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KDDI Corporation - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
KDDI Corporation is the third-largest Type I telecommunications carrier in Japan, after NTT and NTT DoCoMo. A Type I carrier in Japan is licensed to install telecommunications facilities (telephone lines, optical fibre cables, etc) and offer telecommunications services via its own facilities. KDD Corporation was established in 1953 and was the exclusive long-distance operator in Japan. The company acquired rival long-distance operator Teleway Japan in December 1998 and, in October 2000, the company merged with long-distance carrier DDI Corporation and cellular operator Nippon IDOU Tsushin Corporation, to create KDDI in its present form. au Corporation merged with KDDI in October 2001. KDDI provides local, national, and international fixed-line, mobile, Internet access, and data services throughout Japan. Its business is divided into three main groups: au business (CDMA 1X WIN broadband mobile services); Fixed-line business (fixed-line telephone and Internet access services); and, TU-KA business (2G PDC-based cellular mobile phone services). As of March 31, 2005, KDDI had 118,996 shareholders, of which the largest were Kyocera Corporation (13.50%) and Toyota Motor Corporation (11.72%). Other shareholders with more than a 1% interest included: The Master Trust Bank of Japan Ltd (Trust Account) (6.68%); Japan Trustee Services Bank Ltd (Trust Account) (5.96%); The Chase Manhattan Bank N.A. London (3.25%); State Street Bank & Trust Co (2.02%); Ministry of Posts and Telecommunications Mutual Aid Association (1.71%); The Chase Manhattan Bank N.A. London SL Omnibus Account (1.33%); The Tokyo Electric Power Co Inc (TEPCO) (1.32%); and, State Street Bank & Trust Co (1.22%).
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