SoftBank Group (9984) Q4 2025 earnings summary

Executive summary

• Achieved first net profit in four years, with net income of ¥1,153.3 billion, up ¥1,380.9 billion year-over-year, driven by investment gains and improved performance in key holdings.

• Net asset value at March-end: ¥25.7 trillion, down ¥2.1 trillion year-over-year, mainly due to weaker tech stock performance, but recovered to ¥27.4 trillion pro forma.

• Major strategic actions included the Stargate Project with OpenAI and Oracle, up to $40 billion investment commitment in OpenAI, and the planned $6.5 billion acquisition of Ampere.

• Shareholder returns included up to ¥500 billion authorized for share repurchases, with ¥286.2 billion completed, and a proposed annual dividend of ¥44 per share.

Financial highlights

• Net sales: ¥7,243.8 billion, up ¥487.3 billion or 7.2% year-over-year.

• Net income attributable to owners: ¥1,153.3 billion (vs. ¥227.6 billion loss prior year); basic EPS: ¥780.82.

• Investment gains: ¥3,701.1 billion, up from a ¥559.4 billion loss prior year.

• Cash and cash equivalents at year-end: ¥3.4 trillion, down from ¥4.7 trillion year-over-year.

• Loan to value: 18% at March-end, up from 8.4% year-over-year, with a policy to keep below 25%.

Outlook and guidance

• Continued focus on AI, data centers, and energy as strategic pillars.

• Arm's Q1 FY2025 revenue guidance: $1.0–$1.1 billion, up 6.5%–17.1% year-over-year; non-GAAP EPS: $0.30–$0.38.

• Dividend per share maintained at ¥44 for FY2025.

• Ongoing commitment to maintain financial discipline and readiness to shift to defensive operations if needed.