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Financial Statements in This Release Are Unaudited This translation is to be used solely as a reference and the consolidated financial statements in this release are unaudited. Financial Statements Summary for the Year ended March 31, 2021 [IFRS] May 14, 2021 Company name: KDDI CORPORATION URL https://www.kddi.com Stock listing: Tokyo Stock Exchange - First Section Code number: 9433 Representative: Makoto Takahashi, President Date of general shareholders’ meeting (as planned): Jun 23 2021 Dividend payable date (as planned): Jun 24 2021 Annual securities report filing date (as planned): Jun 24 2021 Supplemental materials of annual results: Yes Convening briefing of annual results: Yes (for institutional investors and analysts) (Amount Unit: Millions of yen, unless otherwise stated) (Amounts are rounded off to nearest million yen) 1. Consolidated Financial Results for the Year ended March 31, 2021 (April 1, 2020 - March 31, 2021) (1) Consolidated Operating Results (Percentage represents comparison to previous fiscal year) Profit for the Period Total comprehensive Profit for the period Profit for the Operating Revenue Operating Income attributable to income for the before income tax period owners of the parent period % % % % % % Year ended March 31, 2021 5,312,599 1.4 1,037,395 1.2 1,038,056 1.7 706,605 1.6 651,496 1.8 795,339 19.4 Year ended March 31, 2020 5,237,221 3.1 1,025,237 1.1 1,020,699 1.0 695,401 (0.8) 639,767 3.6 666,161 (2.9) Ratio of net income to Diluted earnings per Ratio of income before Ratio of operating Basic earnings per share equity attributable to share income tax to total assets income to net sales owners of the parent Yen Yen % % % Year ended March 31, 2021 284.16 283.91 14.2 10.3 19.5 Year ended March 31, 2020 275.69 275.49 14.9 12.1 19.6 Reference: Equity in net income (losses) of affiliates Year ended March 31, 2021 : 4,884 million yen Year ended March 31, 2020 : 3,256 million yen (2) Consolidated Financial Positions Ratio of equity Equity per share Equity attributable to Total Assets Total Equity attributable to owners of attributable to owners of owners of the parent the parent to total assets the parent % Yen As of March 31, 2021 10,535,326 5,259,469 4,759,720 45.2 2,091.82 As of March 31, 2020 9,580,149 4,859,108 4,384,424 45.8 1,906.35 (3) Consolidated Cash Flows Cash Flows from Operating Cash Flows from Investing Cash Flows from Financing Cash and Cash Equivalents Activities Activities Activities Year ended March 31, 2021 1,682,166 (658,925) (585,571) 809,802 Year ended March 31, 2020 1,323,356 (610,950) (546,381) 369,202 2. Dividends Ratio of Dividends per Share dividend to Total equity Dividends for Payout Ratio attributable to 1st Quarter 2nd Quarter 3rd Quarter Fiscal Year the Year Total owners of the End End End End parent Yen Yen Yen Yen Yen % % Year ended March 31, 2020 － 55.00 － 60.00 115.00 265,727 41.7 6.2 Year ended March 31, 2021 － 60.00 － 60.00 120.00 274,528 42.2 6.0 Year ending March 31, 2022 － 60.00 － 65.00 125.00 42.7 (forecast) 3. Consolidated Financial Forecast for the Year ending March 31, 2022 (April 1, 2021 - March 31, 2022) (Percentage represents comparison to previous fiscal year) Profit for the Period Operating Revenue Operating Income attributable to owners of the Basic earnings per share parent % % % Yen Entire Fiscal Year 5,350,000 0.7 1,050,000 1.2 655,000 0.5 292.68 *The above forecast reflects the impact of the novel coronavirus based on the information currently available. The update for forecast will be disclosed promptly if the situation is changed. Notes (1) Changes in significant consolidated subsidiaries (which resulted in changes in scope of consolidation): None Addition: None Exclusion: None (2) Changes in accounting policies, accounting estimates 1) Changes in accounting policies required under IFRSs: None 2) Other changes in accounting policies: None 3) Changes in accounting estimates: Yes (3) Numbers of Outstanding Shares (Common Stock) 1) Number of shares outstanding (inclusive of treasury stock) As of March 31, 2021 2,304,179,550 As of March 31, 2020 2,355,373,600 2) Number of treasury stock As of March 31, 2021 28,782,253 As of March 31, 2020 55,464,960 3) Number of weighted average common stock outstanding For the year ended March 31, 2021 2,292,737,610 (cumulative for all quarters) For the year ended March 31, 2020 2,320,621,650 Note: The shares of the Company’s stock owned by the executive compensation BIP Trust account and the stock-granting ESOP Trust account are included in the total number of treasury stock below. As of March 31, 2021: 4,114,964 shares As of March 31, 2020: 4,270,910 shares Explanation for appropriate use of forecasts and other notes 1. The forward-looking statements such as operational forecasts contained in this statements summary are based on the information currently available to KDDI and certain assumptions which are regarded as legitimate. Actual results may differ significantly from these forecasts due to various factors. Please refer to P.10 “1. Consolidated Business Results (4) Outlook for the Year ending March 31, 2022” under [the Attachment] for the assumptions used and other notes. 2. On May 14 2021, KDDI will hold a financial result briefing for the institutional investors and analysts. Presentation materials will be webcasted on the same time as the release of this earnings report, and the live presentation and Q&A summary will be also posted on our website immediately after the commencement of the financial result briefing. In addition to the above, KDDI holds the briefing and the presentations on our business for the individual investors timely. For the schedule and details, please check our website. [the Attachment] Index of the Attachment 1. Overview of Consolidated Business Results ………………………………………………………………………………… 2 (1) Overview of Consolidated Operating Results …………………………………………………………………………… 2 (2) Overview of Consolidated Financial Position …………………………………………………………………………… 8 (3) Overview of Consolidated Cash Flows ………………………………………………………………………………… 9 (4) Outlook for the Year ending March 31, 2022 …………………………………………………………………………… 10 (5) Profit Distribution ……………………………………………………………………………………………………… 10 (6) Business Risks …………………………………………………………………………………………………………… 11 2. The Status of the Group ……………………………………………………………………………………………………… 12 3. Basic Perspective on Selection of Accounting Standards …………………………………………………………………… 13 4. Consolidated Financial Statements and Notes ……………………………………………………………………………… 14 (1) Consolidated Statement of Financial Position …………………………………………………………………………… 14 (2) Consolidated Statement of Income ……………………………………………………………………………………… 16 (3) Consolidated Statement of Comprehensive Income …………………………………………………………………… 17 (4) Consolidated Statement of Changes in Equity …………………………………………………………………………… 18 (5) Consolidated Statement of Cash Flows ………………………………………………………………………………… 20 (6) Going Concern Assumption ……………………………………………………………………………………………… 22 (7) Notes to Consolidated Financial Statements …………………………………………………………………………… 22 1. Reporting entity ………………………………………………………………………………………………………… 22 2. Basis of preparation …………………………………………………………………………………………………… 22 3. Significant accounting policies ………………………………………………………………………………………… 26 4. Segment Information …………………………………………………………………………………………………… 38 5. Per Share Information ………………………………………………………………………………………………… 41 6. Significant subsequent events ………………………………………………………………………………………… 42 - 1 - 1. Overview of Consolidated Business Results (1) Overview of Consolidated Operating Results 1) Results Overview Industry Trends and KDDI’s Position Due to recent advances in 5G, IoT, AI, big data, and other technologies that are driving full-fledged digitization, we are transforming into a data-driven society, one that places a higher value on data than ever before. With the wider acceptance of these technologies, all industries are accelerating toward a digital transformation (DX), and expectations are that this will realize Society 5.0*1 for SDGs,*2 a development that will simultaneously spur economic development and solve social issues. In addition, due to the impact of the recent novel coronavirus pandemic, all facets of life and industry have settled into a new normal, and people are clamoring for an accelerated DX that will facilitate the building of a resilient social foundation that can help prevent the spread of the virus while supporting economic growth. Amid these circumstances, in March 2020, we began offering fifth-generation wireless service under the name “au 5G.” For individual customers, under the concept of “5G for Everyone,” we joined with corporate partners in various industries to offer new ways to experience entertainment, sports, art, and more in the age of the new normal. In addition, we began rolling out affordable price plans that are easy to understand, simple, and a good choice for a diverse range of needs and lifestyles, whether the users are families or individuals. These new plans comprise unlimited data*3 plans for “au” smart phones (“Unlimited Data MAX 5G” and “Unlimited Data MAX 4G”), a simple good-value price plan for UQ mobile (“Rollover Plan”) and a new price brand with free choice of toppings for “au” (“povo”). For corporate customers, corporate DX is accelerating in various industries and business arenas, greatly changing business models. In KDDI DIGITAL GATE, which is a business development base for the 5G/IoT era that supports customers’ DX, and “KDDI research atelier,” which is a survey and applied research base aiming to offer new lifestyles for 2030, we are working with various partner companies to promote the creation of new experience value and businesses that are only possible in the 5G era as well as to help create strong corporate foundations resilient to environmental changes. In August 2020, KDDI and KDDI Research formulated “KDDI Accelerate 5.0” with the aim of creating a resilient future society suited to the new normal. In line with this concept, we will evolve our network layer (including our 5G network), platform layer, and business layer as well as utilize technologies*4 in the seven fields supporting those layers and orchestration technologies*5 to accelerate the realization of Society 5.0, an initiative being promoted by Japan’s government.
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