Notice Regarding the Establishment of a New Subsidiary in Canada

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June 21,2023

KDDI Corporation

KDDI Corporation ("KDDI") is pleased to announce the establishment of a subsidiary in Canada to expand the company's global data center business.

1. Reason for Establishing the New Subsidiary

As the global data business accelerates and the need for data centers increases, connectivity data centers, where Internet operators and hyperscalers are interconnected, are becoming increasingly important for realizing a digital society. While KDDI has been expanding its global data center business under the Telehouse brand, it has decided to establish a new company to enter the data center business in Canada.

2. Outline of the New Subsidiary

(1) Name KDDI Canada, Inc.
(2) Location Bay Adelaide Centre, East Tower, 22 Adelaide Street West
Suite 3400, Toronto, ON, Canada, M5H 4E3
(3) Name of Representative Kouhei Ohno
(4) Business Description Data Center Business
(5) Capital CAD 1,100 million (Approximately 117.8 billion yen) *
(6) Date of Establishment June 26, 2023 (Anticipated)
(7) Major Shareholders and their Shareholding Ratio KDDI 100%
(8) Our Relationship with the Company Capital Relationship KDDI 100%
Human Relationship Officers and employees of KDDI will be appointed as members of the new subsidiary's Board of Directors and its CEO
Trading Relationship NA
  • Conversion rate of capital to yen : 1 CAD = 107.12 yen.

3. Future Outlook

Although there will be minor impact on the consolidated financial results for the fiscal year ending in March 2024, KDDI expects it to contribute to improve earnings over the medium to long term.

  • The information contained in the articles is current at the time of publication.
    Products, service fees, service content and specifications, contact information, and other details are subject to change without notice.