Okinawa Cellular Telephone Company (9436) Q3 2025 earnings summary

Executive summary

• Operating revenue increased 6.8% year-over-year to ¥62,409 million, driven by au Denki, handset, and solutions sales.

• Operating profit rose 0.4% year-over-year to ¥13,732 million, and ordinary profit increased 0.8% to ¥13,778 million.

• Net income declined 1.1% year-over-year to ¥9,477 million, while EBITDA rose 0.7%.

• Both operating revenue and profit are progressing above 75% of the full-year forecast.

• Capital investment totaled ¥4,177 million, focused on high-speed data transmission and FTTH service equipment.

Financial highlights

• Operating revenue: ¥62,409 million (+6.8% YoY); operating profit: ¥13,732 million (+0.4% YoY); ordinary profit: ¥13,778 million (+0.8% YoY); net income: ¥9,477 million (-1.1% YoY); EBITDA: ¥18,881 million (+0.7% YoY).

• Free cash flow: ¥10,062 million (-35.1% YoY); capital expenditures: ¥4,177 million (-34.4% YoY).

• Net income per share: 198.40 yen; diluted net income per share: 191.99 yen.

• Comprehensive income: 9,655 million yen (-1.4% YoY).

Outlook and guidance

• Full-year operating revenue forecast raised to ¥83,000 million (+¥3,000 million/+3.8%); operating profit and net income forecasts unchanged.

• Free cash flow forecast revised upward to ¥11,600 million; capital expenditures forecast slightly reduced.

• FTTH net increase in subscriptions revised up to 4,400; au Denki net increase in contracts revised down to 1,800.

• Earnings per share forecast for the full year: 257.17 yen; dividend forecast for FY2025 raised to 120 yen per share.