Statements made in these documents with respect to the KDDI Group‘s performance targets, projected subscriber numbers, future forecasts and strategies that are not historical facts are forward-looking statements about the future performance of the KDDI Group, based on company’s assumptions and beliefs in light of the information available at the time they were made. They therefore include certain risks and uncertainties. Actual results can differ from these statements due to reasons including, but not limited to, domestic and overseas situation, economic trends, competitive position, formulation, revision or abolition of laws and ordinances, regulations or systems, government actions or intervention and the success or lack thereof of new services. Consequently, please understand that there is a possibility that actual performance, subscriber numbers, strategies and other information may differ significantly from the forecast information contained in these materials or other envisaged situations.

1. Financial Results
1st Quarter Fiscal Year
Ending March 2023
July 29, 2022
KDDI Corporation
President
Makoto Takahashi
The creation of a society in which
anyone can make their dreams a reality,
by enhancing the power to connect.

2. *1 From FY2023.3, the segment of some departments has been transferred to “Others” from “Personal Services segment” and “Business Services segment.” In accordance with this transfer,
stated figures for FY2022.3 retroactively reflect reclassification of segment.
1,351.7
296.9
191.8
64.6*3
21.7*3
258.6
45.8
Operating Revenue
Operating Income
Profit for the Period attributable
to owners of the parent
1,300.3
299.2
189.9
FY23.3 Q1
FY22.3 Q1
Financial Business Revenue*2
Financial Business Operating Income*2
40.3
4.0
-
-
Business Services segment Revenue*1
Business Services Operating Income*1
245.2
44.6
+5.5%
+2.6%
Financial Results Highlights
+4.0%
(0.8％)
+1.0%
Consolidated
5,560
1,100
688
210
38
1,130
206
FY23.3(E)
(Unit : yen billion)
In Q1, operating revenue increased, but operating income decreased,
despite focus areas’ solid performance
YOY
*2 au Financial Holdings, IFRS basis *3 Includes temporary accounting effects
1
Focus Areas

3. 2
299.2
(Unit : yen billion)
(29.2)
その他
FY22.3 Q1 FY23.3 Q1
(2.3)
Consolidated Operating Income: Factors for Change
Multi-Brand
communications
ARPU revenues
296.9
Focus Areas*1*2
*1 Business Services segment, Financial Business (au Financial Holdings, IFRS basis) and Energy Business, etc. *2 Includes temporary accounting effects
Group MVNO
revenues +
Roaming revenues
+15.2
(1.4)
▲××
Impact of communication charge reduction mitigated
mainly by promoting focus areas
Others
+13.2

4. 6/'21 9/'21 12/'21 3/'22 6/'22
30.56 30.54
30.72
30.97 30.93
(Unit : Million)
Note) Personal Services segment, au, UQ mobile and povo
Multi-Brand IDs/Communications ARPU
3
Multi-Brand IDs
Excluding 3G closure impact, IDs steadily increasing
due to strong performance of UQ mobile and povo
Communications ARPU
(Unit : Yen)
Q1 Q2 Q3 Q4 Q1
4,280 4,270 4,200 4,050 3,970
UQ mobile & povo : Approx. 7.0
3G Closure effects : Approx. (0.25)
FY22.3 FY23.3

5. Focus Areas and Business Services Segment
4
75
87
FY22.3 Q1 FY23.3 Q1
(Unit : yen billion)
Operating Income
Factors for Change (YOY)
(+) Profit increased in
NEXT Core Business
Those including exchange effects of
overseas subsidiaries
(-) Effect of contract terminations
due to 3G termination
Profit increased in NEXT Core Business (DX)
and Core Business;
steady progress in both
Double-digit growth
Business Services segment Operating Income
NEXT Core Business Operating Revenue

6. Focus Areas: Financial/ Energy Business
5
Increase in profit
due to temporary accounting effects
FY22.3 Q1 FY23.3 Q1
4.0
21.7
 Controlled costs by increasing
energy procurement via private
power contracts
 Despite impact from rising fuel prices,
its impact on business performance
was limited
Recorded total of
deferred profit of
previous fiscal years, so
profit for the period
increased significantly
Made accounting
changes for
home mortgage
(Unit : yen billion)
Operating Income*
* au Financial Holdings, IFRS basis
Financial Business Energy Business
In Q1, profit decreased YOY

7. 6
Focus Areas Main Indicators
au Jibun Bank
Loan product’s
balance
¥1.8 Trillion
(YOY +¥0.2 Trillion)
au Denki, etc.
Subscribers
3.53 Million
(YOY +0.57M)
Energy
Of au PAY
Card members
7.9 Million
(YOY +1.2M)
Finance au PAY members +
au PAY Card members
38.0 Million
(YOY +4.3M)
Transaction Volume
of Settlement/ Loan
FY23.3 Q1
¥3.3 Trillion
(YOY +33.0%)
Finance
Main indicators grew, especially those related to DX, finance, and energy
Revenue of NEXT
Core Business
DX
FY23.3 Q1
¥87 Billion
(YOY+16.0%)
Finance
Note) Main indicators related to Financial and Energy businesses are the results as of the end of June 2022.

8. 7
Summary
In Q1, operating revenue increased with a decrease in profit for the period
despite higher showings in focus areas
Impact of communication charge reduction was mitigated
mainly by promoting focus areas
Excluding 3G closure impact, IDs steadily increasing
due to the strong performance of UQ mobile and povo
Main indicators grew, especially those related to
DX, finance, and energy

9. Appendix

10. 9
(4.3)
(37.2)
+69.1
EBITDA
(13.7)
FY22.3 Q1
Payment of
corporate tax, etc.
43.6
CAPEX
(Unit : yen billion)
Note) Financial business is au Financial Holdings Corporation.
FY23.3 Q1
+80.8
Others
+29.6
Consolidated FCF (Excluding Financial Business)
Factors for Change
Including transient
factors related to
3G closure
Including transient
factors such as
accounts payable

11. Note) “KDDI (consolidated)” is prepared in accordance with IFRS and “au Financial Holdings (consolidated)” is prepared in accordance with J-GAAP.
Property,
Plant and equipment,
Intangible assets and
Right-of-use assets
Goodwill
Trade and
other receivables
Securities for financial business
Loans for financial business
Cash and cash equivalents
Others
KDDI(Consolidated)
Total Assets 11.15 trillion yen
Interest-bearing debt
Trade and other payables
Deposits for
financial business
Other liabilities
Equity
au Financial Holdings (Consolidated)
Total Assets 3.34 trillion yen
Others
Cash and cash equivalents
Securities
Loans
Deposits
Others
Consolidated/ Financial Business Balance sheet
（as of the end of June 2022）
10

12. Statements made in these documents with respect to the KDDI Group‘s performance targets, projected subscriber numbers, future
forecasts and strategies that are not historical facts are forward-looking statements about the future performance of the KDDI Group,
based on company’s assumptions and beliefs in light of the information available at the time they were made. They therefore include
certain risks and uncertainties. Actual results can differ from these statements due to reasons including, but not limited to, domestic
and overseas situation, economic, trends, competitive position, formulation, revision or abolition of laws and ordinances, regulations or
systems, government actions or intervention and the success or lack thereof of new services.
Consequently, please understand that there is a possibility that actual performance, subscriber numbers, strategies and other
information may differ significantly from the forecast information contained in these materials or other envisaged situations.
Disclaimer