Summary of Earnings
Results Briefing
for Q2 FY2025

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Date Wednesday, November 5, 2025 4:00 pm - 5:22 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 Q2 FY2025.

Consolidated Results
for Q2 FY2025

Company-wide Results

  • Revenue for H1 FY2025 was ¥3,400.8 billion, up 8% year on year. Revenue increased in all segments.
  • Operating income*1 was ¥628.9 billion, up 7% year on year. Profit increased in all segments.
  • Net income attributable to owners of SoftBank Corp.*1 was ¥348.8 billion, up 8% year on year.
  • For H1 FY2025, revenue, operating income, and net income attributable to owners of SoftBank Corp. all reached record highs for a H1 period.
  • Reflecting steady progress toward full-year forecasts, the progress rate for H1 was 51% for revenue, 63% for operating income, and 65% for net income attributable to owners of SoftBank Corp.

Results by Segment

(1) Consumer segment

  • Revenue increased by 3% year on year, and segment income increased by 3% year on year.
  • Cumulative smartphone subscribers increased by 3% from the end of the same period in the previous fiscal year.

(2) Enterprise segment

  • Revenue increased by 8% year on year, and segment income increased by 10% year on year. Business solution and others revenue continued to perform steadily, increasing 12% year on year. Operating income reached record high for a H1 period.

(3) Distribution segment

  • Revenue increased by 17% year on year, and segment income increased by 36% year on year, driven by the expansion of recurring revenue. Revenue and operating income both reached record highs for a H1 period. Revenue forecasted to exceed ¥1 trillion in FY2025.

(4) Media & EC segment

  • Revenue increased by 4% year on year, and segment income*1 increased by 13% year on year.

(5) Financial segment

  • Revenue increased by 24% year on year, and segment income increased by 116% year on year.
  • Consolidated gross merchandise value (GMV)*3 of PayPay Corporation for H1 was ¥9.2 trillion, up 25% year on year. Consolidated EBITDA*4 was ¥48.3 billion, doubling year on year.

Progress Toward Building Next-generation Social Infrastructure

  • Announced a collaboration with Oracle Corporation in October 2025. The sovereign cloud service, "Cloud PF Type A," will be sequentially available from April 2026.
  • Announced the commercialization of "Sarashina mini," a homegrown Japanese LLM (large language model). The Company plans to start providing APIs for enterprise customers in late November 2025.
  • Announced the "AI Foundation for Startups" program to support the business development of AI startups. In October 2025, the Company also launched external sales of its AI computing infrastructure.
  • On November 5, 2025, "SB OAI Japan" was established to provide an exclusive offering of "Crystal intelligence" to enterprise customers in Japan. The Company aims to provide these services in 2026.
[Notes]
  1. *1
    Including one-time factors*2
  2. *2
    Operating income:
    H1 FY2024: Gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporation), LINE NEXT Corporation, and ValueCommerce Co., Ltd.
    H1 FY2025: Remeasurement gain on step acquisitions of LINE MAN CORPORATION PTE. LTD. and LINE Bank Taiwan Limited
    Net income attributable to owners of SoftBank Corp.:
    H1 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
    H1 FY2025: Remeasurement gain on step acquisitions of LINE MAN CORPORATION PTE. LTD. and LINE Bank Taiwan Limited, tax effect relating to PayPay Corporation, and tax implications of organizational restructuring, and others
  3. *3
    The figure is based on IFRS and is unaudited. 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.
  4. *4
    EBITDA is calculated by adding depreciation and amortization and non-recurring expenses, such as impairment losses and loss on retirement of fixed assets, to operating income. The figure is based on IFRS and is unaudited.

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