Okinawa Cellular Telephone Company (9436) Q2 2025 earnings summary

Executive summary

• Operating revenue for 1Q-2Q FY Mar.25 increased 8.2% year-over-year to 41,148 million yen, driven by growth in au Denki, handset sales, solutions business, and Multi-Brand communications.

• Operating profit declined 4.1% year-over-year to 8,900 million yen, mainly due to lower profitability in au Denki, increased reserves, and higher operating expenses in handset and mobile sales.

• Net income attributable to owners of parent fell 6.6% year-over-year to 6,120 million yen.

• Capital investment totaled 2,571 million yen, including submarine cables and FTTH service expansion.

Financial highlights

• Operating revenue: 41,148 million yen (+8.2% YoY); Operating profit: 8,900 million yen (−4.1% YoY); Ordinary profit: 8,921 million yen (−4.3% YoY); Net income: 6,120 million yen (−6.6% YoY).

• EBITDA: 12,318 million yen (−2.1% YoY).

• Free cash flow: 6,140 million yen (down from 12,493 million yen YoY, −50.9%).

• Capital expenditures: 2,571 million yen (−32.5% YoY), reflecting a decline after completion of submarine cable projects.

• Net income per share: 127.59 yen (down from 129.81 yen YoY).

Outlook and guidance

• Full-year forecast unchanged: Operating revenue projected at 80,000 million yen (+2.6% YoY), operating profit at 17,500 million yen (+2.9%), ordinary profit at 17,600 million yen (+2.4%), and net income at 12,250 million yen (+1.0%).

• Dividend forecast maintained at 120 yen per share for FY25.

• Both operating revenue and profit are progressing at over 50% of the full-year forecast.