TOKYO, Mar 31 (Pulse News Wire) – KDDI Corporation (9433.T) reported its third quarter results after adjusting for fraudulent transactions involving circular advertising deals. The adjustments led to a reduction in revenue and profits, impacting the fiscal year 2026 third quarter earnings.
Specifically, the company revised its revenue down to ¥698.0 billion and operating profit to ¥396 billion for the nine months ended March 31, 2026. The company also disclosed that it had recognized external outflows amounting to ¥646 million due to the fraudulent activities. Additionally, impairment losses related to goodwill and intangible assets were recorded, leading to a decrease in net income to ¥334 billion compared to previous estimates.
In response to the findings, KDDI emphasized its commitment to implementing robust measures to prevent recurrence. Key initiatives include strengthening transaction management, enhancing internal controls, and reinforcing governance structures across the group. The company plans to address risks associated with new ventures and improve oversight mechanisms to ensure transparency and accountability moving forward.
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