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<description>KDDI Corporation</description>
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<item><link>http://www.alacrastore.com/storecontent/fitch/404930_report_frame</link><guid isPermaLink="false">fitch/404930_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">KDDI Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82037157</fitch:companyid><pubDate>9/26/2008 10:18:43 AM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">425</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Full Rating Report</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">9433</fitch:ticker><title>Credit Analysis on KDDI Corporation</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">404930_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/bir/513521</link><guid isPermaLink="false">bir/513521</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><title>KDDI Corp.</title><bir:company xmlns:bir="http://www.alacra.com/bir">KDDI Corp.</bir:company><bir:company xmlns:bir="http://www.alacra.com/bir">KDD Corp.</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Japan</bir:cou><bir:descr xmlns:bir="http://www.alacra.com/bir">Communications: International and domestic telecommunications.  Services:   Internet access provider.</bir:descr><bir:sic xmlns:bir="http://www.alacra.com/bir">4813</bir:sic><bir:ssic xmlns:bir="http://www.alacra.com/bir">4899</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">7379</bir:ssic><bir:naics xmlns:bir="http://www.alacra.com/bir">517110</bir:naics><bir:snaics xmlns:bir="http://www.alacra.com/bir">517910</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">541512</bir:snaics><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:size xmlns:bir="http://www.alacra.com/bir">I</bir:size><bir:revenue xmlns:bir="http://www.alacra.com/bir">M</bir:revenue><bir:ticker xmlns:bir="http://www.alacra.com/bir">9433</bir:ticker><pubDate>8/26/2008 6:21:46 AM</pubDate><bir:docid xmlns:bir="http://www.alacra.com/bir">513521</bir:docid><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/430222_pr_frame</link><guid isPermaLink="false">fitch/430222_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">KDDI Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82037157</fitch:companyid><pubDate>8/21/2008 10:20:00 AM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">9433</fitch:ticker><title>Fitch Revises KDDI's Outlook to Negative</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">430222_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/628207</link><guid isPermaLink="false">spcred/628207</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>KDDI Corp.</title><description>The latest Full Report from S&amp;P</description><pubDate>1/30/2008 3:08:45 AM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">628207</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Wireless Telecommunication Services</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications &amp; Cable</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">High Technology</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Mobile Business holds second-largest domestic market share in terms of subscribers Consistently captures strong share of net subscriber increases Ahead of peers in terms of technological migration to 3G Consistent debt reduction New price plans and discounts continue to add downward pressure on ARPU (Average Revenue per User) Fixed-line Business expected to remain unprofitable for foreseeable future KDDI's Mobile Business, which accounts for approximately 80% of the company's consolidated revenues, held a 29.4% market share in terms of subscribers across its "au" and "Tu-ka" mobile phone services as of December 2007, making it second only to NTT DoCoMo Inc. (AA/Stable/A-1+) in the domestic market. In recent years KDDI has consistently captured the leading share of net subscriber increases in the</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">50102010 501020 5010 50</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">KDDI Corp. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">356427</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">9433@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">FULL</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">High</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/628208</link><guid isPermaLink="false">spcred/628208</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Summary: KDDI Corp.</title><description>The latest Summary from S&amp;P</description><pubDate>1/30/2008 3:08:45 AM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">628208</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Wireless Telecommunication Services</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications &amp; Cable</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">High Technology</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">KDDI's Mobile Business, which accounts for approximately 80% of the company's consolidated revenues, held a 29.4% market share in terms of subscribers across its "au" and "Tu-ka" mobile phone services as of December 2007, making it second only to NTT DoCoMo Inc. (AA/Stable/A-1+) in the domestic market. In recent years KDDI has consistently captured the leading share of net subscriber increases in the industry with 48.1% in fiscal 2005 (ended March 31, 2006), and 55.8% in fiscal 2006 (ended March 31, 2007). While KDDI's net subscriber increase for the period from April to June 2007 was the second largest after Softbank Mobile Corp. (NR), the company still maintained a healthy 39.3% share of industry-wide net subscriber increases. In the Japanese</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">50102010 501020 5010 50</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">KDDI Corp. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">356427</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">9433@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">High</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item></channel></rss>