SoftBank (9434) Q3 2026 earnings summary

Executive summary

• Achieved record-high revenue of JPY 5,195.4 billion, up 8% year-on-year, with all segments contributing to growth and notable gains in Distribution and Financial segments.

• Net income attributable to owners rose 11.2% to JPY 485.5 billion, and operating income increased 8% to JPY 884.1 billion, with adjusted EBITDA at JPY 1,423.9 billion.

• Full-year earnings forecast was revised upward for revenue, operating income, and net income, reflecting strong performance and strategic acquisitions.

• Announced a generational shift in management, with younger executives taking key roles and a strengthened executive team.

• Received high ESG evaluations, ranking first in Nikkei's Decarbonization Management ranking for three consecutive years and other top sustainability recognitions.

Financial highlights

• Revenue: JPY 5,195.4 billion (+8% YoY), operating income: JPY 884.1 billion (+8% YoY), net income: JPY 485.5 billion (+11% YoY), progress rates at 78%, 88%, and 90% of full-year forecast, respectively.

• Upward revision: full-year revenue to JPY 6,950 billion (+4%), operating income to JPY 1,020 billion (+2%), net income to JPY 543 billion (+1%).

• Basic earnings per share was JPY 10.04, up from JPY 9.16; total assets grew to JPY 18,243.7 billion.

• Cash flows from operating activities were JPY 1,093.6 billion, with free cash flow at JPY 123.8 billion.

• Capital expenditures decreased to JPY 516.1 billion.

Outlook and guidance

• Full-year forecasts revised upward, targeting record-high net income and reflecting steady progress and ASKUL's recovery.

• Continued focus on sustainable growth through business transformation, strategic investments, and ARPU growth.

• Segment forecasts raised for Distribution and Other segments due to strong ICT product sales and improved R&D expense management.