Tetsuro Tsusaka's questions to KDDI (KDDIY) leadership • Q4 2025
Question
Tetsuro Tsusaka of Morgan Stanley posed a strategic question on KDDI's long-term growth philosophy, contrasting the consumer model of bundling services with the enterprise model of solving problems with technology. He questioned the sustainability of the former and the strategic fit of the Lawson acquisition from an investor's viewpoint, asking for management's perspective on the optimal path to growth.
Answer
Executive Hiromichi Matsuda countered the 'bundling' characterization, arguing KDDI is creating new, distinct communication values by better delivering 5G's technological benefits to customers. He affirmed the importance of the enterprise ICT solutions business. Regarding Lawson, Mr. Matsuda explained the synergy extends beyond retail; it involves using KDDI's technology to solve Lawson's operational challenges and leveraging its physical footprint for distributed processing and network infrastructure, creating a broader strategic value.