Digital Platforms and Services

Digital Platforms and Services

SoftBank issues summary of earnings results briefing for Q1 FY2025

Via SoftBank

Aug 5, 2025

Date: Tuesday, August 5, 2025 4pm - 5.03 pm

Speakers: SoftBank Corp. Junichi Miyakawa (President & CEO) Kazuhiko Fujihara (Board Director, Executive Vice President & CFO)

Summary

At the earnings results briefing, Mr. Junichi Miyakawa, President & CEO of SoftBank Corp., discussed the consolidated results for Q1 FY2025.

Consolidated Results for Q1 FY2025

Company-wide Results

  • Revenue for Q1 FY2025 was ¥1,658.6 billion, up 8% year on year. Revenue increased in all segments.
  • Operating income, excluding one-time factors*1, was ¥276.2 billion, up 6% year on year. (Including one-time factors*1, operating income was ¥290.7 billion, down 4% year on year.) Profit increased in three segments (Enterprise, Distribution, and Financial). All segments are showing steady progress toward their full-year forecasts.
  • Net income attributable to owners of SoftBank Corp., excluding one-time factors*1, was ¥140.8 billion, up 1% year on year. (Including one-time factors*1, net income attributable to owners of SoftBank Corp. was ¥145.3 billion, down 11% year on year.)
  • Reflecting steady progress toward full-year forecasts, the progress rate for Q1 was 25% for revenue, 29% for operating income, and 27% for net income attributable to owners of SoftBank Corp.

Results by Segment

(1) Consumer segment

  • Revenue increased by 5% year on year, and segment income decreased by 2% year on year.
  • Segment income progressed steadily toward growth on a full-year basis, with a progress rate for Q1 of 28% against the full-year forecast.
  • Cumulative smartphone subscribers increased by 3% from the end of the same period in the previous fiscal year, a net increase of 1.05 million subscribers.

(2) Enterprise segment

  • Revenue increased by 8% year on year, and segment income increased by 18% year on year. Business solution and others revenue continued to perform steadily, increasing 13% year on year.
  • In May 2025, we agreed on a comprehensive business partnership with Sumitomo Mitsui Card Company, Limited in the digital field. Through collaboration in the areas of digital services, generative AI, and payments, we aim to create innovative customer experiences.

(3) Media & EC segment

  • Revenue increased by 2% year on year, and segment income, excluding one-time factors*1, increased by 6% year on year. (Including one-time factors*1, segment income decreased by 26% year on year.)

(4) Financial segment

  • Revenue increased by 23% year on year, and segment income increased by 137% year on year.
  • Consolidated gross merchandise value (GMV)*2 of PayPay Corporation for Q1 was ¥4.5 trillion, up 24% year on year. Consolidated EBITDA*3 was ¥21.9 billion, up 87% year on year.
  • PayPay Bank Corporation, which became a consolidated subsidiary of PayPay Corporation in April 2025, is promoting initiatives to expand its deposit and loan balances by leveraging Group synergies.

Diversification of Funding

  • In July 2025, we issued our first USD-denominated senior unsecured notes (totaling USD 1 billion). By accessing overseas bond markets with a broader range of investors, we are promoting the diversification of our funding methods.
[Notes]
  1. *1 Operating income:

    Q1 FY2024: Gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporation), LINE NEXT Corporation, and ValueCommerce Co., Ltd.
    Q1 FY2025: Remeasurement gain on step acquisition of LINE Bank Taiwan Limited
    Net income attributable to owners of SoftBank Corp.:
    Q1 FY2024: Gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporation), LINE NEXT Corporation, and ValueCommerce Co., Ltd., tax implications of organizational restructuring, and others
    Q1 FY2025: Remeasurement gain on step acquisition of LINE Bank Taiwan Limited

  2. *2 The figure is based on IFRS and is non-audited. Payments via "PayPay Balance," "PayPay Debit," "PayPay Balance Card," "PayPay Credit," "PayPay Card (physical card)," "VISA Debit Card," "Alipay," "LINE Pay," etc. are included. The use of the "Send / Receive" function of "PayPay Balance" between users and ATM withdrawals using the cash card function of the "VISA Debit Card" are not included. The figures represent the sum of GMVs of PayPay Corporation, PayPay Card Corporation, and PayPay Bank Corporation, with internal transactions eliminated.
  3. *3 EBITDA is calculated by adding depreciation and amortization, impairment losses, and loss on retirement of fixed assets to operating income, etc. The figure is based on IFRS and is non-audited.

This document is intended to disclose the Company's financial results for the three months ended June 30, 2025, and does not constitute a solicitation of an offer to sell or purchase any securities in Japan or any other jurisdictions.

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