Okinawa Cellular Telephone Company (9436) Q2 2026 earnings summary

Executive summary

• Operating revenue for the first half of FY Mar.26 rose 2.2% year-over-year to ¥42,068 million, driven by higher mobile and handset sales revenue.

• Operating profit increased 5.1% to ¥9,350 million, and net income rose 6.9% to ¥6,540 million year-over-year.

• Growth was supported by improved profitability in the au Denki segment and infrastructure expansion.

• Both operating revenue and profit are tracking in line with internal forecasts, with progress rates near 50% for the full year.

• Capital investment totaled ¥2,712 million, including completion of submarine cables and expansion of FTTH and mobile data infrastructure.

Financial highlights

• Operating revenue: ¥42,068 million (+2.2% YoY); operating profit: ¥9,350 million (+5.1% YoY); ordinary profit: ¥9,424 million (+5.6% YoY); net income: ¥6,540 million (+6.9% YoY).

• EBITDA increased 1.6% year-over-year to ¥12,516 million.

• Free cash flow for the period was ¥5,300 million.

• Net income per share: 69.86 yen (reflecting a 2-for-1 stock split).

• Total mobile ARPU increased to ¥5,331 in 2Q FY Mar.26.

Outlook and guidance

• Full-year forecast (ending March 2026): operating revenue ¥85,000 million (+0.8%), operating profit ¥18,200 million (+2.5%), ordinary profit ¥18,250 million (+1.8%), net income ¥12,550 million (+1.2%).

• No changes to previously announced forecasts; continued growth expected in mobile and business services.

• Operating revenue and profit are both at approximately 50% of the full-year forecast after 2Q.

• Mobile and FTTH subscriber net additions are progressing toward annual targets, with FTTH at 50% and mobile at 42% of forecast.

• Dividend forecast for FY2026 is 64 yen per share (post-split basis).