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Regional Japanese mobile carrier providing KDDI's 'au' brand wireless service exclusively in Okinawa prefecture, majority-owned by KDDI.
Regional Japanese mobile carrier providing KDDI's 'au' brand wireless service exclusively in Okinawa prefecture, majority-owned by KDDI.
Sells KDDI's au mobile plans in Okinawa, so network and plan design follow the parent. Income is monthly subscriptions plus phone sales and a smaller fixed-broadband line. Tourism makes usage and sales seasonal.
In one line: A regional wireless carrier operating under a national brand license, akin to a US regiona.
Moat: narrow (regulatory licence, brand). Exclusive regional license to operate KDDI's au network in Okinawa, with an entrenched local subscriber base.
Headquarters: Naha, Okinawa, Japan · Founded: 1991 · Employees: 545
Size Okinawa Cellular Telephone (9436.T) is a Japan Communication Services company (Wireless Telecommunications) with a market value of $1.90B, the 502nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,255 on 6 Nov 2026.
Performance Over six months the shares fell 3.0%, against -11.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 16 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +5.5%); the operating margin is 24.4% (peer median 7.0%).
Valuation It trades at 21.2× forward earnings against a peer median of 23.9× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥89.6B | ¥86.3B | ¥84.3B | ¥78.0B | ¥77.3B |
| Revenue growth | — | +2% | +8% | +1% | — |
| Gross profit | ¥30.8B | ¥27.8B | ¥26.9B | ¥26.7B | ¥25.1B |
| EBITDA | ¥28.1B | ¥25.5B | ¥24.8B | ¥24.2B | ¥22.9B |
| Net income | ¥14.9B | ¥13.2B | ¥12.4B | ¥12.1B | ¥10.9B |
| Free cash flow | ¥15.1B | ¥10.5B | ¥9.53B | ¥1.82B | ¥6.78B |
| Capital expenditure | ¥5.31B | ¥5.99B | ¥5.66B | ¥9.57B | ¥7.98B |
| Total debt | ¥13.0M | ¥16.0M | ¥10.0M | ¥43.0M | ¥106M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Okinawa Cellular Telephone 9436.T | $1.90B | -3% | +5% | 24% | 21.2× | -3.7% |
| Softbank 9434.T | $71.3B | +6% | +8% | 14% | 18.5× | 3.4% |
| Kddi 9433.T | $66.4B | +10% | +4% | 18% | 14.2× | -1.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9436.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.0% | -1.7% | lowest of 17 |
| 6-month return | -3.0% | -11.7% | 6th highest of 16 |
| Distance from 52-week high | -27.8% | -31.5% | 8th highest of 17 |
| Revenue growth (TTM) | +5.2% | +5.5% | 8th lowest of 17 |
| Operating margin | 24.4% | 7.0% | highest of 17 |
| Forward P/E | 21.2× | 23.9× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -3.7% | -0.1% | 5th least demanding of 12 |
| Growth delivered (Del g) | +3.1% | +3.3% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -6.8 pp | -4.4 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +9.8 pp | -4.6 pp | highest of 17 |
| EV / EBITDA | 10.6× | 7.4× | 3rd most expensive of 14 |
| Net debt / EBITDA | -0.2× | 1.8× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Okinawa Cellular Telephone 9436.T | Japan | $1.90B | -3% | +5% | 24% | 21.2× | -3.7% | +3.1% |
| Digi Spain Telecom, S.A. Unipersonal DIGIS.MC | Spain | $2.16B | n/a | +19% | 6% | n/a | n/a | n/a |
| Anterix ATEX | United States | $1.46B | +33% | +19% | -579% | n/a | 45.3% | +47.8% |
| Array Digital Infrastructure AD | United States | $2.59B | -46% | -94% | 1% | 27.6× | n/a | n/a |
| Guangzhou Haige Communications 002465.SZ | China | $3.43B | -38% | +1% | -16% | n/a | n/a | n/a |
| Telephone and Data Systems TDS | United States | $3.54B | -29% | -74% | -3% | 92.2× | n/a | n/a |
| Sunrise Communications SUNN.SW | Switzerland | $3.92B | +2% | -1% | 3% | n/a | 21.2% | n/a |
| Turkcell Iletisim Hizmetleri A.S. Sponsored ADR TKC | United States | $4.02B | -31% | +16% | 15% | 8.0× | -12.0% | +8.1% |
| Wuxi Online Offline Communication Information Technology 300959.SZ | China | $808M | -29% | -50% | -12% | n/a | 21.5% | -12.1% |
| VEON Ltd. Sponsored ADR VEON | United States | $4.95B | +57% | +15% | 23% | 11.2× | -4.8% | -9.1% |
| Hutchison Telecommunications Hong Kong 0215.HK | Hong Kong | $679M | -9% | +23% | 0% | 55.2× | -7.2% | +3.7% |
| SmarTone Telecommunications 0315.HK | Hong Kong | $663M | -9% | +6% | 11% | 9.2× | -17.5% | -0.3% |
| Orange Polska OPL.WA | Poland | $5.53B | +7% | +5% | 9% | 19.4× | 13.2% | +2.7% |
| TPG Telecom TPG.AX | Australia | $5.58B | +1% | -5% | 8% | 34.8× | 8.1% | +3.0% |
| Elisa ELISA.HE | Finland | $6.11B | -17% | 0% | 20% | 14.3× | -2.7% | +3.6% |
| Tuas TUA.AX | Australia | $555M | -75% | +21% | 12% | 23.9× | -0.1% | +44.5% |
| Gogo GOGO | United States | $526M | -12% | +30% | 12% | 35.3× | n/a | n/a |