data Center by early 2026, providing advanced NVIDIA-based AI infrastructure and hybrid cooling technology to support AI development for startups and enterprises.
User avatar
New Narrative • Nov 07

Calculated Expansion In Drones And Starlink Drives Revenue Growth While Overcoming Competitive Challenges

Strategic initiatives in drones, Starlink, and DX Business Services are likely to boost future revenue and earnings through market expansion and technological integration.

Earnings and Revenue Growth Forecasts

TSE:9433 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20296,822,138811,516765,4801,670,49113
3/31/20286,597,289776,167731,4001,628,32914
3/31/20276,365,132746,365786,0001,815,50014
6/30/20266,143,497742,508663,8491,344,219N/A
3/31/20266,071,915707,1121,109,8471,788,853N/A
12/31/20255,998,782681,953772,5671,447,846N/A
9/30/20255,930,210675,404517,1961,179,626N/A
6/30/20255,965,143679,850121,830807,121N/A
3/31/20255,835,525655,416566,1111,249,042N/A
12/31/20245,852,711628,871717,4711,360,305N/A
9/30/20245,779,769574,6621,253,1391,891,914N/A
6/30/20245,757,471597,1651,532,9652,293,812N/A
3/31/20245,699,724600,281956,9681,706,498N/A
12/31/20235,667,110657,641554,4951,301,058N/A
9/30/20235,630,463660,882482,6071,191,324N/A
6/30/20235,594,457633,135601,6321,167,940N/A
3/31/20235,630,024649,747444,7441,078,869N/A
12/31/20225,615,775650,633964,6881,573,478N/A
9/30/20225,562,383665,395949,4161,598,546N/A
6/30/20225,498,120674,393866,9201,549,585N/A
3/31/20225,446,708672,486793,0811,468,648N/A
12/31/20215,424,759619,748910,0241,598,415N/A
9/30/20215,400,564640,066757,9831,443,806N/A
6/30/20215,370,184659,062803,3721,462,925N/A
3/31/20215,312,599651,4961,057,5301,682,166N/A
12/31/20205,258,420657,617893,9191,518,140N/A
9/30/20205,209,960665,121890,6821,494,382N/A
6/30/20205,233,799659,538824,2421,423,738N/A
3/31/20205,237,221639,767N/A1,323,356N/A
12/31/20195,211,270642,774N/A1,165,666N/A
9/30/20195,182,541619,737N/A1,003,102N/A
6/30/20195,104,738601,556N/A968,219N/A
3/31/20195,080,353617,669N/A1,029,607N/A
12/31/20185,053,565587,741N/A1,020,630N/A
9/30/20185,088,177588,561N/A995,505N/A
6/30/20185,065,028577,720N/A1,078,104N/A
3/31/20185,041,978572,528N/A1,061,405N/A
12/31/20174,986,112565,818N/A1,040,657N/A
9/30/20174,862,748549,954N/A1,143,484N/A
6/30/20174,816,472553,027N/A1,113,428N/A
3/31/20174,748,259546,658N/A1,161,074N/A
12/31/20164,689,323557,377N/A1,141,638N/A
9/30/20164,615,961543,154N/A1,109,094N/A
6/30/20164,550,011517,621N/A1,030,523N/A
3/31/20164,466,135494,465N/A884,538N/A
12/31/20154,520,249485,446N/A904,066N/A
9/30/20154,592,962474,006N/A865,862N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9433's forecast earnings growth (4% per year) is above the savings rate (0.9%).

Earnings vs Market: 9433's earnings (4% per year) are forecast to grow slower than the JP market (8.7% per year).

High Growth Earnings: 9433's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9433's revenue (3.7% per year) is forecast to grow slower than the JP market (6.3% per year).

High Growth Revenue: 9433's revenue (3.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9433's Return on Equity is forecast to be low in 3 years time (14.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 22:01
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KDDI Corporation is covered by 27 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tetsuro TsusakaBarclays
Yuki KanekoBofA Global Research
Keiichi YoneshimaCitigroup Inc