Forecasts

Forecasts for Consolidated Results

For the consolidated financial results forecasts for the fiscal year ending March 31, 2023, while being affected by mobile service price reductions, the Company continues to expect an increase in both revenue and operating income led by the impact of PayPay consolidation and the growth of the Enterprise segment and the Yahoo! JAPAN/LINE segment.

(Billions of yen)

FY2021
Actual
FY2022
Forecast
Year on year Year on year %
Revenue 5,690.6 5,900.0 +209.4 +3.7%
Adjusted EBITDA*1 1,740.2 1,540.0 -200.2 -11.5%
Operating income 985.7 1,000.0 or more +14.3 or more +1.4% or more
Net income*2 517.5 530.0 or more +12.5 or more +2.4% or more
[Notes]
  1. *1
    Adjusted EBITDA = operating income + depreciation and amortization (including loss on disposal of non-current assets) + stock compensation expenses ± other adjustments
  2. *2
    Net income: net income attributable to owners of SoftBank Corp.

Forecasts for the Operating Income by Segment

In the Consumer segment, the Company expects a decrease in operating income due to the impact of mobile service price reductions and an increase in sales-related expenses and other items, despite an increase in smartphone subscribers. In the Enterprise segment, the Company expects an increase in operating income related to mobile, cloud and other solution services through promoting digitalization of enterprise customers. In the Distribution segment, the Company forecasts an increase in operating income from the expansion of subscription services. In the Yahoo! JAPAN/LINE segment, the Company expects to make growth investments in commerce and financial services. In Other, the Company expects the impact of PayPay consolidation.

(Billions of yen)

FY2021
Actual
FY2022
Forecast
Year on year Year on year %
Consumer 639.5 480.0 -159.5 -24.9%
Enterprise 128.5 150.0 +21.5 +16.8%
Distribution 22.9 23.5 +0.6 +2.6%
Yahoo! JAPAN/LINE segment
and Other*3
194.9 346.5 or more +151.6 or more +77.8% or more
Total 985.7 1,000.0 or more +14.3 or more +1.4% or more
[Note]
  1. *3
    Other includes information not included in any of Consumer, Enterprise, Distribution, and Yahoo! JAPAN/LINE segment, and adjustments including eliminations of intersegment transactions and expenses not allocated to each reportable segment, and the impact of PayPay consolidation. The impact of PayPay consolidation includes estimated amounts of gain or loss on step acquisition of PayPay Corporation by the Company, operating income/loss of PayPay Corporation after making it a subsidiary, and amortization of identifiable intangible assets recognized as a result of making it a subsidiary. PayPay Corporation is expected to become a subsidiary of the Company upon the condition that both the Company and Yahoo Japan exercise all of their preferred stocks in PayPay Corporation. The exercise of the conversion right is dependent on a certain agreement being made among the shareholders of PayPay Corporation.