Okinawa Cellular Telephone Company (9436) Q4 2025 earnings summary

Executive summary

• Achieved record highs in operating revenue and profit for the third consecutive year, with 13 straight terms of profit growth.

• Operating revenue rose 8.1% year-over-year to ¥84,314 million, driven by growth in au Denki, handset, and solutions sales.

• Operating profit increased 4.4% to ¥17,761 million, and net income attributable to owners of parent grew 2.3% to ¥12,402 million.

• Surpassed revised forecasts for both revenue and profit.

• Dividend increased for the 24th consecutive term, with payout ratio over 47%.

Financial highlights

• Operating revenue: ¥84,314 million (+8.1% YoY); operating profit: ¥17,761 million (+4.4% YoY); net income: ¥12,402 million (+2.3% YoY).

• EBITDA: ¥24,666 million, up 2.8% year-over-year.

• Free cash flow: ¥11,518 million, down 29.1% year-over-year.

• EPS increased to ¥260.52 from ¥244.93 year-over-year.

• Comprehensive income reached ¥12,764 million (+1.8% YoY).

Outlook and guidance

• FY Mar.26 forecast: operating revenue ¥85,000 million (+0.8%), operating profit ¥18,200 million (+2.5%), net income ¥12,550 million (+1.2%), EPS ¥267.05.

• Dividend forecast for FY Mar.26: 128 yen per share, 25th consecutive increase, payout ratio 47.9%.

• Mobile net additions expected to decrease to 10,000, FTTH net increase to 4,000, Life Design Service net additions expected to double.