Q4 2025 KDDI Corp Earnings Call

We have been promoting this satellite growth strategy, which aims for growth that blends into the surrounding area.

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On the other hand, our company has set forth the KDDI Vision 2030, aiming to evolve the power of connection and create a society where everyone can realize their aspirations by 2030.

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In moving towards this step, we believe it is important to accelerate transformation by integrating the core areas of 5G communication, digital data, and AI, and to evolve towards the next stage of growth.

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For the next stage of growth, I would like to focus on two points. The first is the evolution of our ability to connect. We will make our communication network, which serves as the foundation, a strong competitive base for KDDI.

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And secondly, by combining digital data and AI in this upper section, we aim to create new value, and through applying this to each business domain, we will strengthen our company's portfolio.

Especially if that's in economou, Danielle digital data AI OCA callosity at and I'll cut your thoughts facility you go to the atmosphere.

Coriolis, Nick how could your domain and we'll take your food you Destiny. It also on a portfolio of yoga stay at Magnus.

With these two, we will upgrade the power to connect to a new dimension.

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First is the evolution of the power to connect. This is the core of the Satellite Glow strategy, meaning it serves as the foundation of the business.

A mother of Atlanta, which cannot Cinchonine Amos and coated over this next Saturday to grow Sunoco Coop somebody to you on all the data you hinted at a malaria atmos.

KDI has been pursuing how to achieve better communication, with a particular focus on the quality of communication.

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One of those achievements is that we received the number one ranking in the world for connectivity experience by OpenSignal.

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In addition, as mentioned above, we have built over 50,000 sub-6 millimeter wave base stations, which are extremely high-bandwidth radio wave stations, and this is the largest number in the country.

A quiet the economic indicator, because Amazon Gaumond Cook walkway to sub six media. He only call take this near Denver, and Chicago or Scooter remaster, Ecuador, Our cocoa night is hightower hilco to holiday.

The number of 5G base stations has exceeded 100,000.

If how would you like that you got me today about your among cocoa Queda, Oklahoma victorious.

And in the upper right corner here, the domestic maximum sub-6 and millimeter wave communication can be easily recognized, as we have already started implementing the '5G Plus' display on devices, and we will continue to support it sequentially in the future.

So stay economically.

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5G communication is very important, and on the device side, there is a feature called HPUE that increases transmission power for stable communication. We will gradually roll this out to smartphones as well.

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The Sony Xperia 1 Mark 7, which was just announced yesterday, will be released in June and also features 5G HP-UE functionality.

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And here in the lower right, we have announced a new value in communication, 5G AU 5G Fast Lane.

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We use a technology that allocates relatively more wireless resources to the target customers, ensuring a more comfortable connection even during congestion.

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Speaker Change: That's what you deem achiote, Katie Keenan tanagra could hold it against you guys.

Speaker Change: By maintaining the superiority of communication quality, which is the source of competitiveness, we intend to continue challenging ourselves to improve communication quality in the future.

Speaker Change: Now of course, our mono motorist closer going against indebtedness switching changed your immuno USA or Kansas State and might it somebody that's now Congo more switching in Houston.

Speaker Change: Theyre not a competitor recommitted chosen because we get data clinical criteria.

Speaker Change: And in terms of ramping up communication, we have au Starlink Direct. We announced that we will provide the experience of being connected anywhere the sky is visible not only to au customers but to customers of all carriers.

Speaker Change: And as I said switching like Yada Yada I could take a you got to do a study in good director or the good day mass.

Speaker Change: Sorry, I got me Eduardo Chordoma Tanaka Toyota I came on as a year that could be enacted.

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Speaker Change: Thanks to your support, we have received many applications from both our paid mobile users and users from other companies.

Speaker Change: Because of some other Disney UQM, a wider user ariva touched on the use of some Oklahoma. This year most of them you all with that idea or demos.

Speaker Change: During the Golden Week, we had 40,000 users per day, and since yesterday, we have also started supporting the iPhone 13 series. By June , the number of supported devices will exceed 8 million.

Speaker Change: Well go to them a picture of his knee HMA it energy or money that you go to your rate that I can muster chi so could your theory iPhone 13. She leaves a modest net are you at all.

Speaker Change: She must've are there because that's when you are heartbroken Monday, Israel or tie your kitchen.

Speaker Change: Txdot eco today it goes Amos.

Speaker Change: We believe that the expectations and trust from our customers are fundamentally tied to our core business of telecommunications. Therefore, we are committed to focusing on this area and continuously refining our telecommunications services, which form the foundation of our offerings, without deviating from it.

Speaker Change: Well, just homochronous ne X day in date of human or the snake Hangzhou that attrition you could cut digital notary muscle the Coco to study a calamity salaries and other data another especially in Europe, whereas at the knee. We got hit we got yogurt Eco Tor, let's guy at Atlas.

Speaker Change: And then, by adding new value to communication with this high-quality network, we will evolve our multi-brand strategy.

Speaker Change: So citizens Conoco, He's no network, we need muscles in audit and I'll cut your quiet there or whatever you know multi brand authentic and corrosion cause us a de minimus.

Speaker Change: With the idea of 'continuously connecting more,' this refers to the communication quality and high-quality network that serve as the common foundation for multiple brands. On top of this, we will add features to AU that fully embody the value of security and safety as the main brand.

Speaker Change: And the more towards luggage bottle you would go to the listener.

Speaker Change: To a more manageable in the chosen although data switching he's cohesin network or such that you must give them all a conveniently AUR named brand of the Shinto arching angina cuts your or my German Italian Corona.

Speaker Change: Oh my goodness.

Speaker Change: At UQ Mobile, we aim to deliver simple and valuable services, and we want a wide range of customers to use us as an entry point.

Speaker Change: But our Youtube mobile video this ne ashamed for their auto quote so it gives a little so its a catch all those gifts and I've got it isn't there.

Speaker Change: <unk> introduced citizen, Yeah, Hey, how about you don't grow or somebody else greater appetite for.

Speaker Change: As for povo, we aim to build these three multi-brands with the value of being online-only and allowing for flexible add-ons.

Speaker Change: So stapleton pavan its key muscular outline senor, the mud unit of being vacated or you're in a car today and of course, the Ah <unk>.

It's not a multi brand or awkward extramarital at almost every month.

Speaker Change: And then, on top of that, especially with AI as the key, we aim to create new value through its evolution.

Speaker Change: So citizens.

Speaker Change: With me or my talk when you just Nick I'll get on their AI Ecology, Inc. Disney Atletico dual source to stake out your call today.

Speaker Change: The communication infrastructure that we have been building daily is accumulating a lot of digital data that is overflowing from this business.

Speaker Change: Hey, everybody good listening habits could I get the HDD mass, especially in Cuba, and you have this ne.

Speaker Change: Yoga O'malley I forget did agree to this is that it took some time at the FDA, but he must.

Speaker Change: As you can see below, we not only have digital online touchpoints such as communication lines and services, but we also own offline channels such as au shops and Lawson. By connecting the data that comes from these sources with AI through communication, we can achieve what we call hyper-personalization. This means providing life support tailored to each individual customer and offering solutions to transform the operating models of corporate customers. We believe we can provide these solutions.

Speaker Change: I know you only this neighborhood or a no touch somewhat switching guy, saying as harvester, you're my dad started online acceptance that Gideon Actavis name.

Speaker Change: A sharp we are also not in or who don't understand the remote for Ya study must know their mass also took a look at our did accrue data to this new AIA cornered our skeletal tuition at the Nogales ecotourism there yeah. It was actually done on the high power pulse of the raise at all even though you must get them all.

Speaker Change: You all took some are coaching no jokes ammonia. This next thirty-three knee or is water.

Speaker Change: I support or who did not get so many others, how cookie also resulting and most of them are now operating a moderate this thing well know henkel cardio solution, where would they go they give it to you who need Congress or the musk.

Speaker Change: We have announced a concept called AI Market, and the idea is similar to the early days of smartphones when customers were wondering what they could do with them. At that time, we launched the AU Smart Pass, which allowed customers to download a curated selection of applications, creating a place where they could choose apps. We also implemented a revenue-sharing model with content providers, which was mutually beneficial and helped expand the service. We aim to do something similar with AI.

Speaker Change: They consider our AI market with a Newcastle or my associate director he must get them, all well kind of like auto she muscular this name and so most of them are they making knee jerk stomach or sell it or some other home lending at scale and Dorado you.

Cordova and you must have a demo games inside it application want isn't there for the whole day to another my a smarter puzzle all towards the KC. He says the data later this year I'll give some color to the tour I put he got elaborate on but in order to Tony this knee cocoa denote the venue or contents and I'll provide a summary for this name on a revenue share. So little you got 30 day.

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Speaker Change: When customers wonder what makes AI beneficial, we want to gather such applications and create an environment where the partners who come together here can also grow.

Speaker Change: We took some of the AI to 995.

Wish you know cannot you took any this knee so at our application of ultimate Echo Kony at another great partner, knowing that someone human listener and aceto or stay Kaduna Congo awkward state automotive Oems.

Speaker Change: Additionally, we recently announced an RCS messaging service, and we are planning to release an AI chatbot utilizing this service soon. We aim to make AI more accessible and closer to you in your daily life.

Speaker Change: No there's no changes to the happiest Ashley Thank you Mister auto shifts to your messages, obviously got it and just get them. All now quoted ocasio, sorry, AI AI chatbot or in Italy, tomorrow or can you do need to restate our notary Ms day.

Speaker Change: This name O'dea your motto.

Speaker Change: Toyota music listening or it's great that I get it that you could do or if they monetize or 30 months.

Speaker Change: This is aimed at corporate clients, and we have contact with approximately 400,000 corporate customers, so we have accumulated knowledge about our customers and knowledge specific to each industry. By utilizing this, we are currently starting with areas such as retail, logistics, and BPO. We aim to refine aspects such as streamlining store operations and enhancing customer experiences and shopping experiences.

Speaker Change: They put it out of this and they're holding is one of them would get us get them all matassa Yahoo. Young soo much I know, who as you know it took somewhat on a sad thing of course, they must not there well just so many consider analogy macaco goes who got on on that age do you know that <unk> is highly 30 months.

Speaker Change: Our social casino Snuggled up this new airports and air you Mustn't agitator, the saka logistics GPO or closer to coda cardiomyopathy Hajime Jimmy Digital corridor, there must carry them all my tempo Norma N O showed up Chris Luca will took some are not taking came on ortega and not put it at all and of course, it'll grow or maybe like yogurt Terra a magnetite unique unlike dealing with.

Speaker Change: We are steadily advancing the construction of a platform to provide AI services. As announced, we signed a sales contract for the Sharp Sakai Factory in April , and we aim to fully operate it as the Osaka Sakai AI Data Center within this fiscal year. Since it will be fully operational, we have already placed most of the orders, and we are in a situation where we can start testing around the middle of the year.

But that isn't the AI OCI resources take us at a coupon of coach grew more chocolate you to necessarily take it or you go to the listener Echo Ted I'm Altmark Ipos territory. This nice she got to the knee.

Speaker Change: Sharper Sakai causal noticed nobody bike air cool take a semester listener Congo, Osaka Sakai AI data Center you go to the Continental Juno Hong Kong Cuddle want me that she must.

The hunger color this not him or her to stay or do you must day knockabout. Good I got all of the center store or has he made a little joke.

Speaker Change: Yes.

Speaker Change: And the big point here is that Google's Gemini can be provided on top of the GPU platform at the Sakai Data Center. For those who are familiar with Google Cloud or the Gemini environment, you can use it in KDDI's secure environment. It is provided so that it can be used as a so-called sovereign AI that retains data domestically.

Speaker Change: So she is an economic or a point to where this is a good idea at the center and a winner on the GP no coupon no many a Google or Jimmy and you've got I'll take your secret it or you go to the Eagles they must stay in.

Speaker Change: Oh I'm, a Google crowd all this because I mean, you know Congo noted our cattaneo this near K today, and I'm Gonna take you Ana can get on with it.

Speaker Change: It's great I get it all a coker 90 data or the state of my way to so bringing AI to stare at Sky Italia Kt only take yours to meditate on materials.

Speaker Change: We will continue to promote satellite growth, focusing on the initiatives we have discussed so far, aiming for both business growth and the enhancement of corporate value.

Speaker Change: Marco Dimatteo, how sticky muster in that particular tools you need us.

Speaker Change: It'll grow Soma. So as you know still 90 much there as you say total like yogurt, shneur or cause or cannot loading all of them as I said my name is.

Speaker Change: As stated in the issue, we are evolving our connecting capabilities, and on top of this, we are integrating data and AI. Within this context, I will be personally involved in areas such as advanced technology and new business creation as a direct organization under the president. Based on this, as indicated on the horizontal timeline, we intend to advance our initiatives towards the next mid-term.

Speaker Change: Hi, Danielle he must be only much notes and I'll, let Scott I think as I stated, though you could talk cannot really listening data tall oak ocular fatigue with yugo today, because they must stay and a canonical day mother's day same Tang users. They forgot he was thinking youre supposedly so people who are on the shutdown or to cut first cluster of positioning our security total Satsuma you.

Speaker Change: No theyre non core or not only the snare you couldn't.

Speaker Change: You're going to go catering must've got Skinner choking them and get that authority Camille Oximeter My title.

Speaker Change: We are committed to being a company where each employee can be intrinsically motivated to take on challenges, and where they can passionately engage in these challenges.

Speaker Change: Now of course, that's what I'm, saying, what Disney Shanghai was 33, he got his name and I had sticking equal Jos Antonio most of them are out of Yucatan of committed and with journey and to authenticate a case that you could pull or kaka Ted if you look at it it was a must.

Speaker Change: We would like to create the future not only with our passionate employees but also with all of our partners, so we hope you will look forward to the future developments.

Speaker Change: And would you say.

Speaker Change: That gives you an extra there's no pattern unless somehow anomia cemeteries, Sony listener mediocrity maritime and we must not there.

Speaker Change: <unk> communicated I E. Okay, Oh, it that I gave I thought my math.

Speaker Change: Now, I will explain the performance for the fiscal year ending March 2025.

Speaker Change: And so there so they can muster and usually when there is hunger youre thinking at retail because it's in the air It actually was.

Speaker Change: The consolidated financial results for the fiscal year ending March 2025 show increased revenue and profit, and are progressing smoothly towards the final year of the medium-term management strategy.

Speaker Change: And as you go next and then it gets it give us like you are those shoes are likely to occur in the organization and then you'll get the agent journey into Costa Verde must deliver.

Speaker Change: The sales on the left side are 5.918 trillion yen, with a year-on-year increase of 2.8%. In the middle, the operating profit is 1.187 trillion yen, with a year-on-year increase of 16.3%.

Speaker Change: Yeah, Gotta Guava, Guacharo, accusing shakuhachi Jochen there year on year put us Anita hotspots in top line.

Speaker Change: Oh, the AQR E. Jos is saying, how green hydrogen and Alcoa and the yeah ammonia price to Jude octane Sampa Central <unk>.

Speaker Change: The registered profit attributable to the owners of the parent company was 685.7 billion yen, and the family fortune increased by 7.5%.

Speaker Change: He got where guys are not show user niches, Oxford, Torquay AQR locks in agriculture, and in Oakland that year on year process, not a thing called power Center that you must not.

Speaker Change: Next, the factors for the increase or decrease in consolidated operating profit.

Speaker Change: So, giving you cannot even get to no ego Dirk you know dogging you in there it goes Amos.

Speaker Change: With increased revenue from communication and steady growth in focus areas, along with Lawson's strong performance, profits are increasing.

Speaker Change: So she helps you in your Humira edge judo cause you always hear this nature could you tell me is it your she Mustang, but I also know of course are not commodity much of this nature. So it stood at 30 months.

Speaker Change: On the left side, the group's MVNO revenue and Rakuten roaming revenue show a year-on-year decrease of 13.2 billion yen, while the multi-brand communication app revenue shows an increase of 6 billion yen.

Speaker Change: He said he got what he thought he got a group of <unk> and Meridian Ocean you locked in roaming issue in your whether it's Nate young year minus notion axon Junior grant.

Speaker Change: Multi brand on a Tuesday option, you are put us nodal because euroclear.

Speaker Change: A total of 17.7 billion yen in profit from the financial and energy businesses combined.

Speaker Change: It can years ago in the Rockies, Hugo I'll acetate prices Nighthawk and energy and in Oklahoma.

Speaker Change: Lawson's equity method profit is a positive 19.4 billion yen.

Speaker Change: Both automotive and body Ikea for Us Nighthawk accuse you of Yamal Grant.

Speaker Change: And then there's DX, with the business segment showing a positive 15.4 billion yen. Additionally, due to increased technical costs and other factors, it amounts to 1 trillion 118.7 billion yen.

Speaker Change: Because of the excess maybe near Sacramento up for US how can go Giuliano Kent, you've got today, it's almost got a user.

Speaker Change: Although the ammonia must it it.

Speaker Change: Joe is saying how couch it in Oakland, you could donut themis.

Speaker Change: In the fiscal year ending March 2024, there was a provision for the telecommunications business in Myanmar. Excluding that temporary impact, there is an increase in profit of 38.1 billion yen.

Speaker Change: In each of your names hunger to Q I, just named Myanmar to Shinji, given last year, I think because they must stop sooner or ignore it is the key AQR knows what he must him with his name Thunder graduate Yoga and no. Although it did you call today it was a must.

Speaker Change: This is a reflection on what I just mentioned.

Speaker Change: And I got to that most of them are star are pretty good at it it was a must.

Speaker Change: As shown on the left, we continue to build a foundation for increased revenue from communications and ARPU. In finance, energy, and Lawson, especially Lawson, the synergy with Ponta Pass is becoming apparent. In the area of DX, focusing on growth areas, we are seeing increased revenue from IaaS and stack, which will drive growth.

Speaker Change: And then he got anywhere they must be yoni searching a Apis union negotiation showcase because she can you and litigate ozone.

Speaker Change: Coconut or talking to you said also a point of personal she knows you've got Atkins I call yesterday, he must dig some of this new grows so do you like your Jewish Interstate.

Speaker Change: Yeah. When you are stuck at that at those shoot Cordova aceto. Okay. Most of my name is.

Speaker Change: On the right side, shareholder returns will be conducted through flexible share buybacks, with a total acquisition amount of 400 billion yen.

Speaker Change: I mean, you are listening covenants Congo or listening.

Speaker Change: Quito technological accomplish kinoshita Coke and I must say, it's all acoustic whatsoever quite honestly I'm going through all that much.

Speaker Change: Okay.

Speaker Change: Next, I will explain the outlook for the current fiscal year ending in March 2026.

Speaker Change: And it seems like you must stay in Israel, and San Gartzke, Keno on Hitachi and city ecosystem here at Atlas.

Speaker Change: In this term, we will continue to promote the satellite globe strategy and aim for further increases in revenue and profit.

Speaker Change: And I Couldnt you are listening to the case have tried to grow send accrual or sushi Decimus state set another those shoes orrick, you're asking us.

Speaker Change: The sales on the left side are 6.33 trillion yen, with a 7.0% increase for Kaunya. The consolidated operating profit is 1.178 trillion yen, with a 5.3% increase for Kaunya.

Speaker Change: He said he got the idea that Golar look Jos and then some that ocwen yellow iron ore processed none attends Europe are central to the Haegarda AQR. It Joe is saying nalco, how digital can.

Speaker Change: You're only a plus not gotten samples internal joique.

Speaker Change: After that, the net income is 7,486 yen, and we aim for a 9.1% increase in profit with earphones and other positives.

Speaker Change: So we've got I totally dig you analysts and Jaco had yoga and you're only a personal E acute in each bar centaur not like your music service.

Speaker Change: This is the key point of the operating profit. The main factors for the increase include the rise in mobile revenue by enhancing the value provided, primarily in communications, the continued growth of financial energy Lawson, and the growth in the DX area centered on growth domains. Additionally, we anticipate profit increase effects from technological structural reforms.

Speaker Change: Echo ego dig in or <unk> 29 months Omar adult coloring does she must day it searching our tuition to start taking look at your to accommodate Taco medical to denote mobile issue Nuzzo. So sticking you in litigate also not a case of Costar aceto.

Speaker Change: Grocery like you're just interested as the excellence here Tony quiet. It gets goes okay, Kaku Nyota Azoic Kokomo Makonde Mighty mouse.

Speaker Change: As for the factors contributing to the decrease, the revenue from Rakuten roaming has already been factored into our plans. Along with this, we would like to proceed with giving back to our partners in anticipation of a virtuous economic cycle in the future.

Speaker Change: But again, so you weren't as most of our locked in Omega shooting at Cordova no more origami immediate kick off if you didn't know that was a muska sorretto, Tony listener homegrown, all KSA and a closure and canyon, Mackay master and or partner or somewhat in okung into human them all cannot monetize totally muscle.

Speaker Change: In the personal segment, we aim to enhance the connected experience value for our customers and achieve business growth by improving lifetime value.

Speaker Change: Ill pass it on a segmental just get them, all or some or not snuggled, taking catchy or syngas acetate, a lifetime value of call Jon Yoder, Gio say, Germany as I stated my name is.

Speaker Change: On the left side, we will create new value by combining the world's No.1 rated communication experience with KBDI's unique services.

Speaker Change: He said he got switching Tiger I think I heard a number on a Tuesday, and Thursday gave you very narrow down the zalviso or set to stay at or actually got Joseph Citigroup.

Speaker Change: On the right side, by maximizing revenue and connecting with our customers now and in the future, we will improve the cancellation rate and achieve further growth in communication plus added value.

Speaker Change: You guys just get it the more they recorded on your seriousness Unionist holiday cutoff at all Jack Terminal you might Dakota economy, now that you've got on your debt <unk> equity smoke haze in Ottawa. This net searching process. Scott you know set another say George it's against it my goodness.

Speaker Change: Next, I will explain the mobile revenue, which has been newly defined from this term.

Speaker Change: It's a guinea, a clunky Ot destination tag it on 19 muster mobile it has shown you got.

Speaker Change: It's the only touching us.

Speaker Change: With the recent service revisions, various values, including the Ponta Pass, have been incorporated into the plan.

Speaker Change: Compound not service titanium tamanaha muster.

Speaker Change: The vessel has he met some of them are not cut you got a put.

Speaker Change: Put on e-commerce can be commodity or the muscle.

Speaker Change: Along with that, we will change the definition to mobile revenue, which includes inseparable added value that has become inseparable from communication revenue.

Speaker Change: So when I must've at Sushi, Shunyata, Scarborough and unit that Scotty.

Speaker Change: T mobile has shown you the U S.

Speaker Change: Today I take your hand go eat as much.

Speaker Change: On the left side, mobile revenue for the fiscal year ending March 2025 was 1.8501 trillion yen, showing an increase in revenue.

Speaker Change: He said he got let us get to the mobile and issue a new Oh, what's like your Destiny is you're gonna Asanga T. D. E. Shaw has soon go ahead grew Ethiopia and there is also a day because they must.

Speaker Change: This time, by incorporating value provision with integrated communication load value, we anticipate further growth.

Speaker Change: I Couldnt hear the sneer switching scorecard E tied in or cuts take your EBIT.

Speaker Change: In the quarter. This had a nice H O and costs taking us.

Speaker Change: With the revision of our services, we have redesigned our multi-brand strategy to offer attractive plans for each brand that cater to the diverse needs of our individual customers.

Speaker Change: But as I described their annuity much de Medici, but understand human authentication mustache or Jack summer Ah Cocomo Matteo on anything unless it that thought the listener kaku Brandon No Miracle auto put on lot 10, guys stay at my remarks.

Speaker Change: In addition to improving the cancellation rate by enhancing the appeal of au, we will continue to work on making the transition between the au and UQ mobile brands seamless and flat in real terms.

Speaker Change: Can you kind of echoed eternal archives any choirmaster listening.

Speaker Change: So you accumulate in Idaho, we don't know kind of what you call hold off road for that took a stake they said they forgot to caustic, though you could do more if it gets as a key metric when they might be months.

Speaker Change: This is a hero that provides the value of unlimited use with peace of mind.

Speaker Change: Yeah of course, it always isn't there at Sky Hodeidah Anqing Knockouts, Y'all take yasuda au because amos.

Speaker Change: The pillars of the plan are the two on the left: the new Value Link Plan and the renewed Unlimited Max Plus Plan.

Speaker Change: Put on Assadullah I'll put it on a critical because I'm a story he that statistic because I must say she can put a note about iridium could put onto the new address that sky Jose macro stress put on this because they must.

Speaker Change: We have included unlimited data communication and value that ensures peace of mind when outside the prefecture or overseas in our plan. As you can see, there is a difference of 220 yen depending on whether you have the Ponta Pass or not, so for those who want the Ponta Pass, we recommend the higher Value Ring Plan.

Speaker Change: That attrition Sky Jose a king Guy a guy Guy did not understand it and I Gotta catch you off guard at all or put an estimate on your musket at them all and let me data because he must doritos and or contact US No Ali yesterday and your Canadian knows how this gotta dishy at all on the peso city because all of this knee when nobody link, but on all of us and it indicated.

Speaker Change: Almost 30 months.

Speaker Change: Based on these two, we offer AU's financial settlement services and Real AU invitations, and for those who want to enjoy entertainment, we hope you will choose the respective set plans.

Speaker Change: Especially I don't have that obesity destiny can you guess I service. So they cut up no. They are in a AUM and they've got to Disney So you've gotta into.

Speaker Change: And as you can take it over as a result, it nor was it another paramo or did I read that I gave I thought it was.

Speaker Change: Next, regarding UQ Mobile, we have consolidated it into a simple and cost-effective two-plan structure.

It's beginning Youtube mobile at this scale at the more machine parole midnight you got an issue.

Speaker Change: In Peru, there or talking to.

Speaker Change: He put on course, Amy sugarcoat, it actually my staff.

Speaker Change: This is the Left-Side All-Inclusive Plan Value, and by adding 5 gigabytes of data, we offer it with a Ponta Pass set for a maximum of 35 gigabytes.

Speaker Change: And he said he got Kumikumi put him Buddy who they scaled them all data Iot Akagi got a recast of the total ammonia standpoint, the bussell or hit finished the Saidi, San Diego gigabyte or there anything take your oil customers.

Speaker Change: Additionally, regarding the Tokutoku Plan II on the right side, we will add 15GB of data capacity, providing up to 30GB.

Speaker Change: I mean, he Ghana pocketbook put us put onto this new car T. Lansky must deliver data yoyo jugal gigabyte at CECO at Mustang site as Hunter, you've got it hey.

Speaker Change: I'll take your edition mice.

Speaker Change: Additionally, both plans are designed to allow you to use AE Sterling Direct advantageously.

Speaker Change: The Europa antimony listener, a starting a director with O'connor auto couldn't go to yoga, it'll aikido and Easter because they must.

Speaker Change: Furthermore, we would like to inform you again about the improvements to the existing plan.

Speaker Change: No and the Keystone, but on the guidance can you must be a atomy tiguan nice title on my math.

Speaker Change: And I would like to introduce you to one of these values, the Ponta Pass.

Speaker Change: So security undercut you and I stood still another point I personally see demand go smoke I always hesitate to give us.

Speaker Change: The photo on the left shows that since starting the incremental count from October , we have gained an impressive 210,000 members. Our collaboration with Lawson has been particularly successful, with a total of 25 million customers using the service, creating a great deal of excitement.

Speaker Change: Today, you guys estimated a more open top us yogurt scatter distillate at the mall at June is also the case you stick it up put us Nishu itchy mankind, a court order because they must tornadoes on Sentinel link Giga. So of course, they pretty much they talk they know Margo Joe said it all took some others in the Norway anything go ahead combined tie hang Ao.

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Speaker Change: We aim to further accelerate this momentum in the current period and achieve a net increase of 1 million members.

Speaker Change: Illinois, Kyocera, a clunky microscopy is actually much the general process, how come out hanging on me as I say it almost 30 months.

Speaker Change: On the right side, it describes further expanding the foundation of the connection between communication and Lawson.

Speaker Change: Let me go a isn't there.

Speaker Change: Or also knows it and they'll keep on all Salonika diagnostics Eco Tau because I said it was a must.

Speaker Change: Additionally, regarding Lawson, this fiscal year marks its 50th anniversary since establishment, and various business performances have been progressing favorably. Along with this, we have been implementing various collaboration strategies with different managers.

Speaker Change: But isn't there also needs you must have a clunky solely to go just to name a guarantor Hugo today and some of them are not Ah.

Speaker Change: My coach coach goes would you a cultural or so he says that the money some of them are not actually I do not engaged a coconut their myeloma.

Speaker Change: Also, as you can see on the right side, we have a new management policy called 'Lawson Group Challenge 2030.' In order to achieve the next stage of growth towards this, we promise to strengthen our collaboration and support, including technology, to realize business profits.

Speaker Change: But I mean, you've got you must be only after a careful dose group, which are indeed, numerous I'm not even one of them was they must know the court's ruling and we'll get it figured out.

Speaker Change: Hey, John it's getting them to get to this in the K today, Sara needing Kyoto cashew muster technology or have you made to start negotiating oh, yeah, because folks title Oh my goodness.

Speaker Change: It's about the financial business.

Speaker Change: And can you just go and say to this.

Speaker Change: On the left side, the operating profit for the fiscal year ending March 2025 was 40.6 billion yen, representing a growth of over 20%.

He said that he got a what I can usually when there's hunger ego you got your own chocolate Aqua Aqua into Egypt percentage or not sage or thought they can muster.

Speaker Change: On the right side, the total number of subscribers has exceeded 1.5 million for the invitation plan, Plus.

Speaker Change: And you got a big.

Speaker Change: KK accessories, how can cause you to remind me of top of stop Monica to Fran put us.

Speaker Change: Using this as a hook, we are growing primarily in the personal banking and credit card business.

Speaker Change: Cordell, who could it isn't there a huge event ginkgo critical a critical biological jewishness H O stay at what he must.

Speaker Change: AUPAY's gold membership has also surpassed 1.5 million members.

Speaker Change: Yeah go to the au pay in our Boulder Canyon, where this could go through my Oh four per se.

Speaker Change: Furthermore, we aim to accelerate growth with the support plan announced this time.

Speaker Change: Suddenly conga half goes to put on your seriousness championing a T S. H O orca sarcastic data on like 30 months.

Speaker Change: Next, the business segment.

Speaker Change: So is it a business segment 29 months.

Speaker Change: Focusing on highly profitable and robust communications, we will shift resources to the growth area, which is the high-growth digital infrastructure sector in the IT market, and aim for high growth.

And she actually took a coconut associates, who need us now ITC, Joe demo course, agile digital coupons yokes not grossly Kissner corridor study a component, but it is also a shift to state. It in case. They told me they stay at my goodness.

Speaker Change: On the left side, many added values of the growth area are written, and we will realize a virtuous cycle that enhances the lifetime value of communication, which is the base area.

Speaker Change: He's already got any listener a good also the Oregon, Oregon, I forgot catchy acreage because they must carry the more correlated isn't there a basically would you argue that it's actually not lifetime value Codelco co. Joseph said, a cogent Gung Ho Gangl state Mighty mouse.

Speaker Change: On the right side, the growth area, sales for the fiscal year ending March 2025 have increased by 17% year-on-year. The market growth for the digital infrastructure area was about 8%, so we are expanding at a growth rate that exceeds this.

Speaker Change: But I mean, you guys are scared them a gross video Hickey, a Michigan is hungry to do yoga yellow near their presses Juniper Central Laboratory Mustang and all they started chemo Android kinoshita Osage or quasi Yokohama power Center, there was Amazon the Codell well notice nature is that air cargo diode study muscle.

Speaker Change: We will firmly address the demand in this market and further accelerate our growth this term.

Speaker Change: Cost us as you all know Gee almost critically musty, a clunky is R&D Saratoga success at day 90 months.

Speaker Change: Yeah.

Speaker Change: This term's sales growth aims for a double-digit increase, focusing on the growth areas. In particular, we aim for an increase of approximately 50 billion yen in total, driven by high-margin IoT services and data centers.

Speaker Change: They continue with like I say, a joyous grocery Turkey, a ultrashape <unk> shemesh, Dave stuck at a dose of York necessity must took.

Speaker Change: Total knee equaled the acreage in all Iot services critical data center got isn't there a king of she must take okay. The Yahoo.

Speaker Change: Coke and those ore shoot.

Speaker Change: Following that, there are thriving digital businesses in new revenue bases such as security, facilities, or businesses like Starlink and drones, resulting in a total revenue increase of approximately 90 billion yen.

Speaker Change: So they've got everything attache issue at coupons on our security facility or you are starting their own dollars year on year, but isn't at all saying that they started yoga because they must know their coco de a gawky yaacov <unk> coker and not those shoot.

Speaker Change: After that, we anticipate an increase in mobile revenue by enhancing communication value, which will also expand the base area.

Speaker Change: So, regardless, ne basically, Turkey, if and or switching a cut you ought to come at a more wireless unions all day to day basis.

Speaker Change: Okey Doke Kaka Daimon may come to us.

Speaker Change: Through these steady efforts, we aim to achieve the profit increase target for this term.

Speaker Change: Costa I'll call. It an auto could you do naturally coming out the listener conquian. Although he came up short notice at all I mean as I stated my name is.

Speaker Change: The IoT data center surpassed 50 million lines last fiscal year, and aims to expand to 57.5 million lines this term.

Speaker Change: Iot data center, either because they must they took and she's already got Disney Sacramento or Doug was saying goes you know mankato because in one case on potash there what he must get them all Conchobar Korea, all goes in and I hope it goes through a mango smothered Kaka Dio mutation us.

Speaker Change: It says 'Connectin', but PCs with pre-embedded communication have been launched since January of this year, and five manufacturers have already started selling them.

Speaker Change: Cook County, a connecting Takeda was there must've got atticotomy listener, finishing pushing more immediate decided that because that's a picture of this new hotel Shneur, It's you've got to get our archives University of Sydney Comerica Summer day, and by Okc that I'd tell you must.

Speaker Change: For end users, it is a product with high expectations for future market growth, as they can use it without being conscious of successive communication charges.

Speaker Change: And the user know took so many others it forgive the keno and auto Ginocchio HQ state I've gotten a clue, who you already did I get it or you go to the majority of this in the Congo know she's dosage or no Katanga Takeda.

Speaker Change: Sure she need not they're able they must.

Speaker Change: We will continue to expand that PC.

Speaker Change: Like what kind of Muslim a PCE, nor or how could I owe you a stimulus.

Speaker Change: The right side is the connectivity data center, and it is steadily expanding and extending in each region.

Speaker Change: And you guys listening in connectivity data center are they scaling the more or kaka cheeky that agent joining acre could I ask your state, but he must.

Speaker Change: In addition to being number one in connectivity in Europe , we have also established the number one position domestically in Thailand within two years of opening.

Speaker Change: Oh sure they don't listen our connectivity number one choirmaster.

Speaker Change: Congress type tiny Ticketmaster, a coyote and at our cocoa night number one O T or could it actually master.

Speaker Change: We will continue to strengthen our foundation with the goal of achieving 200 billion yen in sales for our data center business.

Speaker Change: And a question on data Center do you go with this niche pieces of key we'd argue that guy and he say, Oklahoma as I say at Keybanc your goal to get it right enough.

Speaker Change: And by establishing a new business foundation that supports the AI era and accelerating business growth, we have noted security on the left side here.

Speaker Change: So stay AIG and I also say to other tenants you're Keybank agreed to see as you go Saratoga, So considered or you would go to their airports. It out he that he got into this new security in Italy that excise Ticketmaster.

Speaker Change: Following the complete acquisition of LAC as a subsidiary last year, we have begun discussions with NEC to collaborate on the development of the largest-scale cybersecurity business in the country.

Speaker Change: And if I can handle that all kind of ankle biters takata and it seems like you must be listening contrary cocainize heyday coupon of cyber security as you go in the tank going to eat it and he sees some adult children at Cantor Casey It actually muster.

Speaker Change: Together with NEC, we will combine the strengths of both parties to jointly build a purely domestic cybersecurity infrastructure.

Speaker Change: And then she is untoward polonius, ne Yosano Tuomo calculus at June cookies are not cyber security Keybank. All total coach grew its de minimus.

Speaker Change: Furthermore, on the right side, we will continue to implement cutting-edge technologies that solve social issues, such as drones and Starlink. However, these are being deployed in various use cases such as the construction industry, shipping, and disaster prevention, and have also contributed to revenue expansion. We intend to continue expanding in the current term as well.

Speaker Change: But I mean, you've got lettuce, and Theyre doing a study group or another much haegarda, you'll kind of get through.

Speaker Change: So there is no saint unclear to know or the sauce and a de minimus.

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Speaker Change: Next, regarding shareholder returns.

Speaker Change: It's a give me a couple of Mr. Cangemi ATI today goes Amos.

Speaker Change: KDDI is committed not only to EPS growth but also to successful dividends and continuous dividend increases.

Occasionally Eva E. P. S. A journey a quite a high dose Ecuador, linzo, because all her anymore with our Oems.

Speaker Change: We have continuously increased the DPS in line with sustainable profit growth.

Speaker Change: So they can at least say exa, joining allstate DPA small.

Speaker Change: Looks like you need to commit they might you might stop.

Speaker Change: This term's DPS is 80 yen, a 10.3% increase compared to the previous year, aiming for 24 consecutive periods of growth.

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Seamus: In Israel Young at Enzo St Joe, Missouri Seamus.

Seamus: Additionally, a resolution was passed to cancel the portion of treasury stock that exceeds 5% of the total number of issued shares.

Seamus: But that has caused any color schemes also know Gopal centaur equator. When logical covers you know shorter cool or kids eat as much.

Seamus: In addition, we have resolved to acquire treasury stock with an upper limit of 400 billion yen, and to conduct a tender offer for treasury stock with an upper limit of 350 billion yen.

Yeah. So look we always say, Oklahoma, Georgia into Star Judo, Kawecki staccato synergy something work Oklahoma's organs.

Seamus: Look I wish you know Coca Cola at scale.

Seamus: Each day at what he must.

Seamus: Based on what I have explained so far, I will talk about EPS, which is an important goal of the current medium-term management strategy.

Seamus: Yeah, Cory mother, Ngos hits, the magic that could overnight. It a gang juki case endocrinology, you'll make sure that it EPA since it did not show at Atmos.

Seamus: For the final fiscal year ending March 2026, we are considering achieving 1.5 times the level of the fiscal year ending March 2019, which has been our target.

Seamus: S issue and then there's another easier opening in Shanghai to cure Mark shorter sticky Mr. Zagunis hunger to keep pace.

Seamus: Goodbye convergence again also root.

Seamus: To achieve this is an unwavering commitment that we will carry forward as a new management structure.

Seamus: Commodity answer to go to a listener attache Kate I see it the same acacia pseudo Iraqi night issue, they're able they must.

Seamus: By balancing business growth and shareholder returns, we aim for 1.5 times EPS of 194.38 yen.

Seamus: The Osage auto covenants Kung and majority minority.

Seamus: Goodbye EPS crocuses Jan them somehow general Ms ICP Ms.

Seamus: Additionally, through these efforts, we will also achieve improvements in capital efficiency.

Seamus: But I put it onto Rico, many already much day. She homecourt, it's no okay, they're more hours a day at the analyst estimates.

Seamus: For the fiscal year ending March 2026, we aim for an ROE excluding the financial business to be in the 14% range.

Seamus: You should organize around that.

Seamus: 10 years ago, and it was a good out or you are a young person today all of them as I state, Oregon right there.

Seamus: Yeah.

Seamus: Finally, I would like to talk about our efforts for the future.

Seamus: Aside when you get out to the community on a Saturday they can miss.

Seamus: We aim to continue creating unique value that only KDDI can offer, provide it to our customers, connect it to appropriate compensation, return that compensation to all our stakeholders, and reinvest in the future, striving for this virtuous cycle.

Seamus: Katy there in Arizona, the snare catches up with your <unk>.

Seamus: So you'll go take your silicon today. It takes it's not taken it as it gets and I get it. So it's just gonna take all of this and they take over that I mean, that's how many conga and sheet, but that mirror animals hydrocele throttle quadrant.

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Seamus: For example, we aim to engage in appropriate transactions with our clients, and in terms of labor costs, we will adhere to the guidelines issued by the Cabinet Secretariat regarding the proper handling of labor costs. Additionally, we will provide operational support to the agencies that support our communication services. Through these efforts, we aim to grow towards the future.

Seamus: The Teva Hickey, some ethanol to casino too risky that Terry Riolo emotional, Colorado, NYCHA combo, God I literally musket tomorrow, and we can notice and ethics, it's not I think any title XI simple you could almost call it he or she must be listening.

Seamus: A J code at all at the switching side with law or as I say that that he thinks about Nemo. This navy any considerable stay cool.

Seamus: I'll start with the Disney Mirror and even get there.

George: George the Maritimes.

George: Indeed, we would like to enhance Japan's presence, and to that end, we aim to contribute to the realization of a sustainable future through investments in advanced communication technologies, the evolution of air technologies, and energy technologies that consider the environment.

George: And you all know Zika or the committee magnetite, you've got the money most of it isn't there some time in all four sheet, finishing ocado got runway here of a sinker and Ricky a hungry and hydro star and Ricky you cleaner Torchy Nadeau Tuesday, this knee jerk, who cannot mirror I noticed again, Nick Koch Yardstick day talk on like 30 months.

George: At the Osaka-Kansai Expo, which has been held since July this year, we are collaborating with Hitachi, Ltd. under the theme of Society 5.0, a human-centered society. We are presenting an interactive joint exhibition with the concept that the future can be changed by ourselves.

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George: We support the growth of children who will shape the future.

George: I also say, Oklahoma that you know sage or oriented months.

George: We will continue to actively promote support for startups.

George: Startup of share in most cases, the key geographic units and a de minimus.

George: Up until now, we have supported many startups through our corporate venture capital, Coif.

George: Chordoma, there a cooperative venture capital.

George: New telephony, Oakland startup brought XI and stay in myeloma.

George: From now on, in addition to this amount, we also aim to pursue the scale of companies, and we are determined to promote the creation of Japan's first unicorn company.

George: Eric record artists and they cannot only quiet at cubo or you're going to keep on with the USDA non dosing with his name and your home Hudson or you're going to you on the first two or muscle exchange they magnetite.

George: In addition to the existing COIF and CVC, we would like to engage in efforts to support the growth of startups by investing in promising overseas venture funds and investing in attacks with strengths in industry-academia collaboration.

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George: Next, I will explain the competition at the new Takanawa headquarters, which will be relocated this year.

George: It seems like you must the whole name it and technology and horizontal closer in Italy that is at the Mayo at Atlas.

George: The concept of this new headquarters in this era is a Connectable City that evolves the power to connect and continuously communicates an exciting future.

George: Economic calculation your horizontal concept a lot. So now that you've got a zinc as I say walk walk us through midnight, you hasheem sheets as it get it connects diversity.

George: We aim to become a city where not only the criminal group but also customers and partners gather to exchange new ideas and continue to experiment and communicate.

George: Okay do you agree with that that could be enacted isn't there, we'll get somebody a partner got sweet attache Idaho.

George: Hey, she goes across a little so your huntington's getting much inadequate or is there still enough.

George: In this very experimental field of the future, Takanawa Gateway City, we aim to create innovation with our partners, including startups, and widely expand case studies that lead to smart cities.

George: Most of in EMEA no change at all your Kanata Konaga to HDD startup or have you made to stay apart in Assam adult virtual horse or state coordinators.

George: Coordinators.

George: <unk> seen it and I've got you on the call today are Hemagglutinin Guy Sticktight almost 30 months.

George: For example, as mentioned here, we have opened the first Real Tech Convenience store at the new Takanawa headquarters, which is a concept of the convenience store of the future. Additionally, we are accumulating examples of smart city initiatives in collaboration with JR East. We aim to expand these solutions under the brand Wacon Cross.

George: And I'll tell you about what you think of it that was Emma cigar takanashi homes anywhere as near the Arctic convenience at your content you could mirror in a company. Okay. Your study.

George: Areva G out if you guys in your home somewhat rhetorical sonoco steel Judeo clinical standards. It isn't there and of course, the fruition of all while Congress will stay I think I'll stick tight you got an idea with us.

George: Additionally, the Takanawa Support Headquarters is also an investment in human resources, and as a transformation into a people-first company, this headquarters relocation serves as an opportunity.

George: Not that I can ask a whole show this net gains I E N authority demand you must stay.

George: <unk> has tokyo in the Henkel kudos to cause the homesite or kidney.

George: We will continue to develop an environment where employees can take on challenges to create results.

George: <unk> got a sake of social navigate their chosen indicate account youll save you stay at Magnus.

George: We aim to realize a company where employees can passionately take on challenges by strengthening collaboration both inside and outside the company, shifting towards a more balanced way of working, updating work styles, and further promoting a job-based personnel system tailored to individual roles.

George: So now again that engaged cochlea, maybe Honeywell Keith had a record day in a shift towards familiar right.

George: Got an update there okay.

George: Okay today, even though Joe who got that didn't you say those yogi sushi and stakeholder Disney.

George: To ensure syndicate Acacia budgets the game as I stated in my remarks.

George: Finally, here is the summary for today.

George: So you're going to have hundreds not somebody internally mass.

George: Believing in the power of communication, we aim to further evolve our connecting capabilities, and focus on creating new value through data and AI.

George: It is now that you've got a solution. That's got all change if it isn't there. It's now that you've got us out of anything as I said take it off you could talk so system of any data or AI eurodisney attache cut so so sneak called Arctic, though you've got all.

George: We have established this as the goal.

George: Like what she told me that I forgot to talk here later she must.

George: As for the consolidated performance and shareholder relations, it is as I mentioned earlier.

George: It didn't get to give us a key a carbon stung in Cmos device as I hear the most I get that holiday because I must.

George: And so, as an initiative for the future, we will continue to grow together with all our stakeholders. We will continue these efforts, so we kindly ask for your support. Thank you very much for your attention.

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Speaker Change: Thank you for waiting. We will now begin the KDDI Corporation fiscal year ending March 2025 financial results briefing and Q&A session.

George: What is it that's why stop.

Speaker Change: Hello Am I already K D D. Like how much do you guys thought you said you did when they sang that ski okay sounds doesn't make I.

Speaker Change: You know what all I see it as much.

Speaker Change: Thank you for taking the time to participate and watch today.

Speaker Change: So I always thought actually knock off Katanga, what's really tacky I didn't have to lay them off.

Speaker Change: Today, I am Miyagawa from the IR department, and I will be in charge of promotion. Thank you for your attention.

Speaker Change: One is a gene called semester I added without me Ocado, what they must do layoffs going on right.

Speaker Change: This briefing will be delivered via internet live streaming with simultaneous Japanese-English interpretation.

Speaker Change: [noise] caused us to make all your internet today, but how should we need it right I'll just react I said it will take that one.

Speaker Change: The briefing session will be available for on-demand viewing on our company's IR website at a later date. Please be advised in advance.

Speaker Change: So you can make I know Loyola what is it pays out.

Speaker Change: So any day on demand the highest yellow, but I must.

Speaker Change: What else what other show good effect.

Speaker Change: I will introduce today's attendees.

Speaker Change: When do you think she sticks shall show quite as much.

Speaker Change: I am Matsuda, the President and CEO .

So that shows that she or not most of that day, where they must.

Speaker Change: Okay.

Speaker Change: This is Kuwabara, Vice President and General Manager of the Business Division.

Speaker Change: Because that's all day yesterday, he go Homewood, Illinois, glad otherwise I must.

Speaker Change: Okay.

Speaker Change: I am Shoji Nishi, the CFO in charge of corporate affairs and the Ministry of Justice.

Speaker Change: Jill Shea, who are the corporate targets Homewood, Illinois, So I totally get what they must.

Speaker Change: I am Takezawa, the Executive Director and Head of the Personal Business Division.

Speaker Change: Jerome would it personally how did you go Homewood, Illinois.

Speaker Change: Yes.

Speaker Change: I am Katsuki, the Executive CSO and CDO, and the Head of the Corporate Strategy Division.

Speaker Change: The illness. She has little again, she deal with at Kansas and Oklahoma as you all know.

Speaker Change: Okay.

Speaker Change: I am Tai Mei, the Executive Officer and Head of the Management Division.

Speaker Change: Boy I'm going to kick on in Homewood, Illinois, I'll get that.

Speaker Change: Today, we have published a total of 7 documents on the IR website: 3 financial management documents and 4 initial disclosure documents.

Speaker Change: I wanted to I guess unconditionally always hunting towards all kinds of shadow AUM that cannot Danielle.

Speaker Change: I didn't know it was hypothetical.

Speaker Change: I guess I still demos.

Speaker Change: Please refer to the disclaimers in each document regarding the performance and contract number targets mentioned in the materials and today's Q&A session.

Speaker Change: No Sheila when you sign an IL only secured tornado that nobody wants to give us that he will be.

Speaker Change: You must be your casino and you'll get it music as you called out China Yoga Kaliningrad site.

Speaker Change: First, our president, Matsuda, will explain the financial summary, and then we will move on to the Q&A session.

Speaker Change: So as you touch on how much is Iot caisson somebody else because it's a messy so not the CEO, Tony who said I can tell you that you're talking about.

Speaker Change: Well then, President Matsubara, please go ahead.

Speaker Change: So to go out myself is totally out of school and it actually was.

Speaker Change: Okay.

Speaker Change: Thank you very much for taking the time to attend and watch our financial results briefing today. Before addressing any questions, I will explain the key points of the financial results.

Speaker Change: And when it's at a at least unless she took her okay sounds good to make a new angle. Thank god, most still or could I, sorry, Nakatani I got though is a must.

Speaker Change: They still got all the many acres are no appointing things they did a city goes it's an elite does Smith.

Speaker Change: Having taken over from former President Takahashi, this will be my first time presenting the full-year financial results. I would like to start by briefly discussing the vision we aim for as KDI and our commitment to the next stage of growth.

Speaker Change: And if I could I see danger to Ocado Schizo, you must stay at my House your methanol homecare channel toward until now you must know that now so I suddenly this maritime a decade you had the statements I stay so you've got that you've got adult lots again, I'll say join a cadaver. If you could talk Mark Anthony This is Neil necessitate that I gave I thought in my life.

Speaker Change: This is the connection between our current medium-term management strategy and the Vision 2030. We want to evolve our current medium-term management strategy and realize this Vision 2030. The key to this will be the acceleration of transformation through the integration of 5G, data-driven approaches, and AI.

Speaker Change: And once again chunky case in their career.

Speaker Change: Consolidated Iberian he might have somebody at the North Hudson I E. They go they must get at a more local know immuno or too cynical isn't quite the same because I said there are going to be John you might have somebody oldest edge. It's against the title you could do there cocomo clogging that they couldn't know whether Smith, hi, Rajeev is that Oh, I said I've got a I know Hugo According your dinner or transformation or not so good at 30 months.

Speaker Change: In response to that, we have two particular focuses. One is the evolution of the connecting power, which means we want to firmly establish the foundational communication network as a strong competitive base. On top of that, we aim to create new value by combining digital data and AI on this communication network. This new value will be applied to each business domain and industry, adapting it to the orbit, and strengthening the portfolio. We have expressed our intention to upgrade to a new dimension.

Speaker Change: And so I didn't actually sneak one off that's an oral cadaver E or what's the moustache thoughts about spend a whole lot of so it's not a it's not a it's got a machine I think are today, how do you do that it's another switching network or the sneath and she's got a coke or not a coastal market by mistake.

Speaker Change: And as I say some of the latest tuition not really it isn't it.

Speaker Change: Started at adult E I O O calculus at the scale at all or does she cuts so still shakes, though because I thought she cutler, Illinois. This knee cartilage Youll domain cuckold goes to unitize. It isn't at all would be 20 times to try to cure citizens portfolio took a stake or you could do there. It goes I must state Oh, that's done as you gave me upgrade those stakes tied with you because they are most likely taking much time.

Speaker Change: First, regarding the evolution of connectivity capabilities, as you may already be aware, we have been committed to communication quality and have achieved the No.1 global experience rating for connectivity by OpenSignal. Currently, we have exceeded 100,000 5G base stations, of which over 50,000, specifically 55,000, are capable of achieving very high bandwidth and speed using sub-6 and millimeter wave technologies, making it the largest number in the country. We have also started displaying '5G Plus,' and when connected via sub-6 and millimeter wave, it is very easy for customers to understand, as they can see the area on their device.

Speaker Change: Yeah, Matt This is Scott on a single just scared them off my question anymore, and Oh, Gosh, I'll just cut the only months ago, especially in the eastern Codell that they could do what he must have isn't it and hopefully you can understand know or take on a lot. It's not going to take us like I hope the number I'll have stuck with us to muster against that if I was you know which took the jama article or quite totally must it so no.

Speaker Change: Oh, Gee Gaumond took walkway to Guangzhou thing Omar talked about isn't it so the sheiks familiar how they might use any quota there of course, we cannot.

Speaker Change: Oh, no indicator that Goku.

Speaker Change: You know that when you Musta air Coco coconut side that you could do that much.

Speaker Change: Why would you put us tell you my shortage of housing metering mistake when not if I subjects immediately you know tonight. It either by you know it isn't that well get some anymore my hearing about God, yes.

Speaker Change: No I'm not familiar with its nascent idea that la.

Speaker Change: Toyota Amos.

Speaker Change: We have announced the 5G Fast Lane, which aims to enhance the value of communication by providing a more comfortable connection even during congestion. Technically, we are using a technology that allocates more resources to our target customers relatively. In any case, we intend to firmly maintain and expand our competitive edge in communication quality and superiority.

Speaker Change: I don't know come upon us it's under her because she must've hibor G at foster and isn't it.

Speaker Change: But isn't there so she no cut your total Oh, let's get the state of it would go to the kwanza to read them off you already at high Tech and it's and I Gotta catch the yoga towards it against the liquor isn't it I know you are seeking you out on the open so that they can eat or drink San Mateo and like so many Oakland Aldis also Highland circle, you'll get so it's got 30 months.

Speaker Change: You must have a mark on the Chaucer docomo gains into stainless knits, which enhances their corner you always say Oh. This is Scott it all kinsey he could I used it might've thought amongst the Oems.

Speaker Change: This person is further accelerating the communication gear with AU Sterling Direct, which means that it connects even outside the prefecture, and as long as the sky is visible, it connects anywhere. This experience is now being offered not only to AU customers but also to customers of all carriers through a dedicated commercial. We want to position this value of being able to deliver immediately as one of our differentiators. Applications from UQ Mobile and other company users have been increasing, thanks to this. As stated, the number of compatible devices is expected to exceed 8 million by June . We believe that the expectations and trust from our customers are based on our core business of communication. Therefore, we are committed to focusing on this and refining the communication that forms the foundation of our services without deviating from it. This is our initial pledge.

The question on the whole of this sudden Nissan all witnessed her Anita you could sell denotes solution like Yale cause so could they go to the <unk> study and good day to you.

Speaker Change: Today are you must it cannot kingdom on since I got you okay.

Speaker Change: So like I made about who they want to know how to do you're taking with isn't there like a you know it took some lucky down up there.

Speaker Change: Okay. Do you know took so many more mono shemale, saying on the humor, there it'd take you or how do you minimize the yucatan that he must have isn't it a cocoa nor my email you must also look at the Kettle you cut your others or that starts now so it's not also gets cut off.

Speaker Change: Each day to almost 30 months.

Speaker Change: You touched on the use or some other color on this in the most coming off or get some idea. If we had the HW must the AK did was they must be only entitled Kitchen weather Snapback Monday Asia Memorial Guazzini music, very messy and or how do you just nailed it took some of it oh.

Speaker Change: But that's still on location made an autistic status in lighting or the homegrown attrition dinner at the causal that'll not only muscle there how can you imagine quite a lot of dough, so it'd be something they've done. It. So as you know, but that doesn't need us now and you've got to take it.

Speaker Change: They could do you could those hires you need and Oh, no what sky Allstate.

Speaker Change: Yes.

Speaker Change: On top of this, we would like to evolve our multi-brand strategy. The communication quality that I just mentioned, 'connecting more and more,' is the foundation, a common base. On top of that, as a brand, we want to fully promote the brand value of AU, which is unlimited use with safety and security. This is why we are adding value to our communication services this time. For UQ Mobile, we emphasize simplicity and affordability, with the concept of 'simplicity for everyone.' To broaden the entry point, we want customers to first recognize the value of UQ. POBO is exclusively online, so I think the customer base will be somewhat different, but it offers the enjoyable value of being able to freely add toppings. We have redesigned this brand strategy and intend to proceed with it firmly.

Speaker Change: They cannot renew this ne and know what's actually on mono monitor you better understand next day, even though she can cause us to take title is when you're almost 30 months stay at nine am on Friday that just the Moto Tonight Sushi Haynesville I cannot do that he chose a little down on this getting them off so no real need isn't it.

Speaker Change: All brand new additional the AUR, but its got hold of it honestly and then no I know, but under Castro humanoid Juba knee. So curious to monetize so you could look at a Congress no choice you know cut your steady state what he muscle she like UQM Ovadia ashamed Toledo talk with the shameful it'll mean anytime you go to the listener and supposed to cut you off the snacks. They eat at Gucci or if you don't get at them anymore.

Speaker Change: I know your acute muscular skeletal subtle cut journey doesn't become a data that people are saying well. This one there, especially I know it took some also oh I'll call. It a dumb on this get them with you and hoping that they could do my I don't know tell me tell us NATO countries. So the money to snack cluster, but understanding of course critical mono Heidi E say efficacious you must have isn't it Smith.

Speaker Change: You go today, but they must.

Speaker Change: Above this is AI. We have data, so I think the key is how to utilize the data and integrate it with AI.

Speaker Change: They're gonna Winnie He just says no got my AI and a lot of the data on what the most not the data or you kind of called the a I tell you because I forgot to him because he cannot.

Speaker Change: In this context, data is being generated daily from all sorts of sources, both from our real-world and digital touchpoints, offline and online. We are connecting this data with AI, which we refer to as hyper-personalization. By combining these, we aim to deliver to our customers, with the left side focusing on 2C (to consumer) customers and the right side on 2B (to business) customers. We want to provide this through a common platform, offering life support tailored to each individual customer on the left side, and on the right side, providing solutions to transform the operating models of various industries held by different companies.

Speaker Change: Yes.

Speaker Change: They put them on this nation, a whole lot of other data that he'd be what might it take until you must know what does that I know what actually the mono, but you have to sit there and did you guys hit then it's the money that has now put on your own name. It's the money mandates that are detectable Mustang corridor. This near eight idle Nogales. It day by day part hyper personalized of you on the musket them or what else can you answer this.

Speaker Change: Tucci. He got he got to see you know what took so many I mean, you got to be you know get some anytime you go to this economic or two like you bought almost that isn't it okay. Okay.

Speaker Change: Money able to logistics type study study no took someone you really thought that I suppose both of them I should say goodbye I mean, you've got with this Nick how quick you go some of the most of this and then you also you got to know are you at all if anything your moderate or not pincock mistakes, though you thought he was the only take your steady state you could do that because they must.

Speaker Change: For individuals, we are envisioning an AI market. Similar to the early days of smartphones when we offered unlimited app downloads, we want to create a place where customers can interact with AI. We aim to connect AI service providers with our customers to create a win-win relationship. Additionally, to make AI more accessible, we recently introduced an RCS messaging service, and we plan to release an AI chatbot soon. We believe that making AI more accessible and user-friendly is one of our missions.

Speaker Change: And of course I'm looking here this nickel into a market that you could do or of course, Australia musket at the mall I know some other holiday make any I'm putting out to the whole data you know whatnot, although he only listen there are you know.

Speaker Change: It took some of that none of you said sort of slipped in the Moscow I know, although they considered a buzzword, it's pretty tight you'll go to a dead because I missed it either in a side. We saw good did it provide us about so you've got about even though it took some oh. So that's another tonight at his name, but he means another kind of get all sorts of the state's tight almost dead.

Speaker Change: But any idea when the new music I need a musket it talks to many of the same band artist yesterday's message decided we saw Oh no no don't do that you must I get them, all but you know a Ted talk talk and you treat them all kindred journey, he socialite almost things like when they need us.

Speaker Change: But no you read music or they see when they stayed with those universe. So it's nowhere they already know shoemaker not if anything like that.

Speaker Change: For corporate clients, we have approximately 400,000 companies as our customers, and we have contact with them. We have accumulated knowledge about these customers. By utilizing this knowledge, we aim to contribute to the transformation of each customer's daily business operations. Here, we have established Retail Logistics BPO, but we also intend to firmly establish the brand 'Wacon Cross' in addition to this.

Speaker Change: The whole Jim Mchugh, others, Jaco you owned your emotional or model. It actually took some out yesterday, Mr. It's almost sit down with the international there are some old took so many considered not age so you're not sick.

Speaker Change: Continental is very close to this as well because some of them go to another isn't that she'd be know your analyst Hancock munis are called Gamma stimulated data you go to the courtyard isn't there another dictator logistics to be able to you know.

Speaker Change: Oh, he thought he must get them or what are you going about his name while Congress, but under this necessary dictate you go today it was a must.

Speaker Change: And as the AI infrastructure that supports this, we have finalized the sales contract for the Sakai factory from Sharp, and we are already in the process of constructing the AI data center in Sakai, Osaka. We are preparing for its full-scale operation within this fiscal year. Until now, we have been considering providing our customers with models, including our own model, Ilyza, built on our GPUs as one of our main pillars. However, as we announced recently, for those familiar with Google's Gemini environment and Google Cloud environment, we are also preparing an environment where you can use Google's cloud, Gemini, on our GPUs. By doing so, we believe we can offer sovereign AI, where data is retained domestically, or in other words, kept within the country.

Speaker Change: Especially it's almost as I say it another way I E. T band you go to their economic Osaka Sakai No AI data center is we need a congress shabu stomach a lot. So that it goes on the buyback, yes commodity Mustang Cook almost at any age of course, so he must get at a more oney nano or Congress Cuddle and you look at the AGM you stated you go to.

Speaker Change: The human body or this nickel. According to your point that your GP in OA knee, but actually the mono modal eni's else can be downloaded or it's good that isn't it so you'll get somebody to take your sort of the good thing about starts are actually at the Chicago adult done, let's get them all and all gone by I don't know how she must be only does Google know Jamie that you know can't do any of the agenda.

Speaker Change: Ah well listen because we've put out on the hunton well.

Speaker Change: Well, Nevada, Illinois, GP, you know where do this now.

Speaker Change: My Google No CDR adult Jimmy they Oh, it's great that I get it all you can almost say that you'll stay at mighty muscle, but also to go to this date, our cocoa 90 core multi tenant sort of Themis Guy who decided to tell you my sobering ebay to somebody not yeah, I know take eradicate it to you for any kind of idea what you might have.

Speaker Change: From these considerations, we have outlined the Satellite Growth Strategy in a timeline format. We are committed to creating new value from this term and into the next year and beyond, towards the mid-term. This is a schematic representation of our intentions, and we aim to achieve business growth in each orbit. Within this framework, the areas of advanced technology and new business creation are positioned as direct organizations under the president's control. I myself am deeply involved in these areas and am committed to advancing initiatives towards the next mid-term.

Speaker Change: But of course, the Goto cut out his name is I'd say that the grocers in nickel credit to the Yoko gigantic they thought they're not that you're just getting them. All so you've got another say call. It got a clunky. So they've got a lightning equallogic eat chicken even look at it isn't it she got it all attitude you cut your social to stick with the Yoga tour and almost get skinny at the moment. It was a mistake cuckoo orbit danone.

Speaker Change: Or did you go say George it's against humanity data on whatever device. They cannot go down with his name and also in Tangier, It's an ideal Ricky I think about this and I think you know did you give us those all New York City Noah. So Joanna took got switched to stay a high T study muscle there what did you just see them on the cyclical any secret total sellout that isn't it so you know or Turkey, and even get that atherectomy Olson at the maritime that.

Speaker Change: They must.

Speaker Change: In order to achieve these goals, we want each and every employee to have an intrinsic sense of challenge, a sense of challenge that comes from within. We believe that the word 'passionate' fits perfectly with this, so we are aiming to become a company where people can passionately take on challenges.

Speaker Change: And of course, I'm, just again I'm going to this ne Shane storey study that is named by.

Speaker Change: But now you have to take any choice and more which created a cultural since youre most of them, what I don't want that as well so they need to pay more.

Speaker Change: Judy you caught the bug that study that'll take what's there and what's your initial syndicated high shop, well, that's got all congregate because I'll get it pretty much.

Speaker Change: Well then, I would like to start by explaining the financial results for the fiscal year ending March 2025.

Speaker Change: S. So did you have a Disney Amazon.

And usually it goes against it there a coca Cola assets unless I state. The next I thought Oh my goodness.

Speaker Change: The consolidated financial results for the fiscal year ending March 2025 show an increase in both revenue and profit. On the left, the sales amount to 5.918 trillion yen, which is a year-on-year increase of 2.8%. In the middle, the operating profit is 1.187 trillion yen, a year-on-year increase of 16.3%.

Speaker Change: And as you go into time, Inc.

Speaker Change: It looks like you bought those shoes like he did because I must say she said you've got like a would you argue that go out as they go to a Tuesday.

Jochen: Jochen you only a pressing need in hotspots in top.

Jochen: But like Oh, Jackie this gives them all each of US, saying, how did you do and in Oakland, the yellow and yet plus are jerks 10 some percent.

Jochen: And on the right side, the registered profit attributable to the owners of the parent company was 685.7 billion yen, an increase of 7.5%.

Jochen: And so suddenly got whereas I said I'll show you, a sneaky look totally Jackie well look saying.

Jochen: Got you and I know Kinder you only a process none of them go pass into the Mustang.

Jochen: We are making steady progress towards the final year of the relay.

Jochen: And so again as I shouldn't even though that you would get to this in a joint donation to Costa at what he must.

Jochen: These are the factors affecting the change in consolidated operating profit. Starting from the left, the combined income from the group's MVNO and Rakuten roaming resulted in a negative 13.2 billion yen. Then, the multi-brand communication revenue increased by 6 billion yen. The combined income from finance and energy contributed a positive 17.7 billion yen. The profit from Lawson's equity method was a positive 19.4 billion yen. Additionally, the DX business segment contributed a positive 15.4 billion yen. Furthermore, there was an increase in technical costs, and as noted on the far left as a temporary impact, we had provisions for the telecommunications business in Myanmar. Excluding the temporary impact, there was an increase in profit of 38.1 billion yen.

Jochen: Economic or then it gets Oh <expletive> you know, it's all getting your India goes Amos and he thought he cut out isn't there a group and we were in.

Jochen: Sure and you extend Dominion Shunyata Demonagogue minus Nighthawk, Sanjay Njoku out and so they've got a multi branded pushout pursuing it what did all of this put us at or could you walk and you go to the it was a miss.

Jochen: And so they've got a king you at all and then to give I'll ask them one of their process technology now grant. It also know multibillion funnel Jacqui E Gov, but actually how can accuse you of your own grant.

Jochen: So you've got a Dx business segment, they got put us Jacobo jewelry, Oregon.

Jochen: The call today with a moustache.

Jochen: And so all of that is a good score one you must it accordingly, and like Japan. He doesn't need. This makes you think he had Kyoto qiagen he must guy I remember not so as you know you're going to hear the austerity must stand out there. It just to give you. Another key demand isn't there. It sounds like you had to do with yoga and no although it still only Mustang.

Speaker Change: In this section, we have written the reflections I just mentioned. The business has been growing steadily, and we have been able to balance shareholder returns as well. We have conducted a flexible acquisition of treasury stock totaling 400 billion yen.

Speaker Change: Yeah, Jonathan Emil Moshe I get that Oh, Okay, I must have got she owes yoga. She got it all I'll say George he must have isn't it so stay a covenant stung enough or more it already so the state or the musk kido technological accomplishment. So of course, we'll look we only say Oakland, although there might be a mistake.

Jochen: Next, I will explain the outlook for the current fiscal year ending March 2026.

Jochen: And so they give us the clunky and easier to connect hundreds keno. He taught us anything it goes hits a nail it doesn't matter.

Jochen: We will continue to promote the satellite gross strategy and aim for increased revenue and profit.

Jochen: And so they give us this idea to grow say negotiations.

And so stay at those shoes like your math.

Jochen: The sales on the left side amount to 6.33 trillion yen, which is a 7.0% increase in revenue.

The Guy who do I get a lot of local jaws Sundance and their cooking because they are pressing that often zero percent Donald I'll shoot.

Jochen: After that, in the middle, the operating profit is 1.178 trillion yen, an increase of 5.3%.

Jochen: So come on like I go to Ikea about it Joe is sin the nacco had to joke when prices go down some person internal deutsch.

Jochen: And we aim for a registration profit of 748 billion yen, an increase of 9.1%.

Jochen: So I should talk you did your analyst day, you know you've got hedges yoga and prosecute hbos internal Joique Youll Ashish Masih.

Jochen: Here are the key points of this operating profit. We aim to increase profits in both segments, personal and business. The main factors for increase and decrease are listed on the right.

Jochen: Like what should I got Oh, <expletive> you know 2019 must pass them out of the business. It's the money and you're also going to enter there is always telling me that some of it was that he Muscat Oman adult I O E and so they've got a game show you know me you know Jorge excise it was a must.

Jochen: First, regarding the factors for increase, there is an increase in mobile revenue by providing value centered on communication, as well as continued growth in finance, energy, and Lawson.

Jochen: My mother is all going to get them. All so we're seeing all the tuition saccacio take yourself you could've been a mobile era show in New York knows all so they've got a king you interrogate also most agile mosquito the Guinness H O. This thing.

Jochen: In the business segment, in addition to the growth in DX centered around the growth area, we also anticipate profit-increasing effects from the reform of the technological structure.

Jochen: Is it a good business segment anybody doing this <expletive>. So do you like E Mazzotta, our the excellence here, Tony Kure must it modulates cortisol not like a closer look take a closer look like Kokomo me in coming months.

Jochen: As for the factors of reduction, in addition to the cause of Rakuten roaming income, we aim to create a virtuous economic cycle this time, and we intend to return the received compensation to our partners, which is also included in this return.

Jochen: Again show you meant that you must have abstained Dominus Union again, the HOKA business.

Jochen: In the case that in a cogent country you are sole sourced they state that you got today.

When I take a delay to take over the snare peloton is how many more Congo mistakes you've got today, it's on the Congo, most committed pretty much.

Jochen: I would like to explain the mobile revenue of the personal segment, which has been redefined from March 26th.

Jochen: The cum Guy and he said, we're looking at something that's got a attitude taking any muster pass another segment in all mobile data showing you in you'd say there. It goes it's in the air still because I thought it might not.

Jochen: With the recent left and right squirrel rotation, we have incorporated various values, including the Ponta Pass, into our plan. Consequently, we have redefined mobile revenue to include communication revenue and the added value that has been included as an additional component.

Jochen: No salary sky into when they must it upon top as it or have you made or some of them are not cuts you're put on me comic con. It was I must surrender them when I Must've associates unions of Covenant, Donna Scott Shaw, who commit a mobile assurance you Maloney L. Henkels I state that I can muster.

Jochen: Looking at this new indicator of mobile revenue, for the fiscal year ended March 2025, mobile revenue was 1.8501 trillion yen, indicating an increase in revenue. We anticipate further growth and increased revenue in the current fiscal year as well.

Jochen: They cannot attache mobile it has shown you that you show them you must know what the key Michigan in Sandusky, what is the name of wireless Union. It Joel has single equity Choker and you go to this it's all <unk>. So you could take a look at it totally must see corn Cumulus niche corner those shoes had another say, Joe or me convey a mighty muscle.

Jochen: And on the right side, we have redesigned our multi-brand strategy according to the value we provide, and we aim to deliver the appeal of each brand that aligns with the diverse needs of our customers. Additionally, this time, we have added significant value to AU, and in addition to improving the development rate, we aim to flatten the transition between the AU and UQ Mobile brands, aiming for an actual flattening in numbers.

Jochen: Especially I mean, you got to just get at the mall or kind of take you got to know what your terminology, but understanding of course as I guess, you must stay well Jack summer, although neither tioga sort of needs a need I loved it I thought that huckabee, rather than you know to logistics type what Douglas, but it <unk> a okonedo cut your or tweak I stated my name is I get them, all highly accretive to Macchiarini quieted isn't it.

Jochen: Utah, you accumulate and al I Dunno Brando cannot eco enough that I took it off you could talk I mean, the estimate that you shouldn't forget about this and it is estimated I thought my math.

Jochen: Regarding Ponta Pass, since its launch last October , we have gained an additional 210,000 users, with a total of 25 million users having used it. This term, we aim for a net increase of 1 million users.

Jochen: Upon the person encourage you must deal with isn't it I know my husband second.

Jochen: And you got to cut or not okay. So you got to separate us energy demand into I don't know of anything but how come on neo Sky that I did it you got to talk about Colombia, Brazil, Chuck remind me not Jim Zumiez is a must.

Jochen: As Lawson celebrates its 50th anniversary, we promise to firmly direct our focus towards Lawson and support its next growth through further collaboration in communications and the utilization of technology.

Jochen: It also allows us to go just your name because they must know theyre still adult.

Victor also naeem can muster isn't there, especially as I said another didn't get all technology know cathie on your tenure, it's been out of schedule.

Jochen: A lot of them to get out of say a journey as she answered it could execute at Atlas.

Jochen: As for the financial business, the operating profit was 40.6 billion yen, achieving a growth of over 20%.

Jochen: He used to go or they because they must get them or are they going to get us in there and I think he got you only triggered o'quinn Roku quinto monesia percentage or no change at all or 90 Mustang.

Jochen: On the right side, the invitation plan has surpassed 1.5 million hooks, and using this as a hook, we are growing in collaboration with our own bank and credit card business.

Jochen: Amy I think that's a brown, who could talk about your amount of custodian Mustang Cordell, who needs even ginkgo Crystal Ocado CEO tomorrow, they didn't give us the St. George 30 months.

Jochen: Continuing with the business segment, we aim for double-digit revenue growth this term, driven solidly by growth. Among them, IoT services and data centers boast high profit margins, contributing to a total revenue increase of approximately 50 billion yen. Additionally, as new revenue bases, security, facilities, sterling, and drones are seeing strong demand, contributing to a total revenue increase of 90 billion yen. Furthermore, in the base area, the communication segment, we anticipate an increase in mobile revenue, and we aim to incorporate these to achieve our revenue and profit growth targets for this term.

Consolidated and segmented it because they must get them all but two of them of course, you know what do you like I say it all but isn't there a growth that should carry the change they're stuck it in all of those should all it means that you must.

Jochen: And I've got them all this Iot services data center, a lot, but it's all about the remaster aggregated that could go heck Walker knows ore shoot.

Jochen: And so they've got other not sure I could keep on to study muscle security facility, starting with the wrong thought isn't there.

Jochen: They got canceled because they must they go get kyowa, hakko, kirin nodes or shoot and so they've got a basically like a switching equivalent to sneak one in on mobile it has shown us all more or make on their own. He must've caught it all started with recon there.

Jochen: You know those shoots already came up short or does it is a state of Mattel it must.

Jochen: This is regarding shareholder returns. In addition to EPS growth, KDDI is committed to continuous dividend increases, and this fiscal year's DPS will grow by 10.3% compared to the previous year, reaching 80 yen, aiming for 24 consecutive periods of growth.

Jochen: Like what did that come in the Sky and get any kind of stayed there was I must say I can't do that but it's a decision in quite the hydro sale go towards Angel because all her anymore.

Jochen: He must be they couldn't get on dps that ties in in there plus a 10, 7%. This age out another how do you do in.

Jochen: And as you know the Enzo say Joel means that you must.

Jochen: Furthermore, we have resolved to cancel the portion of treasury shares exceeding 5% of the total number of issued shares. In addition, we have resolved today to acquire treasury shares with an upper limit of 400 billion yen, including a public tender offer for treasury shares with an upper limit of 350 billion yen.

Jochen: But I don't know how cold it.

Jochen: Of course, it means a couple of ski social and they'll go pass into quite a bit we want isn't there you go cabos Kenosha cookies, especially Mustang.

Jochen: Hey, quite there so look we only say, Oklahoma, Georgia and the staff did you go published you know are stocked off which is a Sunday in Glasgow games Yoga in those studies did you go a couple of ski Coca AK at scale I'll answer that.

Jochen: You forget youll stay at what he must.

Jochen: Regarding EPS, which is an important goal of the current medium-term management strategy that we have explained so far. Although this is the final year of the current term, we aim to achieve 1.5 times the EPS of the fiscal year ending March 2019. We intend to carry this out and achieve it with unwavering determination as part of the new management structure.

Jochen: Hey, Corey.

Jochen: We are still stuck with those who might again educating they're gonna Geo Montreal that EPS and its a day it goes they must.

Nate: We're gonna mutation endo to another 90 must get into more <unk> more Kyoto sticky muster juku Nin sung that's the key iteration of it Tim Goodbye Corey. This is Nate Attache case, I'd say the similar how you recognize the state agencies to my data, especially magnetite automotive Oems.

Speaker Change: We aim to achieve 1.5 times EPS, 194.38 yen, by balancing business growth and shareholder returns.

Speaker Change: And she goes Hey, Joe talk or no covenants young in Reorders and yada. This neck when they think about EPS check accuse you Jan Thanks Hutch and.

Nate: And what isn't it not assume as I state.

Nate: Additionally, we would like to achieve improved capital efficiency through these initiatives.

Nate: And my thought is and they put it onto a common your debt as Hong Kong. It's an okay, then more or less at the agency and also say it I totally missed.

Nate: For the fiscal year ending March 2026, we aim for an ROE in the 14% range, excluding the financial business.

Nate: And as you look at it and saying, let's kick off can you in jail when those occur at all U S jewelry on power center. They all of them as I stated in my life.

Nate: Finally, here is today's summary. Once again, we aim to create value by focusing on the power of communication and further evolve our connecting capabilities. On top of that, we want to create value through data and AI as the next growth driver. Additionally, we are committed to working with full force towards achieving the EPS target, which is a key goal of our current medium-term management strategy.

Nate: And so you're going to a home depot somebody internally must admit that isn't that finishing the most of that you've got a neat forecasts are stocked countries look at you Oakland I suddenly there's no. It's not what you got out of sync as I say, it's Dave so on the readiness and if you notice each other right about the spin off their docket of a notable cut you saw so or states title you've got today because they must.

Nick Pincock: Although this is Nick again, jerky, a case and they cannot gyro mercury with EPS in a macchiato Sydney. Okay. They then look at their ethical Meredith I thought Oh my goodness.

Nick Pincock: Thank you for your attention. We will now proceed to the Q&A session.

Nick Pincock: Hey, Joe Hey, Joe you got to where they must consider I got all of this net edge to get what's on the whole go to school and the way he does not.

Nick Pincock: Thank you, President Matsuda.

Nick Pincock: And so that's that's a hurdle or they must up.

Nick Pincock: Now, we will take questions from everyone. We kindly ask that those with questions first state their company name and their own name. To allow as many people as possible to ask questions, we will limit each person to one question.

Nick Pincock: What do they want what are you really I mean, that's about I don't know where small okay. The Smith well.

Nick Pincock: So they must have that was thrown out of Qatar has he made me actually I may have to own them I almost like a site.

They get it that game going on Katanga was going to ask Tim It was similar or staring you in what it does is they take them off.

Nick Pincock: If you have two questions, please ask the second question after receiving the answer to the first one. Now, if anyone has a question, please raise your hand.

Nick Pincock: It was smaller steps out buying youre eating more mineral character when he won't mean, a once monthly G&A when the lightest months so.

Nick Pincock: What's the monarch attack issue on the lightest months.

Speaker Change: Yes, then Mr. Kikuchi from SNBC Nikko Securities, please go ahead with your question.

Speaker Change: So as I say I'm busy and of course, we are going to cause some are small and I would ask Ms.

Nick Pincock: I think today's presentation content is very impressive. Profit growth, EPS growth, target achievement, shareholder returns, share buybacks, and creation and abolition.

Nick Pincock: Yeah.

Nick Pincock: I see B C coastal kiki's just one second.

Nick Pincock: I know journal a pure now your Washington D E Shaw equal minus the.

Nick Pincock: Actual EPS neutral.

Nick Pincock: At the company's conga.

Nick Pincock: Of the nine for fly.

Nick Pincock: Well, you see, it's all something we already understood, and seeking something new here might be a bit difficult. However, what are you aiming for? Once again, perhaps what you presented is everything, but if you could provide something symbolic. For example, NTT is now global, and Mr. Akabane at SoftBank is focusing on AI. It's very easy to understand, but whether it can really be done is uncertain, though that's what they're saying.

Nick Pincock: Got it understand.

So.

Nick Pincock: Because I understand the macro for the Ano Martin is equal to 90.

So we didn't have a lot to discuss he took robotics mascara.

Annual necessity cutting cut to tour, which is off to four will shake down ticking on what took over there and arena and I'm potentially correct and I own a submitted to equal to compensate them I think is a more short term taking a photo disconnect.

Speaker Change: I know NTT group.

Speaker Change: And can you walk us somewhat.

Speaker Change: Difficult to know.

Speaker Change: Luckily a free good or want to make you look at Orca North Carolina, just get off my interaction.

Speaker Change: And then, former President Takahashi, well, as for the chairman, does symbolic things like Lawson.

Speaker Change: Aw Takashi and or is it too much.

Speaker Change: Oh sure so they cannot go to the rostrum.

Speaker Change: I think whether Mr. Takahashi was right or not will be evaluated based on the results several years later. As for Mr. Matsuda, what kind of significant things, like a legacy that remains good over time, will he build? Perhaps strengthening the main brand, AU. Maybe it would be good to start anew with something like KDDI instead of AU. This time, creating a difference in communication speed with UQ. In reality, I think that's what the fast lane is about, and I think it's a very good thing. For example, something like that. Also, you've been talking about DX and EX for a while, but it seems like there is a lack of resources. With a sales target of 3 trillion yen and aiming for an operating profit of 500 billion yen. Whether it's with those numbers or something symbolic, if you could share what you plan to do, even if it's just at the conceptual level, I would like to take something back with me today as a souvenir.

Speaker Change: <unk> actually.

Speaker Change: I just got to go look at Piedmont Mosquito.

Speaker Change: Some kid instantly.

Speaker Change: We must get them all.

Speaker Change: The metro cell that Tony on that so taking a corridor I took her astute renacci to Steve.

Speaker Change: We will go to you on a go to keep the current lockdown.

Speaker Change: My main brand though.

Speaker Change: I'll talk about more used <unk> three.

Speaker Change: Please go to the medium kind of students in school Guy.

Speaker Change: So currently the sooner you get yourself you said you have a split into three because that's when we must move there so because she's doing equal took on automotive.

Speaker Change: I thought about from local tour.

Speaker Change: So Dirk do.

Speaker Change: Well you know what Michael said the mosquito.

Speaker Change: I don't know equals Woodstock studio and the contribution that they really only in a car.

Speaker Change: Yeah.

Speaker Change: My unique centimeters.

Speaker Change: And then it goes wrong sujit anymore, and Eva <unk> some of them.

Sticking on annual Ctrip with them, all and well see EMA cause a little bit more in the sky.

Speaker Change: Okay.

Speaker Change: So you go to market and thinking about.

Speaker Change: What's got you tighten up on the antitrust.

Speaker Change: Yes.

Speaker Change: Hi, Angus ammonia there was Amazon I know I'm also the authority the snare and Killen, Okay. So I hope youll need. So you can more MA. Although Takahashi then you said your goal is since you've got intermodal Kebab-n-curry day, and we're not a mono.

Speaker Change: Moreover, the snake oil stay monocular heartburn, it's another theater you could do that almost 30 muscle there I know that you're more monongahela coal, especially because I got on this get them, all a pretty cool corner keybanc.

Speaker Change: Clearly the coupon or Bloomberg and you cannot on obesity almost it is named CTO such data you could get your Dakota, well that she normally 60 minutes 30 muster, Missouri with his name, but curious how you're seeing the whole know mark. Unlike other telco today, that's in Hologic with Nikola already tight, though you could almost see I can muster.

Speaker Change: But I know it sounds to me that again you are predicated on Tuesday was curious steel Nathan and I don't know that my mother tuition not pokorny create that lead it isn't it.

Speaker Change: I know to Shionogi go tubing as you go into any of this in their door nobody so you've got to go with that domain must now so corny mono production on a more day to day to day, yeah, Okay, let's say that the cadogan.

Speaker Change: I know you're panicking are eager to adopt the homeowner to get them all cocomo Mark on your on the snare towards unsecured almost all set out at that also on the commodity muscles.

Speaker Change: I don't know if you want.

Speaker Change: No no.

Speaker Change: So as you know many courtyard Brooklyn with his name and also more irony. He saw this data only yeah got audio and image they quit at Mckesson because they cannot go nobody nobody should all that and it's great to know cause you to go to that I know you do not do we keep the musket noncritical Saturday to gross in a couple of your key not only at the Moon. This get them all to cool mono.

Speaker Change: True to know how you were thinking of coupon almost equal.

Speaker Change: Talk us through what you could do that or better at doing what they say, they're going to keep getting donato euphony almost 30 months the career almost there yes.

Speaker Change: Not all of it all got the recurrent no we did not do but they didnt necessarily hear this NEMA well she machine they get lucky that I understand what is necessary to you know.

Speaker Change: No no two can you move it to as I said scooter I'll get taken out taken eight almost 30 must get it the most.

Speaker Change: Got it and then thinking about anybody know shall continue accumulate door you can Scott, though you took out the codell out there, especially in the Brooklyn tour suddenly window data OCA theatres to AIG to become so to me this name and put them under more normal coupons in a modest net loss and this entity musket with Disney and the Jimmy sticks digital causal to segregate that I gave at the Oems.

Speaker Change: Thank you very much. Regarding the second point, the part that serves as a base and connects, I think it currently has a significant advantage. However, both OpenSignal and companies like Docomo and SoftBank are aiming to be number one next, but they haven't achieved it. Probably, it's quite difficult for them to catch up.

Speaker Change: I'd have to go meet them and understand those Mr to know my based on that takes longer for them to understand that.

Speaker Change: But you don't see.

Speaker Change: I have with the Windows that are open singer who understand took almost more softbank, Sam Moore to EG and added another Tonight.

Speaker Change: So, let's get cool, yeah, I know no.

Speaker Change: Catch up or somebody can I.

Speaker Change: It might not be that much of a difference.

Speaker Change: With almost nine months ago.

Speaker Change: Sure.

Speaker Change: If next year, the head office is better, and if things are better over there, then maybe all the bases might collapse. Also, regarding satellites, I think all three companies will probably be doing it as a service in two years.

Speaker Change: The most of it I know once I know.

Speaker Change: Who called.

Speaker Change: Our citizens.

Speaker Change: Based on our facilities in my comments you didn't tighten up at all are saying listen I was hoping you name. When you essentially can we acted in Shanghai cannot habits to citizens.

Speaker Change: Yeah.

Speaker Change: Regarding the next goal of 'connecting,' it might be a bit difficult to discuss now, but I would appreciate it if you could share it with us on another occasion. If there is something visible as the next step or goal from the current base of 'connecting,' I would like to know about it, which is my second point. Thank you. Concerning the aspect of competitiveness, firstly, the network part is an area where each company can strive and compete with each other, and I think that's good. The competitive advantage in this area includes the time axis or time-to-market, meaning when we can deliver to customers, which I believe is an advantage of being ahead. Currently, we have a considerable number of 5G base stations, and we have firmly established 5G areas, including Sub-6 and SA, and are competing in this space. This is an area where we truly want to strive and compete to deliver to the world. Another aspect is how we utilize technology. This time, we successfully incorporated the value of three types of communication into our plans, and many new technologies are emerging. The challenge is not to let these technologies remain just as technologies but to integrate them into strong engines like our pricing plans, which is another axis of competition.

Speaker Change: So, let's now move to.

Speaker Change: So you don't know Trina I'm not sure I'm going to snap my mucci email out with him because he can machine that just because of more screens and more safety dockets that are not promoting Wuxi man I don't know.

Speaker Change: They're supposed to do.

Speaker Change: Wow.

Speaker Change: So 90 crafted Reno Macchiato silica metering Wanda mostly alibaba.

Speaker Change: China.

Speaker Change: Hi, and all you got to lose Amazon, though.

Speaker Change: Who chose who Laguna Karsten Laguna this getting them on my mother listen M&A talk in alumina does a lot more conoco shut a system that can most of his name and although they close or shut the agree with yoki there you're at almost the muscle. So we're not I don't know I know you also use it in a while.

Speaker Change: My stupid, but you can't you could be at a time that the market really musca it's.

Speaker Change: It's a yamanaka knee market you tend to look at it we got to go to more zinc or not you see that almost any must know de Lima, but actually the Milan, hi, Regina yoga more so because I'm always see an all fiber JD is obviously, it's at iridium or Scott could you forget that we did not.

Speaker Change: Coastal states Mccook Rod isn't there when does this autonomous vehicles or citizen it you're not going to look at the type of industry.

Speaker Change: When we talk to that.

Speaker Change: You kind of called the technology, not just to name a comb guy who might be listening. It sooner. So as you know cut you do get or put any clinically investigate them or most of it that actually gets the Sunday ticket to locate their field.

Speaker Change: So I didn't know tons out of technology, you forgot that today or what else isn't it isn't it you kind of called you'll know corn or whatever that you thought you can put on there and a uni I know you in theory.

And unique clinical and they give you got to go to that mojito to norm Oh. So you could have the notary Muslim there so kunal.

Speaker Change: Oh.

Speaker Change: I believe that not losing in terms of timeline and speed is one axis of competition, and I want to work hard on that.

Speaker Change: Non discounted you can't recruit Spiro can the market and are you going to stick with the animal. He does know my torso Norma and logic cannot almost unnoticed fuqua secreto come about the extent to almost every month.

Speaker Change: Thank you.

Speaker Change: Rentals.

Speaker Change: Yes, thank you, Mr. Kikuchi. Now, if there are any questions, yes, then Mr. Nomura, the mayor and Mr. Masuno, please go ahead.

Speaker Change: I hear somebody at the OEM side, and so that's really there were small number but I don't know.

Speaker Change: Russia can muscle or somebody else corner biomass.

Speaker Change: I assume you're saying numerous broker messaging that is true.

Speaker Change: With this room you won't do it.

Speaker Change: Cherokee you stick to.

Speaker Change: International posted strong second quarter.

Speaker Change: Oh gosh things.

Speaker Change: So it also admitted to the Smith once that took stroke doing argue acronym Mario Giannini located are more attuned to what's good for it or prototypes fish sticks to the studio manager and then our view is it towards.

Speaker Change: We reached or you could do attitude to the mine and ensuring the Turkey. This year isn't too you know Graham our corporate credit Sacramento.

Speaker Change: Curious dirty misfire.

Speaker Change: <unk> two <unk>.

Speaker Change: Music to the Smith I know tuition no extraordinary took upon surplus took on all continents gourmet give or do you keep them on their current stock brokers who accumulate.

Speaker Change: Can you the Mannkind care group, because we were at Q2.

Jorge: Jorge No Iot data center to the Charcuterie zucchini.

Jorge: In my neighborhood took us on producer Cucuta as very cute and Marc Riddick Itchy needs Greener Quoque Ingrid Aja this new Silicon and took argues correction there Microsoft game are committed to deliver her group group.

Jorge: In North America, taking rent and then kind of a peer cuckoo day, there was an Oakland here in Congress passing through Judy to do it and then Guyana synchronous U curve oriented towards some percent off or Conversely are you hearing there Ricky chili ribeye much pass into a piece of that.

Jorge: Cannot to Macquarie. None there could you kind of theater couture ability to cut the mattoon younger noon yesterday, Mr. Mariano regarding women would be food no well to execute change to a minor kicker that two more news.

Jorge: <unk> Macquarie took some young at dinner when things are good at keeping our country to human Coker and you and I assume we're not doing a lot to you know to kick in and then you can see the Cleveland market.

Jorge: We tend to grow.

Jorge: Here again with crypto set some younger too preliminary to Michael Natalie mostly an email when a sneaky to quickly wrap it up in a garage Terry can weigh in.

Speaker Change: Yes, thank you. In order to steadily move forward towards the next steps, we need to focus on creating a virtuous economic cycle. In this context, I have shared my thoughts, including the idea of reinvestment. As you mentioned, regarding the planning for this term, we need to structure it in the way we are currently doing. To achieve the EPS target, we need approximately 60 billion yen in operating profit growth, and we are considering breaking it down and executing it properly. We believe that each component will sustainably continue to grow, and we plan to add to that growth. Earlier, I mentioned the time frame...

Speaker Change: Hi, I have two of them.

Speaker Change: So again you look at the no Mark let's go start in all months. She kind of gave another night I need to sneak in one case, a cogent can do go today, I know Congress must hate or stick with the moment of committed.

Speaker Change: This actually is a date or you must know hemo statutory this name on all at all comer chemo commit at any kind of stay modestly Monday on a consolidated commodity taken I E 30, Mustang mono EPS it does too.

Speaker Change: Colin you are eager to a key did I say, it'll teikoku Jetblue know Los Angeles Fernandez get them all so they're scary boom guys to this net equity cost Acritical talk on items. They could you got it all sustainable anymore. So there's an interesting statistic.

Speaker Change: It's interesting.

Speaker Change: If you look at the Monaco this niche and I spoke when you suddenly quite they could go to their cycle the tunnel.

Speaker Change: Ill she may start to go to just get them all quota.

Speaker Change: Previously,

Speaker Change: Easing at all.

Speaker Change: The seeds that were sown are now growing, leading to sustainable growth in areas like finance and, as with this time's Lawson, the energy and business segments. While these areas exist, the idea is that each can have room for growth. It's not a linear growth; in the growing areas, we want to overlay AI, as mentioned earlier, to further expand and consider the next mid-term phase. Of course, we need to think carefully over this year, but it's not about having a quick fix right now. Instead, the idea is to leverage the existing operations across all industries with data-driven AI to further enhance and expand what we currently have.

Speaker Change: And Neil Mehta monogamous age of 68. My you look stickiness is not data can you without OCA Macomb granular always almost always get them or you may have at the beginning segment this quarter in Iowa, and the audits tomorrow. So you'll certainly not here. So it is really an obesity or most of the materials and I got to know that.

Speaker Change: Kind of like this there are no linear not it'll be there and Actavis net associates Yasuda Joy QR code, such Illinois E M. A publicity Disney and a set of needs.

Speaker Change: Total <unk> Joseph Citi can.

Speaker Change: Can you ever get a consolidator you took out of the atmosphere.

Martin: Martin on the same clinical U can English neither can I get your name is getting them all you want.

Speaker Change: So we do have good taking them one of them out we got to go to their next it isn't it.

Speaker Change: Then yours, you know operating embodied Ohio to consolidate I forget the AAD scary thought he might add them on those that I need a bunch of cash sitting on our state of Connecticut Danielle.

Speaker Change: Yes, thank you. In the coming mid-term, from summer to autumn, I think we will have various opportunities to talk, so I hope we can have those opportunities again. As for the second question, regarding this price revision, I've been observing for a long time, and I think this is the first time in 30 years in the industry that the fees for existing users have been changed. I believe this has been realized not as a price increase but as a service revision by adding new services. Although there is a risk of backlash, considering the various conveniences like the included Ponta Pass and Starlink, and the 300 yen or 3 coins, it seems relatively acceptable. We won't know until we try, but I think consumers can understand it to some extent. What I would like to ask is, since this change affects all users at once, I think there will be a significant impact on sales and profits. To what extent has your company included this in your current fiscal plan? I don't think the first year will include all 12 months, but I would like to know what kind of revenue impact this will have. I understand it might be difficult to discuss in front of customers, but if you could share how much of a positive impact this will have, I would appreciate it.

Speaker Change: Right.

Speaker Change: It's not the answer Curt BRCA and that's good actually in cricket or even more and I'm sure for the chart or what are we missing my personally.

Speaker Change: You're talking about the more you Miss the new Meredith conquering reopening currently to do that.

Speaker Change: This is one of them mature in this graph and.

Speaker Change: So new user I know, New York and required the Joker zones or anything like that.

Speaker Change: And that's the one that mono Cordova, Tennessee services, three christa and or the Americas generic demand high data.

Speaker Change: To get to the three institute or who wanted to schedule more my I know humpert through more or so adding this guy Mar height Dupont type of stroke are studying broker.

Speaker Change: Thanks to my somebody agreeing to city. According to Tukwila, contrary to what he took on or not because you.

Speaker Change: Might have turned into opening schedule. She was your murderer.

Speaker Change: If you didn't know you cannot move to Mustang well question I know Cory I'm, representing user I communicated.

Speaker Change: You know I know you were there you do create your auditor among this growing.

Speaker Change: Sure.

Speaker Change: Not at all the snow cone sticker docomo, they hate doing Akamai Geneva Zumba two on the just through the two junior creates hydrocodone item on this where do you see the impact to go out and look at doing or what to do.

Speaker Change: Sooner or trends you might've been identical means grocery telemundo scared them all in.

Speaker Change: The rigor echoing a production cut.

Speaker Change: Most of your growth this year with two mines.

Speaker Change: Yes, thank you. It's not just about this service revision.

Speaker Change: Hi, I know, how you got those Amazon, who kind of know cybersecurity duckett till you look at their name they become more and more.

Speaker Change: In terms of this period's structure, we are considering mobile revenue to be around 30 billion yen. For financial energy and Lawson, we are considering something on the scale of 20 billion yen. Furthermore, as a business venture, including the growth in the IoT and other growth areas mentioned earlier, we are looking at a scale of 40 billion yen. Additionally, with the realization of technological structural reforms, we are considering a scale of 20 billion yen. In total, we aim to grow this into a solid block of approximately 110 billion yen. On the other hand, as mentioned earlier, there was a table on the right side, and we are considering a decrease in Rakuten roaming revenue, returns to our partners this time, and one-time expenses such as the relocation of our headquarters, which amounts to about 50 billion yen. Therefore, we are planning to create an additional 60 billion yen.

Speaker Change: Hunky Noma community citizen here, how do you call them, although the Shunyata Honda Coca and good I know.

Speaker Change: I know many.

Speaker Change: People they can write their ot muscle. She can you integrate it also on the India Corkwing keyboard normal non connected and suddenly I business or do you go with those statements.

Speaker Change: My Mum, and North Dakota, mosaic Goudeau, CBOE, keno and you'll see it you'll have committed equity that you only have cocoa and keyboard and Cisco gets goes okay. Cocoon audits again, then you kook incubated within two days. They taste is seeing how quickly I'm glad I know I know I don't want to stick with sky towards Acos Ice's data you kind of guide you must it they put it I know, it's like little Nicky Guy in Yoga and you.

Speaker Change: Must look at it the more I know nocturnal looming issue and you know again, the stoker conquer I know, Matt on the partner somebody who couldn't game, but how do I say no no no.

Speaker Change: Suddenly demand suddenly casino modality coda more committed it isn't it.

Speaker Change: How quickly they come right from the very depressed little telco quotes could equal to you and I got any you know they're pretty much.

Speaker Change: Kunal.

Speaker Change: This is the first cycle, so to speak, and from now on, we must continue to invest and create value in the future. In that sense, we are considering 30 billion yen in mobile revenue. In preparation for the launch of this service, we have been having extensive discussions internally since last year. As you mentioned, the key is how we can provide value that satisfies our customers. For us, the keywords are safety and security, ensuring peace of mind when traveling abroad, when out of service areas, or even in crowded places. If we can offer value that provides such peace of mind, we believe our customers will be satisfied. Based on this, we have set the price accordingly.

Speaker Change: What are you guys. All know issue you got June Gundy Atlas <unk> critical to I know, it's like either can you might recall southern added torchy that the neatest name. So in our country's a quick sneak in Nike like he must have no. There is sustained me. They are this year and EMA a mobility issue and it was just on the Google contract. It you've got to do with them with the cool Guy No no no no no sorry, This guide down but the one thing that you don't need us.

Speaker Change: So Colin goes to call Tonight, and you don't want to stay clear of the Mustang you know what I'm doing.

Speaker Change: I will say that all you can eat granola country. Then I took Oh, you said like you look at the IPO, we're ready to start answering and then one on the Kiva, though there still isn't it.

Speaker Change: But I need particular machine Kingdom, didache, demolishing a lever to the contractor so the Guatemala, India, what's great I'd like you to cut your the Alibaba and they'll go not to beat a regulatory equal to move money to this and there are no take Oh city hospitality that'll help with anything else.

Speaker Change: Thank you very much. That's all. Thank you, Matsuura. Next, if anyone has any questions, Okumura from Okayama Securities, please go ahead.

Speaker Change: I'd have to agree with Richard.

Speaker Change: Most of them already have those Amazon. It's really there was someone that I've got like issue I know because I'm sure Kevin Kumar Okumura somewhat irrational in asthma.

Speaker Change: Thank you very much. This is Kumagai from the Okayama Fire Department. Nice to meet you. I have two points to discuss. Firstly, I would like to know your thoughts on leverage going forward. Kyogyo has decided to invest with more leverage, but I would like to know if there are any changes in your company's perspective on maintaining or setting an upper limit for the net leverage ratio. If there are no changes, please also explain the background for this. This is the first point.

Speaker Change: And it was almost two questions real quick.

Speaker Change: Total newtons, kimono, liberating or Qatar or simply to an after tax gain in Oklahoma with EMR Gama.

Speaker Change: But everybody took okay. The two stroke whenever we want our kids don't set the mosquito more emotional and put them on a traditional due to Corona, maybe sneaking me central car magilligan to kind of come back with any hint kabardino car to car mica <unk> nugget, a box on a hike I'm optimistic.

Speaker Change: You know like two minutes.

Speaker Change: Okay.

Speaker Change: Yes, thank you. Regarding this part, currently, our NetZ EBITDA is around 1.5 times. This is excluding financials, but we are considering leveraging our financial leverage more effectively to direct it towards growth. We will be discussing and examining this as part of our next medium-term plan. For example, if we increase it from 1.5 times to 2 times, we will have a capacity of about 1 trillion yen. We intend to allocate such resources towards investments as well.

Speaker Change: I don't know how you got those Amazon, who nobu and none this get it the more money you might this net net is it the EBITDA that isn't it angle Baie granularity Mckee you. Another key date didn't get them all.

Speaker Change: Excellent question.

Speaker Change: Core studies aimed at budgets joke.

Speaker Change: This new research Tony if you look at the eight titled Uranium right, there, where the Mustang I know macro anymore. So you know what you gain them and get them you don't can't do not go to a sticky musket anymore.

Speaker Change: Mark.

Speaker Change: Are you able to eat tangled like when you might do you put on any muscle and also no Yo Yo Yo casino might join Greg Mighty muscle and so someone noticed she caito autos hemophilia, who can dictate the vehicle Oems.

Speaker Change: Yeah.

Speaker Change: Just to add a bit more information, it seems that the financial hero Financial's reserve ratio has exceeded 100%. Is this level normal for your company, or is it something that you need to be concerned about, like having to control it in the future? Could you please confirm whether or not we should be worried about this?

Speaker Change: Alright understood.

Speaker Change: Get them all in.

Speaker Change: Now I know and you can answer Renault and retired at Gulf.

Speaker Change: Powell quintic.

Speaker Change: Do you consider theyre confident in a lot of commercial into day, one stage one unusual nano God because you don't know who can go into those sign ups recognize Oklahoma solution personal clean two equity investments.

Speaker Change: Right.

Speaker Change: Yes, well, thank you. So, regarding that rate itself, we would like to keep it a bit more controlled, or rather, we believe we need to increase the deposit portion a bit more. In this area, traditionally, we have been focusing on our own bank for deposit strategies, but in addition to this, we have launched a project on how to increase deposits across the entire group. We intend to leverage the full strength of the group to work on acquiring more deposits.

Speaker Change: Hi April.

Speaker Change: So I think that's what we saw this nice O'connell.

Speaker Change: But it's not more squishy also at each day to come on the Yo Yo keen nobu boom with its name most cushy, if you're speaking to kick in either you're going to come later in Mustang and economic boom a module that is you've been getting cachucha neatest thing here I know you cannot my subgroup toy adult understand macaroni Kuwait to this study and the group is in data.

Speaker Change: Oh economical if we actually got even a project that's regulatory muster represent then Scott Scott Peterson at working capital grow how can take data connectedness.

Speaker Change: Regarding the second point, I would like to ask for comments on shareholder returns from the next fiscal year onwards. If we respond to the sale of large shareholders like this fiscal year, the total return will be close to 100%, which limits the room for investment. Could you please comment, to the extent possible, on how you currently view the balance between returns and investment from the next fiscal year onwards? Thank you.

Speaker Change: Alright, with Amazon you can man on this get them all.

Speaker Change: Nike equal no so no covenants congonhas to current treatment.

Speaker Change: No doubt about that.

Speaker Change: And I won't give you Danny and all covenants and the bank a good tone.

Speaker Change: Anytime secreted for silicon going on we have our Skagen atone Dan.

Speaker Change: Unfortunately, Mansfield should you know balance of course again theoretically.

Speaker Change: This get more blocky quotes on all counts.

Speaker Change: <unk> torque portion of Bonanza, and Al I believe huni instantly, unlike and I shall continue to grow and kind of behind the commentary track them official notice.

Speaker Change: I see. I believe this is about maintaining a good balance between returns and investments. As I mentioned earlier, regarding cash allocation, on one hand, there is the aspect of leveraging financial leverage, and on the other hand, we need to ensure proper shareholder returns while also engaging in new growth investments, including M&A and capital investments. I think this is what you are referring to in terms of balance. We would like to consider this with a view to examining financial leverage as well. Thank you very much for your detailed explanation. That is all.

Speaker Change: So listen my corner more gung into my Porcino, but honestly Oscar it what they could do go to the Moon. This gives them more and also good old mosaic authority microtia location and clarity by this name I know Mark up there because I believe that you would consider typical to the MLC they pull their pick up in the sky and gaining most studies two of them are snuggled on.

Speaker Change: I thought I should say total sheet and they've committed to say to the Tuitions Committee takes the economy, but as you look at the starting with the one that's getting more Google what his name is squishy that everybody's in hormone Cantor and Oceania editor isn't it.

Speaker Change: They don't materialize.

Speaker Change: Well then he was asking me to ask my started when I was talking to them.

Speaker Change: Yes, thank you, Mr. Okumura. Next, for questions, yes, Mr. Tokunaga from Taiwan Province, please go ahead.

Speaker Change: I, a O coming off Marty that there wasn't much that so if they were small and then look at the height of daiwa sugarcane talking about somewhat irrational in asthma.

Douglas: This is Tokunaga with the first question. I have two questions. The first one is about the competitive environment. Docomo has already partnered with DAZN and raised their high-price range, while SoftBank and Rakuten have not really followed suit yet. Considering your company's current pricing strategy, is the current situation brighter for your company compared to when you created your guidance? Or is it a situation where you need to see other companies' plans to understand? I believe the competitive environment will change significantly between the high-price range and UQ, so please share your current perception of your company's competitive environment. This is the first point.

Douglas: Douglas you can figure out what it was.

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Douglas: No on all of them are only going to King Carter, who might have to give me an oral multimodal Joel Guten also need to take or more ago. He knows what's good total beauty more I'll call regional geological My thumb I Empathize you also know Omar on the or put them into a network why don't I joke in on the joke I talk when you Mark Wilcox Burrito or you acute it isn't it isn't going to kill US we're going to go.

Douglas: They could have them on the mono people don't always on of course, we're going to get taught me, we'll share it with us I E. The medicine.

Speaker Change: Yes, thank you. I think it's about the competitive environment, so I'd like to ask Takezawa from the personal side to comment a little.

Speaker Change: Hi, how are you doing.

Speaker Change: And Omar can also can go to you go to a demand that's going to put it I know to the person on a normal because on the whole cannot squishy increment on that I'd say 20 months.

Speaker Change: Hi, English commodity that's what I'm, saying the person who took a static thing like email for concha to continuing to do that.

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Speaker Change: The accordion car or critical mass equal so we'll still get some money on this niche.

Speaker Change: Yeah, whatever they tell me that the flu season.

Scott Peterson: Hey, Scott.

Scott Peterson: You will start the call today by duty D&O.

Speaker Change: It's crusty to date on this little cartoon character will kick somebody to look at it.

Speaker Change: And all the time, we go through that mathematical Knowhow to e-commerce.

Speaker Change: Thanks.

Speaker Change: Cmos are you junior concept will open on this will continue on your mobile phone.

Speaker Change: Additionally to the U K you want even more what they took all on called IMO multiple because one could call it extraordinary or Bob Macdonald E S.

Speaker Change: Yes, thank you. Regarding the UQ part, we have simplified it into two options this time, and we have prepared one of the tiered plans as 'Tokutoku 2'. In what we have prepared this time, actually, the gigabyte amount has been significantly doubled compared to before.

Speaker Change: Hi, Andrew.

Speaker Change: You cannot move when you cant see much do Oh guy whatever country, you sheep kosowsky, Turkey much there.

Speaker Change: Oh, No final cadent Gartner put on autism. It took to do you continue to grow you'll sestito Nicholas.

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Speaker Change: We are adding other values along with it, creating a certain structure. To speak quantitatively, for example, with something like 'Subscription Plus,' if there are people who only want to watch Netflix and want to do so à la carte, 20% of them return, which results in an economic benefit of just under 200 yen. Although I have no idea how SoftBank will approach this, regarding the plan we are proposing to our customers this time, I believe we are providing a certain value to our customers and an economic benefit, including this. That's what I think at the moment. That's all. Thank you. The second point is about the change in KPI. From this time, we are talking about mobile revenue, which is a combination of what we used to look at as Mobile2 and added value. Mobile revenue includes not only communication revenue but also insurance and content, and I think it involves extracting finance. Regarding the change in the KPI that your company is targeting, what is the aim? For example, is it easier to sell insurance or content, or is it that content can be more easily added with added value, or is it that you want to sell Contapas, among other things? I would appreciate it if you could explain the qualitative and quantitative aspects of this definition change. That's all.

Speaker Change: Not doing much there is sort of a.

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Speaker Change: Some unequal teens has stated ATI to put any kind of Oh do we tend modestly kicks them I know it'll take a little kids I make talk I'll quote him of can they take will take them subsidy Tonight and I cannot do you monitor what our connectedness.

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Speaker Change: So now I'll go to your calls your most demand boiling it I've always told people more whole short about one being overly yasutaka more content that are on the Ido to EMA hop yours did hold anymore. You know the scorecard at scale, so Yokohama multiple intervals to reiterate without open when he must get them all but one of our ongoing ortega him. When he goes through his name the TSA, maintaining only voices and they've already bought IDC journeys.

Speaker Change: I would like to start by saying that with this service revision, or rather, the new service and pricing plan, one aspect is that the boundary between communication and added value is disappearing. There is a question of how this will evolve as a plan in the future. We emphasize added value with things like the Pontapass and Subscription Plus. However, on the other hand, with the Value Link Plan, the output will be presented, so it might be better to show related added values as a whole. This has been the trigger for the change. As for finance, due to the nature of the business, it is better to show it separately, so the financial business is kept separate.

Speaker Change: I know he took the facial and he or she must get them Omar who great honeymoon Congress cybersecurity better. She decided is your game plan and it isn't it.

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Speaker Change: Thank you very much

Speaker Change: Well go to line of sight.

Speaker Change: Yes, Mr. Tokunaga, thank you very much. Well then, it's about time, so we would like to limit the questions to one more person and one question. If you have a question, please raise your hand.

Speaker Change: I don't know why somebody got those they must.

So anyway. So those are largely gone to nine months ago. They were smart or study cuts really each month, especially executive with only a small amount, but I guess you only write as much.

Speaker Change: Yes, then Morgan Stanley Securities, MFG Securities, Mr. Tsukada, please. Yes, Mr. Tsukada from Morgan Stanley , please. I would like to ask for your thoughts on how KDDI will earn in the future. This is because what shareholders demand from the stock market and what your company executes do not necessarily link together.

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Speaker Change: The Plano have putting it to work to Saudi was shown to Oh kept some no more automated cryo my my Dictynna Hydrocortisone don't take it to stick with my enterprise and when you I don't know cannot do you feel you're almost there already much there and or maneuver, where you think you could ever achieve on cans and I don't know what the Shin oak upon Schumer I E.

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Speaker Change: So talking about Matt Rosen.

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Speaker Change: Nissan where did this give them all but I know it was at the my ICT solution with its name of tubing Okonjo. That's the one that's getting them all and I'll take you will stick with the universe like I said I'm a lot Mike.

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Speaker Change: Mike and Tim penalty income authority Muslim the so called day, whatever they got done a decade ago.

Speaker Change: <unk>.

Speaker Change: For example, when it comes to AI processing, it's not just about centralized AI processing, but rather moving towards a distributed processing approach. In this context, the location becomes important, not only for our base stations but also in general. We are considering our collaboration with Lawson in terms of whether we can find a good synergy in such situations. This is not just about the retail industry, but also about taking a forward-looking approach, and we are working on this with that perspective in mind.

Speaker Change: But they are they are you know certainly the hemophilia FAA itchy chicken, taking actually Nokia and Alcatel Lucent IC studio. So you could do now that any nothing really there are no. Other nonstrategic almost all this get them or locations that you are not that good so where they can eat synergy gum. He doesn't they've got to go to more of a committee, but also on Sentinel to recommit to accommodate the lean muscle mass.

Speaker Change: He doesn't know commodity too Cody give you kudos lucky there now because it isn't there, but the Okinawa.

Speaker Change: Secondly, Mister car wash their hands are two critical massage it and I did it was a mess.

Speaker Change: Yes. Thank you, Ms. Chidaka.

Speaker Change: I ate some idea towards Amazon.

Speaker Change: With that, we have reached the end of the KDDI fiscal year ending March 2025 financial results briefing. Thank you very much for your participation and viewing today.

Speaker Change: So what do I, what are you going to have any much time all day.

Speaker Change: And what's your moustache, Yeah, you said, usually when asked and let's keep it sounds just to make I asked you to do it unless it was I forgot what Stryker and Mako, Tony How you got those I myself.

Yeah.