Summary of Earnings
Results Briefing
for Q3 FY2025

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Date Monday, February 9, 2026 4:00 pm - 5:23 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 Q3 FY2025.

Consolidated Results
for Q3 FY2025

Company-wide Results

  • Revenue for Q1-Q3 FY2025 was ¥5,195.4 billion, up 8% year on year. Revenue increased in all segments. Reached record high for Q1-Q3 period.
  • Operating income*1 was ¥884.1 billion, up 8% year on year. Profit increased in four segments.
  • Net income attributable to owners of SoftBank Corp.*1 was ¥485.5 billion, up 11% year on year.
  • Reflecting steady progress toward full-year forecasts, the progress rate for Q1-Q3 was 78% for revenue, 88% for operating income, and 90% for net income attributable to owners of SoftBank Corp.

Upward Revision of
Full-year Forecast

  • SoftBank Corp. has revised upward its full-year forecasts for FY2025, which were announced in May 2025. The revised forecasts are as shown in the table below.
Initial forecast
(Announced in May 2025)		 Revised forecast
(Announced this time)		 Increase Increase rate
Revenue ¥6,700 billion ¥6,950 billion +¥250 billion +4%
Operating income ¥1,000 billion ¥1,020 billion +¥20 billion +2%
Net income attributable to owners of SoftBank Corp. ¥540 billion ¥543 billion +¥3 billion +1%

Results by Segment

(1) Consumer segment

  • Revenue increased by 3% year on year, and segment income increased by 6% year on year. The segment income progress rate against the full-year forecast was 85%.
  • Cumulative smartphone subscribers increased by 2% from the end of the same period in the previous fiscal year.
  • Due to changes in our customer acquisition policy, the smartphone net additions for Q3 FY2025 was a net decrease of 100,000. We will focus on acquiring users likely to remain long-term, striving to lower churn rate and control acquisition costs, aiming to transform our business structure toward sustainable growth.

(2) Enterprise segment

  • Revenue increased by 9% year on year, and segment income increased by 13% year on year. Business solution and others revenue continued to perform steadily, increasing 13% year on year. The segment income progress rate against the full-year forecast was 84%.

(3) Media & EC segment*1

  • Revenue increased by 1% year on year, and segment income decreased by 2% year on year. (Excluding the impact of decreased revenue and profit at ASKUL Corporation for Q3, due to system outage caused by a ransomware attack, revenue increased by 7% year on year, and segment income increased by 7% year on year.)

(4) Financial segment

  • Revenue increased by 24% year on year, and segment income increased by 103% year on year.
  • Consolidated gross merchandise value (GMV)*3 of PayPay Corporation for Q1-Q3 was ¥14.3 trillion, up 24% year on year. Consolidated EBITDA*4 was ¥79.1 billion, up 83% year on year.

Progress Toward Building Next-generation Social Infrastructure

  • On January 21, 2026, we announced "Infrinia AI Cloud OS," a software stack*5 for AI data centers. We plan to deploy it into our own GPU cloud service from FY2026 onward, and also aim to provide it to overseas operators and others.

Optical Fiber Services

  • On January 30, 2026, we announced the signing of a definitive agreement to establish a joint venture with Sony Network Communications Inc. The joint venture is intended to be operated based on a spirit of equality. By consolidating the functions related to the construction, management, and operation of the optical fiber service facilities owned by both companies into the joint venture, we aim to optimize facility utilization, streamline operations, and enhance network quality.

Transition to Next-generation Management Structure

  • The Company announces that at the meeting of Board of Directors held on January 29, 2026, it resolved on the changes of its Representative Directors and other important personnel changes, effective April 1, 2026. This strengthens organizational structure to further establish and ensure the succession of a next-generation management structure while also rejuvenating the management structure.

ESG

  • Selected as a "Prime Seat Company" for the second consecutive year at the "7th NIKKEI Sustainable Management Awards."
  • Ranked No. 1 for the third consecutive year in the "NIKKEI GX500" (Decarbonized Management Ranking) by Nikkei Inc., for the first time ever*6.
  • Selected for the first time for the highest rating, the "A List," in the "CDP*7 Climate Change 2025."
[Notes]
  1. *1
    Including one-time factors*2
  2. *2
    Operating income:
    Q1-Q3 FY2024: Gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporation), LINE NEXT Corporation, and ValueCommerce Co., Ltd.
    Q1-Q3 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.:
    Q1-Q3 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-Q3 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.
  5. *5
    A software stack is a set of software components and functions used together to build and operate systems and applications.
  6. *6
    No. 1 among 830 companies in Japan in FY2025.
  7. *7
    CDP: Carbon Disclosure Project, an international non-profit organization promoting environmental disclosure

This document is intended to disclose the Company's financial results for the nine months ended December 31, 2025, and does not constitute a solicitation of an offer to sell or purchase any securities in Japan or any other jurisdictions.