SoftBank (9434) Q3 2026 Investor call earnings summary

Executive summary

• Revenue and profit reached record highs for the nine months ended December 31, 2025, with all segments contributing to growth and upwardly revised full-year forecasts.

• Operating income in the Financial segment doubled, and high external ESG ratings were received, including top Nikkei SDGs and CDP Climate Change A List rankings.

• Major acquisitions included BEENOS Inc., LINE Bank Taiwan Limited, and LINE MAN CORPORATION PTE. LTD., expanding e-commerce and financial services.

Financial highlights

• Revenue rose 8.0% year-over-year to JPY 5,195.4 billion for Q1–Q3 FY25, with progress toward the full-year forecast at 77.5%.

• Adjusted EBITDA increased 3.8% YoY to JPY 1,423.9 billion, with 80.4% progress toward the full-year target.

• Operating income grew 7.6% YoY to JPY 884.1 billion; net income attributable to owners rose 11.2% YoY to JPY 485.5 billion.

• Financial segment operating income doubled; Distribution segment revenue up 25.6% YoY.

• ASKUL's system outage negatively impacted Media & EC segment, causing a JPY 5 billion decline in segment income.

Outlook and guidance

• Full-year FY25 forecasts were revised upward: revenue to JPY 6,950.0 billion, adjusted EBITDA to JPY 1,780.0 billion, operating income to JPY 1,020.0 billion, and net income to JPY 543.0 billion.

• Upward revision is conservative due to lingering uncertainties, especially from ASKUL.

• Dividend per share forecast for the fiscal year ending March 31, 2026, is JPY 8.60, reflecting the post-stock split basis.