Q1 2026 KDDI Corp Earnings Call
Hiraoka: それでは。
so,
Hiromichi Matsuda: We will now begin the financial results briefing of KDDI Corporation for the first quarter of fiscal year ending March 2026. I am Hiraoka of the Public Relations Department and will serve as the moderator today. This briefing will be held in this venue and also broadcast live on YouTube and other media. Three financial results-related materials and one timely disclosure material are posted on our IR website. For the attendees in the venue, please check your handout. Let me introduce the participants today: Hiromichi Matsuda, President, Representative Director, and CEO. Nanae Saishoji, Senior Managing Executive Officer, Director, CFO. Tomoshiko Katsuki, Managing Executive Officer, Director, CSO, and CDO. Kenji Akita, Executive Officer and Executive Director of Corporate Management Division. We have four participants. President Matsuda, please. Let me explain our first quarter financial results for the fiscal year ending March 2026. First is our consolidated results.
We will now begin the financial results briefing of KDDI Corporation for the first quarter of the fiscal year ending March 2026.
I am Hiraoka of the Public Relations Department and will serve as the moderator today.
This briefing will be held in this venue and also broadcast live on YouTube and other media.
3 financial results, related materials, and 1.
Timely disclosure materials are posted on our IR website.
For the attendees in the venue, please check your handout.
Let me introduce the participants today.
President representative director and CEO.
Managing executive officer director CFO.
Managing Executive Officer Director, CSO, and CDO.
Kenji, an executive officer and executive director of the corporate management division.
So, we have 4.
Participants president matsuda, please.
Let me explain. Our first quarter financial results for the fiscal year ending March 2026.
First is our Consolidated results.
Hiromichi Matsuda: Revenue increased and profit decreased on a consolidated basis, but progress is in line with the initial forecast. Top row, operating revenue was ¥1,436.3 billion, up 3.4% year-on-year. Middle row, operating income was ¥272.5 billion, down 1.6%. Bottom row, profit for the period attributable to owners of the parent was ¥171.1 billion, down 3.3%. Next is factors for change in consolidated operating income. Although profit decreased due to one-time factors, growth in core business is leading to steady progress against the initial forecast. From the left, mobile on personal services segment basis aims for a year-on-year profit increase of ¥1.9 billion, and our initial forecast of full-year profit growth of over ¥30 billion. Financial and energy businesses combined were up ¥6.2 billion. Lawson's equity method profit was up ¥5.7 billion. DX was up ¥2.9 billion.
Revenue increased and profit decreased on a Consolidated basis. But progress is in line with the initial forecasts top row. Operating Revenue was 1 trillion 4336.3 billion yen up 3.4% year on year middle row, operating income was 272.5 billion yen down 1.6% bottom row profit for the period attributable to owners of the parent was 171.11 billion yen down 3.3%.
Next is factors for change in consolidated operating income.
Although profit decreased due to time factors, growth in core business is leading to steady progress against the initial forecast.
From the left mobile on personal services segment basis, we aim for a year-on-year profit increase of ¥1.9 billion. Our initial forecasts for full year profit growth exceed ¥30 billion.
Financial and energy businesses combined were up ¥6.2 billion.
Hiromichi Matsuda: Technological structural reform was up ¥3.2 billion, and the impact of prior year's promotional expenses, including a ¥7.3 billion one-time expense, was ¥21.4 billion. Including others, such as return to stakeholders and decrease in raft and roaming revenue, operating income was down ¥4.4 billion. However, as mentioned here, our core businesses are progressing steadily, and the impact of sales promotion expenses was factored in at the beginning of the year, so it is in line with our forecast. In the full-year results briefing in May, I touched on two points on the left regarding our commitment for the next growth. As shown on the right, in order to create new value through digital data and AI, we will focus on growing our foundational power to connect and make it a strong competitive foundation of KDDI.
Here, our core businesses are progressing steadily, and the impact of sales promotion expenses was factored in at the beginning of the year. So it is in line with our forecast.
In the full year results briefing in May, I touched on two points on the left regarding our commitment for the next growth.
As shown on the right.
Hiromichi Matsuda: To achieve this, we will provide the value of connected experience and expand the telecom business foundation both to see and to be. As the outcome of these business activities, it is important to grow our mobile revenues, which is communications plus value-added services in both personal and business services segments. To show the progress of our growth to all our supporting stakeholders, we will change and promote our KPI disclosure. This shows the mobile revenues status for personal and business services segments combined. Left side, mobile revenues were ¥550.6 billion, up ¥7.6 billion year-on-year. In the center, mobile ARPU was ¥4,340, up ¥60. Right side, the number of smartphone subscriptions increased by 450,000. We are committed to enhancing the power to connect and aim to further grow our mobile revenues.
In order to create new value through digital data and AI, we will focus on growing our foundational power to connect and make it a strong competitive foundation for KDDI to achieve this. We will provide the value of a connected experience and expand the telecom business foundation, both to see and to be.
As the outcome of these business activities, it is important to grow our mobile revenues, which is Communications Plus value-added services in both personal and business services segments.
To show the progress of our growth to all our supporting stakeholders.
We will change and promote our KPI disclosure.
This shows the mobile revenues status for personal and business services, segments combined on the left side. Mobile revenues were 550.6 billion yen, up 7.6 billion yen year-on-year in the center. Mobile RPU was 4,340 yen, up 60 yen.
On the right side, the number of smartphone subscriptions increased by 450,000.
We are committed to enhancing the power to connect, with the aim of further growing our mobile revenues.
Hiromichi Matsuda: Mobile revenues in the personal services segment grew steadily up ¥2.3 billion year-on-year by promoting initiatives of communications and value added. Right side, in Q1, mobile ARPU and smartphone subscriptions are steadily increasing, and new plans offering connected experience value are well received and are off to a good start, which I will elaborate later. Both brand migration and churn rate trends have improved. We think this is a good sign. We expect significant growth in the second half, including the impact of service revisions, and will continue to aim to achieve a virtuous economic cycle. The new plans launched in June are off to a good start. Left side, new value of connected experience such as AU 5G Fast Lane, AU Starlink Direct, and AU Unlimited Data Overseas is very well received.
Mobile revenues in the personal services segment grew steadily.
Up to ¥3 billion year on year, by promoting initiatives of communications and value-added.
Right side.
In q1.
Mobile RPU and smartphone subscriptions are steadily increasing, and new plans offering connected experience value are well received. We are off to a good start, which I will elaborate on later.
Both brand migration and churn rate trends have improved.
We think this is a good sign.
We expect significant growth in the second half, including the impact of service revisions, and will continue to aim to achieve a virtuous economic cycle.
The new plans launched in June are off to a good start.
Left side.
Hiromichi Matsuda: As a result, about 80% of users chose AU Value Link Plan and Unlimited Data Max Plus that bundle worry-free, unlimited data use and the value of connected experience. To further promote the appeal of experiential value, a TV commercial was launched today featuring Mr. Takao Osawa as the King of Invincibility. Right side, about 40% of users chose Komikomi Plan+ value with the largest data capacity due to increased data usage. Driven by the value of connected experience and increasing data demand, our reliable large-capacity plans are highly popular. Next is on KDDI's strengths, 5G network. KDDI Corporation is enhancing our competitiveness further by also achieving number one rating in 5G SA standalone, which is the true value of 5G services. Left side, we will exert our competitive edge as we move toward the full deployment of 5G SA.
The new value of connected experiences, such as Au 5G Fast, Lane Au Starlink Direct, and Awe Unlimited Data Overseas, is very well received. As a result, about 80% of users chose the Au Value Link plan and Unlimited Data Max Plus.
That bundle worry-free unlimited data use and the value of connected experience.
To further promote the appeal of experiential value, a TV commercial was launched today. Featuring Mr. Takao Ozawa as the King of Invincibility.
Right side, about 40% of users chose a plan value with the largest data capacity due to increased data usage.
Driven by the value of connected experience and increasing data demand, our reliable, large capacity plans are highly popular.
Next is on KDDI's strength, 5G network.
KDDI is enhancing our competitiveness further by also achieving a number one rating in 5G FAA Standalone, which is the true value of 5G service. We will exert our competitive edge as we move towards the full deployment of 5G SA.
Hiromichi Matsuda: Top row, 5G SA is available at all 41,000 sub-6 base stations, the largest number in Japan, making us area number one. In Open Signal's 5G SA network experience analysis in Japan, released yesterday, we achieved number one in all six categories. Furthermore, we began operating sub-6 base stations compatible with two frequency bands. Simultaneous deployment of two frequency bands can double the installation efficiency and communication speed. Right side, AU 5G Fast Lane, which offers the number one rated 5G SA communication quality, was launched in July. Smooth communication during peak hours is well received. Measurements after the service launch in July showed that communication speed on Yamanote Line was about 1.9 times faster than normal. Although applications are required, it is being used by many people at a fairly rapid speed.
Top row 5G SA is available at all 41,000 sub-6 base stations, the largest number in Japan. Making us area number 1.
In OpenSignal's 5G SA network experience analysis in Japan, released yesterday, we achieved number one in all six categories.
Furthermore.
We began operating sub-6 base stations compatible with two frequency bands.
Simultaneous deployment of 2 frequency bands can double the installation efficiency and communication speed.
Right side.
Au 5G Fast Lane, which offers the number one rated 5G, has communication quality that was launched in July.
Smooth communication during peak hours is well received.
Measurements.
After the service launched in July, it showed that communication speed on the Yamanote Line was about 1.9 times faster than normal, although applications are required. It is being used by many people at a fairly rapid speed.
Hiromichi Matsuda: Furthermore, AU Starlink Direct and AU Unlimited Data Overseas connect in out-of-service areas and overseas to support customers' daily lives and sense of security. AU Starlink Direct is highly rated for reliable connectivity at sea and in the mountains. We will also further enhance features that support the sense of security. From the end of July, on Android device, the video receiving and sending is also possible. Data communication will start this summer. 66 models and over 9 million devices have become compatible with the service, covering 1 million unique users just three months from launch. Right side, AU Unlimited Data Overseas is well received for our competitive pricing, convenience, and communication quality. The pricing benefits are particularly compelling, with about 60% of users who used the service in June subscribing to the bundled communication plan.
Furthermore, au Starlink Direct and Awe provide unlimited data overseas, connecting in out-of-service areas and overseas to support customers in their daily lives and sense of security. au Starlink Direct is highly rated for reliable connectivity at sea and in the mountains.
We will also further enhance features that support this sense of security.
From the end of July on the Android device.
The video.
Receiving and sending wills is also possible.
Data.
Communication will start this summer?
66 models and over 9 million devices have become compatible with the service, covering 1 million unique users—just 3 months from launch.
Right side. Our unlimited data overseas is well received for our competitive pricing.
Convenience and communication, quality.
The pricing benefits are particularly compelling, with about 60% of users who utilized the service in June subscribing to the bundled communication plan.
Hiromichi Matsuda: This will help Japanese people travel abroad easily and hassle-free without the need for a Wi-Fi router. This is the impact of multi-brand strategy that was redesigned along with service revisions. It worked as expected, with trends improving for both AU and UQ Mobile. Left side, trends improved by enhancing the attractiveness of AU and by widening the value gap with UQ Mobile. Therefore, flattening brand migration is in sight for FY March 2026. The number of users migrating from UQ Mobile to AU continues to increase, growing at 1.4 times year-on-year. We will continue to promote the attractiveness of AU and aim for further growth. The number of users migrating from AU to UQ Mobile also dropped significantly in June because it is also available overseas.
This will help Japanese people travel abroad easily and hassle-free, without the need for a Wi-Fi router.
This is the impact of the multi-brand strategy that was redesigned along with service revisions.
It worked as expected with Trends, improving for both awe and yuck mobile.
Left side.
Trends improved by enhancing the attractiveness of awe, and by widening the value gap with UQ Mobile.
therefore,
Flattening; brand migration is in sight for FY, March 26.
The number of users migrating from UQ Mobile to au continues to increase, growing at 1.5 to 4 times year on year.
We will continue to promote the attractiveness of awe and aim for further growth.
Hiromichi Matsuda: On the right side, the churn rate is showing a similar effect, with AU maintaining a low level and UQ Mobile improving significantly in June. The same trend continues in July. Recently, the industry has been working hard to encourage long-term usage rather than short-term cancellations. We will also redesign our structure to focus more on lifetime value. Next is Ponta Pass. As a contribution to KDDI Corporation's growth and contribution to Lawson's growth, starting June, we have been promoting the attractiveness of Ponta Pass. From June 17, we started in-store membership registration at Lawson, which is very simple, and about 80% of new memberships are non-AU ID users from other companies. Through these initiatives, we aim to achieve a net increase of 1 million members for the full year. Next is financial services. While many companies are focusing on finance, let me reiterate the strengths of KDDI Corporation's financial services.
The number of users migrating from ow to uq mobile also dropped significantly in June because it is now available overseas.
Right side.
Turn rate is showing a similar effect.
With AU maintaining a low level.
And UQ mobile improved significantly in June.
The same trend continues in July.
Recently, the industry has been working hard to encourage long-term usage rather than short-term cancellations.
We will also redesign our structure to focus more on lifetime value.
Next is Ponta pass.
As a contribution to KDDI's growth and contribution to Lawson's growth.
Starting June.
We have been promoting the attractiveness of Ponta Pass since June 17th.
Uh, we started in-store membership registration at Lawson, which is very simple, and about 80% of new memberships are non-Au users from other companies.
Achieve a net increase of 1 million members for the full year.
Next is financial services.
Hiromichi Matsuda: On the left side, we launched AU Jibun Bank in 2008 and established AU Financial Group, a holding company, in 2019 to refine and make our financial services more attractive. In 2023, we released AU Money Activity Plan, the industry's first bundled plan with telecom, and have pioneered a synergy model between telecom and finance ahead of our competitors. We are currently building a foundation to provide a variety of convenient financial services to our customers. In fall 2025, we will begin collaborating with SBI Securities to strengthen our bank and security alliance, as shown on the right. SBI Securities has been added as a partner of the service in addition to the existing Mitsubishi UFJ eSmart Securities. By using real-time direct debit with AU Jibun Bank for investment, you can receive preferential interest rates. This will also help us increase our bank deposits.
While many companies are focusing on finance, let me reiterate the strengths of KDDI Financial Services.
Left side.
We launched Au Jiboom Bank in 2008.
And established.
Au Financial Group, a holding company.
In 2019, to refine and make our financial services more attractive.
In 2023.
We released our Au Money Activity Plan, the industry's first bundled plan with Telecom, and have pioneered a synergy model between Telecom and finance ahead of our competitors.
We are currently building a foundation to provide a variety of convenient financial services to our customers.
In Fall 2025, we will begin collaborating with SBI Securities to strengthen our bank and security alliance, as shown on the right.
SBI Securities has been added as a partner of the service, in addition to the existing Mitsubishi UFJ eSmart Securities.
By using real-time direct debit with au Gibbon Bank for investment, you can receive preferential interest rates.
This will also help us increase our bank deposits.
Hiromichi Matsuda: We will continue to further expand our alliance with security firms to strengthen our financial functions with our partners.
We will continue to further expand our alliance with security firms to strengthen our financial functions with our partners.
Nanae Saishoji: The financial business's performance and KPIs are progressing smoothly. As you can see here, AU Financial Holdings' operating income increased 33% year-on-year to ¥11.7 billion. On the right, AU Money Activity Plan+, which has now reached a cumulative total of 1.6 million subscribers, has expanded our customer base, including AU Pay Gold card members, which now is 1.61 million. Moving on to the performance of the business services segment, we would like to strengthen our efforts in the focus area toward the second half of the year and accelerate our growth trend. Left side, consolidated operating revenue was ¥349.7 billion, up 4.5% year-on-year, and operating income was ¥57.5 billion, up 5.4%. The base portion up 2.5%, or ¥3.9 billion increase in revenue, and the area of growth, this is due to the delays in the integration of Altios Link or the digital BPO project progress slowdown.
The final business performance and KPIs are progressing smoothly, as you can see here.
AW Financial Holdings' operating income increased 33% year on year to $1.7 billion.
On the right, your Money Activity Plan, which has now reached a cumulative total of 1.6 million subscribers, has expanded.
Our customer base, including Au Gold Card members, now stands at 1.61 million.
Moving on to the performance of the Business Services segment.
We would like to strengthen efforts in the focus area toward the second half of the year and accelerate our growth trend. Left side consolidated, operating revenue was ¥349.7 billion, up 4.5% year on year, and operating income was ¥57.5 billion, up 5.4%. The base portion was up 2.5%, or ¥3.9 billion, increase in revenue and the area of growth.
This is due to the delays in the integration of Actus Link or the digital VPO project to progress, slowing down.
Nanae Saishoji: The growth of this area was 6.2%. Toward the end of the fiscal year, we would like to make catch-up or acceleration. In the growth area, we will focus on the high demand cybersecurity and IoT for further growth. On the left, security will demonstrate synergy with networks; it is inseparable. JSOC, one of Japan's largest security monitoring centers, LAC. KDDI leverages the strengths of LAC as well to secure large orders. Actually, we received large orders in 2025. In July, full-scale global rollout began to further expand our global business. On the right, IoT-related services. Year-on-year, 19.5%. 5,320, actually, 5.3 million, 20,000 connections were achieved. Our partner line, Soracol, they have a real-world platform, AI platform, was declared, and we are fully in agreement with their move.
The growth of this area was 6.2%.
Toward the end of the fiscal year, we would like to make adjustments or accelerate our efforts.
In the gross area.
We will focus on the high demand, cyber security, and IoT.
Forefather growth.
On the left.
Security. We will demonstrate synergy with networks; it is inseparable.
And the jaesuk are one of Japan's largest security monitoring centers. Uh, luck.
The KDDI, the leverage, the strings of luck as well, uh, to secure large orders. Actually, we, uh, received large orders in July 2025 for the scale global rollout, which began to further expand our global business on the right.
Iot related services.
Yeah, and yeah.
19.5%.
Nanae Saishoji: For the connecting for PCs, it has now been supported by over 30 models, and the Giga Schools are using it in several local governments and also at the personal PCs. Now, I would like to explain our initiatives for the next stage of growth. It is because we have digital data that we can accelerate DX penetration among Japanese companies and customers, leveraging strong AI. To achieve this, fundamental infrastructure for the AI era will become an important value for telecommunications carriers. On the right, in the AI era, here it says AI era infrastructure. Traffic volume is expected to increase dramatically, and also to utilize various data. The information, various data, including sensitive information such as personal information, data centers need to safely and seamlessly store such data.
And the 5,320, uh, actually 5.3 million, 20,000, uh, the connections were achieved. Our partner line SLE, that they have a real-world platform AI platform was declared and, uh, that we fully in agreement with their move.
And for the connecting for PCs, it has now been supported by over 30 models. And.
The Giga schools.
We are using it in several local governments. And also at
No, I would like to explain initiatives for the next stage of growth.
it is because
We have digital data that we can use to accelerate DX penetration among Japanese companies and customers, leveraging the strong AI.
to achieve this fundamental infrastructure for the AI era.
Will become an important value for telecommunications carriers.
On the right in the AI era.
Here, it's says.
AI era, infrastructure traffic volume is expected to increase dramatically.
And also to utilize various data.
Nanae Saishoji: KDDI has, as you can see, a key position to own this next-generation network and domestic AI Data Center, and we will continue to develop them. We are promoting efforts to build next-generation networks for the AI or AI era. We have a new partner here, AMD, CPU for CPU and GPU, and also DriveNet in Israel. We have alliances with these entities as well. On the right-hand side, toward an AI for network, we will work on instant recovery and network management using AI as part of the study how to use AI for AI-based incident recovery. We have begun developing a function to identify the cause of an incident, and we have successfully completed the study for the natural language level analysis. As to AI Data Center for Japanese companies and customers, we create a secure and reliable AI environment for them.
The information involves various data, including sensitive information such as personal data. We need to safely and seamlessly store such data.
And the KDDI has, as you can see,
Uh, key position to own this, uh, Next Generation Network and domestic AI Data Center, and we will continue to develop them.
So we are promoting efforts to build next-generation networks for the AI era.
We have a new partner here, AMD.
CPU for CPU and GPU.
And also Drive Nets in Israel.
We have lions with these entities as well, on the right-hand side toward an AI4 Network.
We will work on instant recovery and network management using AI as part of the study on how to use AI.
For AI based incident recovery.
We have begun developing a function to identify the cause of an incident, and we have successfully completed the study, the full, the natural language level, uh, the analysis.
As to AI data centers, will Japanese companies and the customers...
Nanae Saishoji: Left-hand side, we will build a domestic GPU infrastructure in major cities where data is concentrated. The Osaka Sakai AI Data Center is going to use the Hewlett-Packard's advanced cooling technology, and in Kama, the Telehouse Tokyo Tama 5 Second is going to open in the fall of 2027. Such AI Data Center based on GPU platform and AI services that run on a domestic GPU platform will be developed, so-called the Sovereign Cloud. The sovereign of data, the sovereign of data operation, data operation is very important. We have the Sovereign Cloud services with Google Cloud and IRET, allowing data to be securely stored and utilized. We made that announcement. In addition, we plan to offer Gemini on the GPU platform at the Osaka Sakai AI Data Center. We are also working on developing AI services that will be deployed on this robust AI infrastructure.
We create a secure and reliable AI environment for them. On the left-hand side, we will build a domestic GPU infrastructure in major cities where data is concentrated. The Osaka Sakai AI data center is going to use the heated Packers Advanced Cooling Technology.
The Till House, Tokyo Tama 5 Second.
Is going to open in the fall of 2027.
Such AI Data Center.
Based on the GPU platform and AI services that run on a domestic GPU, a platform will be developed, so called the Sovereign Cloud.
So, the other Sovereign of data, the Sovereign of the operation date. Operation is very important.
We?
They're talking about cloud services with Google Cloud and integrating data to be securely stored and utilized. We made that announcement. In addition, we plan to offer Germany on the GPU platform at the Osaka Sakai AI Data Center.
Nanae Saishoji: Left-hand side, it is about ELIZA. ELIZA has developed a medical domain-specific LLM that surpasses global standards and an inference model comparable to OpenAI's OM mini. As to AI agent, we started the real tech Lawson. For example, the other customer service robots or the support agent. We are accumulating know-how right now. We have also launched Real Tech Lawson at our new Takenawa headquarters, where we will put these initiatives into practice on site. On the left-hand side and right-hand side, there is the one and two examples shown here. In June, we opened this new convenience store for the remote customer services. More than 100 customers used them in one month, of which 30 went into contract. Especially, the online consultations or medical instructions are very well received. On the right-hand side, it is about the other Lawson. They are specially developed for office environment.
Uh, we are also working on developing AI services that will be deployed on this robust infrastructure on the left-hand side. It's about Eliza.
Eliza.
Has developed a medical domain-specific LLM that passes global standards.
And an inference model comparable to Open AI's or Mini.
As to agent.
We started the, uh, the real tech loan.
For example, the other customer service.
Robots or the support the agent. We are accumulating know-how right now.
And we have also launched the real Tech loan at our new Toca headquarters, where we will put these initiatives into practice on site. On the left-hand side and right-hand side, examples 1 and 2 are shown here.
In June, we opened this at a new convenience store.
For the other remote customer services, more than 100 customers used them in 1 month. And at the end of which, 30.
Our medical instructions are very well received.
On the right hand side.
Nanae Saishoji: Here, you do not need to wait for register using a smartphone register, and the average stay period is only two minutes. Also, the robots are selling the products of Lawson to 60 to 80 customers or employees. They are buying products from those robots every day with daily sales of around 20,000 yen. Those robots are very excellent sales staff for Lawson. At Takenawa Sandbox for the Future, we will create value by combining digital data and AI through a variety of initiatives, including digital aid represented by AI agents and physical AI such as robots, as you can see on the right-hand side. This whole town has an OS for digital twins by carving out part of this community that can be deployed into other areas or community or city. That is what we would like to achieve with the Takenawa model.
It's about the adolescent. Uh, there's actually development for office environments here. You don't need to wait for registration using a smartphone. Uh, the registration and the average stay period is only 2 minutes.
And also the robots.
At the selling, uh, the product of losses to 628 customers or employees.
They are buying.
Products from those robots every day with daily sales of around 20,000 yen for those robots. Uh very excellent sales staff for Lawson.
At Takanawa, Sandbox for the Future, we will create value by combining digital data and AI through a variety of initiatives, including digital aid represented by AI agents and physical AI, such as robots, as you can see on the right-hand side.
The this whole town as the as an OS for digital twin, like covering out part of this community that can be deployed into other the area or Community or City.
So, that is what we would like to achieve with the takeover.
Nanae Saishoji: We are going to have you understand better these initiatives. We are going to have one of the largest business events of KDDI Group, KDDI Summit 2025, on October 28th and 29th. The event will be held at Takenawa Gateway Competition Center in Takenawa, Tokyo. It will also be viewed online. We will welcome a diverse group of guests and business partners to present the latest case studies, leveraging our strengths, power to connect. Lastly, today's summary. Consolidated results for Q1 were in line with our initial forecast, despite a decline in profit compared to the previous fiscal year. New plans are off to a strong start, and the new connected experience value has been very well received. The multi-branch redesign has also been successful, and we continue to aim for a full-year profit increase of over ¥30 billion with mobile and the personal services segment.
Now we are going to have, you understand better those days, uh, the initiative, but we are going to have the uh, the 1 of the largest business events of kddi group, kddi Summit to into 25, on October, the 28th and the 29th.
And the event will be held at the Tigana Gateway Convention Center, entire Tokyo. It will also be viewed online. We will welcome a diverse group of guests and business partners to present the latest case studies, leveraging our strengths and power to connect.
Lastly, today it's summary.
Nanae Saishoji: In the financial services business, we will strengthen the bank securities alliance, and this time, we are going to have such an alliance with SBI Securities. In the business services segment, our expectation is not the other side yet, not completely, but we will strengthen initiatives in our focus areas and accelerate our growth. As initiatives for the next growth, we are making progress in building the foundational infrastructure to accelerate the adoption of digital transformation among Japanese companies and their customers. We are going to make this new initiative in Takenawa successful and then deploy it to nationwide rollout. We are going to focus on those areas. Thank you very much for your continuous support. Thank you for your attention.
Sponsored at the results for q1 were in line with our initial forecasts. Despite the decline in profit compared to the previous fiscal year. New plans are off to a strong start. And the new connected experience value has been very well received. The multi brand redesign has also been successful and we continue to aim for our full, your profit increase of over 30 billion yen, with Mobile, in the personal services, segment in the financial services business. Uh, that we will strengthen about Bank Securities Alliance. And this time, we are going to have such alliance with
Is we are securities in the business services segment. Uh the our expectation is not uh the satisfied yet not completely but we will strengthen the initiatives, you know, Focus areas and accelerate our growth the initiatives for the next growth. We are making progress in building the foundational infrastructure to accelerate the adoption of digital transformation among the Japanese companies and the customers and we are going to make this new initiative in Tech analyst successful and then deploy it to Nationwide rollout in Nationwide.
We are going to focus on those areas, and thank you very much for your continuous support. Thank you for your attention.