Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

Okinawa Cellular Telephone / Equity Bottom-Up

<ul><li>Sales continued to increase, while OP rose after falling in H1.</li><li>The key earnings drivers came from a sales increase of +6.8% YoY to ¥62.41bn, benefiting from au Denki, handsets, local government projects and improved ARPU.</li><li>OP rose +0.4% YoY to ¥13.73bn, as the company kept a lid on customer acquisition costs.</li></ul>

Sales continued to increase, while OP rose after falling in H1.The key earnings drivers came from a sales increase of +6.8% YoY to ¥62.41bn, benefiting from au Denki, handsets, local government projects and improved ARPU.OP rose +0.4% YoY to ¥13.73bn, as the company kept a lid on customer acquisition costs.

Okinawa Cellular (9436 JP) - Au Denki Boosts Sales but Is a Burden on OP