DIP Balance Sheet - KDDI Corp

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Price: 16.03 EUR 0.53% Market Closed

Market Cap: €33.5B

Financial profile · Q1 FY2027

A mature telecom core funding measured expansion into higher-growth digital services

KDDI’s multi-year history shows a mature telecom core with moderate revenue growth and broadly stable operating margins, supplemented by financial and digital-growth businesses. Operating cash flow has generally funded meaningful network and technology investment, but financial-business working capital can make quarterly cash conversion volatile.

What is developing

The latest comparable results preserve the established earnings model: revenue and operating income grew, while TTM operating cash flow and free cash flow remained positive. The quarter’s negative cash conversion reflects a working-capital swing in the financial business rather than a demonstrated change in the underlying profit model.

What matters next

Whether operating cash flow turns positive as financial-business borrowing flows normalize without a sustained increase in capital spending.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Cash & Cash Equivalents	226.6B	200.8B	204.6B	369.2B	809.8B	796.6B	480.3B	887.2B	921.2B	1.1T
Cash Equivalents	226.6B	200.8B	204.6B	369.2B	809.8B	796.6B	480.3B	887.2B	921.2B	1.1T
Short-Term Investments	16.8B	30B	41.8B	102.4B	99.7B	102.6B	107.1B	48.8B	128.9B	68.7B
Total Receivables	1.5T	1.7T	2T	2.4T	2.5T	2.6T	2.8T	3.1T	3.5T	4.1T
Accounts Receivables	1.4T	1.6T	1.9T	2.1T	2.1T	2.2T	2.3T	2.5T	2.9T	3T
Other Receivables	96.2B	69.4B	96.1B	309.3B	353.4B	405.2B	490B	597B	588.6B	1.1T
Inventory	77.7B	89.2B	90.6B	75.4B	69.8B	74.5B	99B	91.3B	132.7B	140.3B
Other Current Assets	116.2B	133.7B	125.3B	86.5B	108.6B	123.4B	148.2B	164.5B	165.9B	194.9B
Total Current Assets	2T	2.2T	2.4T	3T	3.6T	3.7T	3.6T	4.3T	4.8T	5.6T
PP&E Net	2.4T	2.4T	2.5T	2.8T	2.9T	3T	3T	3.2T	3.3T	3.5T
PP&E Gross	2.4T	2.4T	2.5T	2.8T	2.9T	3T	3T	3.2T	3.3T	3.5T
Accumulated Depreciation	(3.9T)	(4.1T)	(4.4T)	(4.6T)	(4.9T)	(5.2T)	(5.4T)	(5.4T)	(5.4T)	(5.6T)
Intangible Assets	922.5B	953.1B	946.8B	1T	1T	1T	1T	1.1T	1.1T	1.1T
Goodwill	477.9B	526.6B	539.7B	540.9B	540.4B	541B	541.1B	568.1B	595.8B	580.3B
Note Receivable	45.3B	43.7B	423.4B	1.4T	1.6T	1.9T	2.7T	3.9T	5.5T	6.3T
Long-Term Investments	235.1B	292.1B	382B	712B	779.3B	855.2B	911.8B	1.1T	1.5T	1.9T
Other Long-Term Assets	188.6B	170.5B	59.8B	83.8B	115.1B	125.9B	153.9B	64.6B	140.3B	165.5B
Other Assets	477.9B	526.6B	539.7B	540.9B	540.4B	541B	541.1B	568.1B	595.8B	580.3B
Total Assets	6.3T	6.6T	7.3T	9.6T	10.5T	11.1T	11.9T	14.1T	16.9T	19.1T
Accounts Payable	119.3B	142.8B	146B	147.6B	142.2B	176.8B	974.3B	1.1T	1.3T	1.2T
Accrued Liabilities	84.8B	83.7B	87B	115.5B	115.5B	88.6B	108.3B	127.4B	137.6B	127.5B
Short-Term Debt	1.9B	29B	32B	0	19.5B	56B	313.6B	456.7B	1.7T	2.4T
Current Portion of Long-Term Debt	80.3B	325.2B	145.3B	264.2B	185.7B	343.2B	381.2B	331.5B	370.5B	476.6B
Other Current Liabilities	795.2B	857.1B	967.4B	2.5T	3.1T	3.4T	3.7T	4.9T	5.6T	6.7T
Deferred Revenue	129.9B	113.4B	116.1B	107.9B	100.9B	86.1B	82.2B	84.9B	93.9B	103B
Total Current Liabilities	1.1T	1.4T	1.4T	3T	3.5T	4T	4.6T	6T	8.1T	9.9T
Long-Term Debt	974.5B	764.4B	1.1T	1.4T	1.4T	1.2T	1.2T	1.9T	2.6T	3T
Deferred Income Tax	75.9B	80.3B	100.7B	98.6B	100.1B	144.8B	188.1B	235.7B	244.2B	250.2B
Minority Interest	294.7B	357.6B	429.4B	474.7B	499.7B	528.1B	542.4B	543.9B	522.5B	516B
Other Liabilities	282.8B	160.8B	140.6B	192.5B	219.1B	212.1B	227.9B	276B	330.7B	311.5B
Total Liabilities	2.7T	2.8T	3.1T	5.2T	5.8T	6.1T	6.8T	8.9T	11.7T	14T
Common Stock	141.9B	141.9B	141.9B	141.9B	141.9B	141.9B	141.9B	141.9B	141.9B	141.9B
Retained Earnings	3.4T	3.7T	4.1T	4.1T	4.4T	4.8T	5.2T	5.5T	5.5T	5.4T
Additional Paid In Capital	298B	289.6B	284.4B	280.6B	278.7B	279.4B	279.4B	310.6B	259B	257.6B
Unrealized Security Profit/Loss	12.5B	19.7B	14B	5.4B	28.3B	36.4B	12.7B	69.8B	9.6B	18.2B
Treasury Stock	(237B)	(338.3B)	(383.7B)	(156.6B)	(86.7B)	(299.8B)	(545.8B)	(845.1B)	(819.1B)	(822.1B)
Other Equity	(15.1B)	(11.5B)	(17.2B)	(25B)	(11.4B)	6.7B	19.7B	53.6B	40.9B	74.2B
Total Equity	3.6T	3.8T	4.2T	4.4T	4.8T	5T	5.1T	5.3T	5.1T	5.1T
Total Liabilities & Equity	6.3T	6.6T	7.3T	9.6T	10.5T	11.1T	11.9T	14.1T	16.9T	19.1T
Common Shares Outstanding	4.9B	4.8B	4.7B	4.6B	4.6B	4.4B	4.3B	4.2B	4B	3.8B