SMBC KDDI CORPORATION KDDI 2011 9 7
1 1 KDDI 2 3 KDDI 4 12.3
KDDI 2 DDI KDD IDO 2000 10 3 2001 10 2005 10 2006 1 2007 1 2007 6 2008 4 au 7 JCN 1 CTC 2 1 2
10 1.24.8 3 10 2001 3 2011 3 2 8,164 1.2 3 4,345 1.5 8,973 25% 2 5,907 72% 988 4.8 4,719 =
4 2011 3 4,484,818 570,000 * 12.76% 11.09% 7.97% 15,000 2.56 3.78 ** * *** 2.17 *** 2.63% ** 9433 1993 9 1995 9 PBR PER 1.15 9.68 *** ** * =238,976 * 2011 8 31 ** 2012 3 *** 2011 3
2010 10 1 396,500 2011 8 31 570,000 5 +173,500 160% 2010 10 2010 10 10 1100 140% +44% 120% 100% 5% 80% 10/1 12/1 2/1 4/1 6/1 8/1 10 12 2010 2 4 2011 6 8
6 91,000115,000 25% 25% 30% 30% 1 22.0% 21.5% 22.4% 11,000 10,500 7,500 20.8% 9,500 6,500 7,500 21.2% 8,000 5,500 5,500 6,900 5,000 16.8% 4,500 1,000 3,500 17.5% 3,600 2,400 1,000 6,500 7,500 1,790 2,095 4,500 5,000 5,500 5,500 895 1,200 3,500 2,400 895 895 1,200 02.3 03.3 04.3 05.3 06.3 07.3 08.3 09.3 10.3 11.3 12.3 06.307.3 02.3 27.2% 13,000 24.1% 14,000 25.5% 15,000
7 1 KDDI 2 3 KDDI 4 12.3
8
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10 [] 3,000 2,000 2010 3.7 3.7 2011 2.1 2.1 1,000 0 08 09 10 11 [] MM[] 2010 2011 5
1995 =Windows95 2010 11 SNS mixi
12 Wi-Fi
13
14 300 100Kb) YouTube1 YouTube YouTube Google Inc
1, 500 ARPU ARPU 15 1,600 3,900 5,500 1 ARPU ARPU Data Average Revenue Per User 112IS03 IS04 IS06 ARPU
16 ARPU ARPU 10
17 1 KDDI 2 3 KDDI 4 12.3
18 3M Multi-Device Multi-Network Multi-Use 4 2
3M 3M 3M 19 LTE WiMAX KDDI Wi-Fi 3G
3M 20 3M
= KDDI LTE 3G WiMAX Wi-Fi 3G 21
22 KDDI KDDI 26 26 58 58 92 * SI 10 10 13 13 21 21 * WiMAX 20 20 * 2011 6 30
23 1 KDDI 2 3 KDDI 4 12.3 12.3
*MNP = au = 24 au= 4KPI MNP up ARPU
8 25 10 by SHARP 3D by SHARP / by TOSHIBA by CASIO * AQUOSAQUOS PHONE * G z One * REGZA REGZA Phone * XperiaSony Ericsson Mobile Communications AB * MIRACHPantech Wireless Japan * Windows Windows Phone Microsoft Corporation /
26 11.3 12.3 109 9% 400 33% 1,157 1,210
12.3 KDDI 11.3 12.3 13.3 27 1. - au= - 2. 3M
28
*au 11.3 197 29 12.3 200 LISMO WAVE 6 30
40000 0 5, 500 0 30 34,345 34,600 11.3 12.3 8,660 8,650-0.1% 11.3 12.3 4,719 4,750 1Q 1Q 8,660 34,345 8,650-0.1% 25.0% 34,600 1,293 4,719 1,401 +8.4% 29.5% 4,750 14.9% 13.7% 16.2% - - 13.7% 1,226 4,407 1,324 +8.1% 29.4% 4,500 719 2,551 719 +0.0% 28.8% 2,500 EBITDA 2,366 9,363 2,422 +2.3% 26.2% 9,230 27.3% 27.3% 28.0% - - 26.7% FCF -12 2,768 672 - - 3,300 1,293 1,401 1,104 4,437 769-30.4% 16.7% 4,600 +8.4% 11.3 12.3
3, 000 0 1, 000 0 1 31 au+uq WiMAX 2,694 1,783 577 283 11.3 12.3 12.3 1Q 1Q 1Q au 32,091 32,999 33,352 34,500 353 1,134 1,494 1,588 1,800 94 WIN(EV-DO) 27,147 29,633 30,629 33,000 996 1X 4,734 3,221 2,600 - -621 cdmaone 211 146 124 - -22 UQ WiMAX 214 807 1,030 2,000 224 11.3 12.3 ( ) au+uq WiMAX 32,305 33,806 34,382 36,500 577 873 463 165 148 11.3 12.3 12.3 1Q 1Q 1Q FTTH 1,637 1,901 1,987 2,400 87 2,775 2,543 2,465 2,130-79 1 1,062 1,341 1,486 2,160 146 2 1,019 1,088 1,106 1,130 18 11.3 12.3 ( ) 3 6,109 6,407 6,555 7,280 148 1 12.3 J:COM PHONE 2 3FTTH
2 au au 32 11.3 0.73% 12.3 0.70% 1.0% 0.75% 0.73% 0.68% 0.75% 0.66% 0.5% 0.0% 0.09 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 11.3 12.3 *
* TCA HP 3 MNP MNP au MNP au+uq WiMAX 33 150 100-362 4Q 2.8 60% 22.3% 4Q 2.5 50 37.7% 0 30% 29.8% KDDI au+uq WiMAX -50-100 -58-111 -97-96 -67 20.9% 11.5% NTT -150 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 11.3 12.3 11.3 12.3
4 au ARPU 34 160 140 120 100 80 60 40 20 0 Total ARPU 152 154 154 157 151 5,160 5,100 4,980 4,530 4,640 2,860 2,790 2,660 2,190 2,240 2,300 2,310 2,320 2,340 2,400 MOU 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 6,000 4,000 2,000 0 11.3 12.3 11.3 12.3 52010.1% 4,940 4,540 400 8.1% 62021.7% 2,620 2,000 62023.7% 100 4.3% 2,320 2,540 220 +9.5% * 11.3 4Q
KDDI IR 35 http://www.kddi.com/corporate/ir/index.html
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