KDDI Future Growth
Future criteria checks 1/6
KDDI is forecast to grow earnings and revenue by 5.3% and 3% per annum respectively. EPS is expected to grow by 7.6% per annum. Return on equity is forecast to be 14.3% in 3 years.
Key information
5.3%
Earnings growth rate
7.63%
EPS growth rate
| Wireless Telecom earnings growth | -1.5% |
| Revenue growth rate | 3.0% |
| Future return on equity | 14.32% |
| Analyst coverage | Good |
| Last updated | 28 Apr 2026 |
Recent future growth updates
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 • Aug 05
Earnings Miss: KDDI Corporation Missed EPS By 8.1% And Analysts Are Revising Their Forecasts
The quarterly results for KDDI Corporation ( TSE:9433 ) were released last week, making it a good time to revisit its...Analysis Article • May 18
The KDDI Corporation (TSE:9433) Full-Year Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that KDDI Corporation ( TSE:9433 ) filed its full-year result this time last week. The...Recent updates
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.Analysis Article • Sep 05
Here's What's Concerning About KDDI's (TSE:9433) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Aug 05
Earnings Miss: KDDI Corporation Missed EPS By 8.1% And Analysts Are Revising Their Forecasts
The quarterly results for KDDI Corporation ( TSE:9433 ) were released last week, making it a good time to revisit its...Analysis Article • Jul 02
Earnings Not Telling The Story For KDDI Corporation (TSE:9433)
With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...Analysis Article • Jun 17
Is KDDI Corporation (TSE:9433) Trading At A 43% Discount?
Key Insights The projected fair value for KDDI is JP¥4,254 based on 2 Stage Free Cash Flow to Equity KDDI is estimated...Analysis Article • Jun 02
Is KDDI (TSE:9433) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 18
The KDDI Corporation (TSE:9433) Full-Year Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that KDDI Corporation ( TSE:9433 ) filed its full-year result this time last week. The...Analysis Article • May 12
Returns On Capital Signal Tricky Times Ahead For KDDI (TSE:9433)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
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
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 6,692,750 | 854,750 | 774,000 | 1,467,000 | 4 |
| 3/31/2028 | 6,533,110 | 806,605 | 784,400 | 1,599,530 | 12 |
| 3/31/2027 | 6,334,663 | 776,658 | 732,000 | 1,549,149 | 13 |
| 3/31/2026 | 6,081,124 | 730,325 | 642,000 | 1,701,792 | 10 |
| 12/31/2025 | 5,998,782 | 681,953 | 772,567 | 1,447,846 | N/A |
| 9/30/2025 | 5,930,210 | 675,404 | 517,196 | 1,179,626 | N/A |
| 6/30/2025 | 5,965,143 | 679,850 | 121,830 | 807,121 | N/A |
| 3/31/2025 | 5,835,525 | 655,416 | 566,111 | 1,249,042 | N/A |
| 12/31/2024 | 5,852,711 | 628,871 | 717,471 | 1,360,305 | N/A |
| 9/30/2024 | 5,779,769 | 574,662 | 1,253,139 | 1,891,914 | N/A |
| 6/30/2024 | 5,757,471 | 597,165 | 1,532,965 | 2,293,812 | N/A |
| 3/31/2024 | 5,699,724 | 600,281 | 956,968 | 1,706,498 | N/A |
| 12/31/2023 | 5,667,110 | 657,641 | 554,495 | 1,301,058 | N/A |
| 9/30/2023 | 5,630,463 | 660,882 | 482,607 | 1,191,324 | N/A |
| 6/30/2023 | 5,594,457 | 633,135 | 601,632 | 1,167,940 | N/A |
| 3/31/2023 | 5,630,024 | 649,747 | 444,744 | 1,078,869 | N/A |
| 12/31/2022 | 5,615,775 | 650,633 | 964,688 | 1,573,478 | N/A |
| 9/30/2022 | 5,562,383 | 665,395 | 949,416 | 1,598,546 | N/A |
| 6/30/2022 | 5,498,120 | 674,393 | 866,920 | 1,549,585 | N/A |
| 3/31/2022 | 5,446,708 | 672,486 | 793,081 | 1,468,648 | N/A |
| 12/31/2021 | 5,424,759 | 619,748 | 910,024 | 1,598,415 | N/A |
| 9/30/2021 | 5,400,564 | 640,066 | 757,983 | 1,443,806 | N/A |
| 6/30/2021 | 5,370,184 | 659,062 | 803,372 | 1,462,925 | N/A |
| 3/31/2021 | 5,312,599 | 651,496 | 1,057,530 | 1,682,166 | N/A |
| 12/31/2020 | 5,258,420 | 657,617 | 893,919 | 1,518,140 | N/A |
| 9/30/2020 | 5,209,960 | 665,121 | 890,682 | 1,494,382 | N/A |
| 6/30/2020 | 5,233,799 | 659,538 | 824,242 | 1,423,738 | N/A |
| 3/31/2020 | 5,237,221 | 639,767 | 704,052 | 1,323,356 | N/A |
| 12/31/2019 | 5,211,270 | 642,774 | 578,202 | 1,165,666 | N/A |
| 9/30/2019 | 5,182,541 | 619,737 | N/A | 1,003,102 | N/A |
| 6/30/2019 | 5,104,738 | 601,556 | N/A | 968,219 | N/A |
| 3/31/2019 | 5,080,353 | 617,669 | N/A | 1,029,607 | N/A |
| 12/31/2018 | 5,053,565 | 587,741 | N/A | 1,020,630 | N/A |
| 9/30/2018 | 5,088,177 | 588,561 | N/A | 995,505 | N/A |
| 6/30/2018 | 5,065,028 | 577,720 | N/A | 1,078,104 | N/A |
| 3/31/2018 | 5,041,978 | 572,528 | N/A | 1,061,405 | N/A |
| 12/31/2017 | 4,986,112 | 565,818 | N/A | 1,040,657 | N/A |
| 9/30/2017 | 4,862,748 | 549,954 | N/A | 1,143,484 | N/A |
| 6/30/2017 | 4,816,472 | 553,027 | N/A | 1,113,428 | N/A |
| 3/31/2017 | 4,748,259 | 546,658 | N/A | 1,161,074 | N/A |
| 12/31/2016 | 4,689,323 | 557,377 | N/A | 1,141,638 | N/A |
| 9/30/2016 | 4,615,961 | 543,154 | N/A | 1,109,094 | N/A |
| 6/30/2016 | 4,550,011 | 517,621 | N/A | 1,030,523 | N/A |
| 3/31/2016 | 4,466,135 | 494,465 | N/A | 884,538 | N/A |
| 12/31/2015 | 4,520,249 | 485,446 | N/A | 904,066 | N/A |
| 9/30/2015 | 4,592,962 | 474,006 | N/A | 865,862 | N/A |
| 6/30/2015 | 4,599,168 | 458,366 | N/A | 899,405 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 9433's forecast earnings growth (5.3% per year) is above the savings rate (0.8%).
Earnings vs Market: 9433's earnings (5.3% per year) are forecast to grow slower than the JP market (10.1% per year).
High Growth Earnings: 9433's earnings are forecast to grow, but not significantly.
Revenue vs Market: 9433's revenue (3% per year) is forecast to grow slower than the JP market (5.9% per year).
High Growth Revenue: 9433's revenue (3% 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 (14.3%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 12:36 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 30 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tetsuro Tsusaka | Barclays |
| Yuki Kaneko | BofA Global Research |
| Keiichi Yoneshima | Citigroup Inc |