Key Highlights
- FY2025 full-year forecast upwardly revised
- Revenue and profits see continued growth
- Revenue up 8% YoY, marks a record for Q1-Q3
- Operating income in Finance segment doubles
On February 9, 2026, SoftBank Corp. (TOKYO: 9434) President & CEO Junichi Miyakawa presented earnings results for the third quarter (April - December 2025, Q3) of the fiscal year ending March 31, 2026 (FY2025). At the press conference held in Tokyo, Miyakawa reviewed SoftBank’s consolidated results for the first nine months (Q1-Q3) of FY2025, reporting revenue of 5,195.4 billion JPY, an 8% year-on-year (YoY) increase and a record for Q1-Q3. Operating income was 884.1 billion JPY and net income was 485.5 billion JPY, representing 8% and 11% YoY increases, respectively.
The results were mainly attributable to increased revenue at all segments, operating income double-digit growth in the Finance and Distribution segments, and increased profit in the Consumer, Enterprise, Distribution and Financial segments.
Miyakawa noted that steady progress is being made toward the FY2025 full-year forecast, with 78% of revenue, 88% of operating income and 90% of net income achieved so far.
Taking these favorable results into account, Miyakawa said that SoftBank is upwardly revising its full-year forecast, and pursuing a record-high net income target of 543 billion JPY.
Consumer and Enterprise see continued growth
Reviewing SoftBank’s segments in detail, Miyakawa reported that FY2025 Q1-Q3 revenue for the Consumer Business segment was 2,253.2 billion JPY, up 3% YoY while operating income was up 6% YoY at 468.3 billion JPY. While there was a net decrease of 100,000 smartphone subscribers in Q3, Miyakawa explained that this was due to a change in customer acquisition policy, which now focuses on long-term users and controls acquisition costs for short-term users to make for a more sustainable business structure.
The Enterprise Business segment registered 733.3 billion JPY of revenue in FY2025 Q1-Q3, a 9% increase YoY that was driven by steady growth in business solutions. Operating income of 158.1 billion JPY in operating income, a 13% increase YoY.
The Media & EC Business segment, which incorporates LY Corporation (the operator of “LINE” and “Yahoo! JAPAN” services), saw FY2025 Q1-Q3 growth in revenue of 1% YoY, but a decrease in operating income by 2% YoY. When excluding the impact of group company ASKUL’s standalone Q3 revenue decrease to a system outage, revenue and operating income both increased by 7% YoY.
In the Financial Business segment, which includes PayPay Corporation, FY2025 Q1-Q3 revenue was up by 24% YoY at 295.4 billion JPY and operating income doubled to 66.0 billion JPY YoY. The increase was driven by an 83% YoY increase in PayPay’s consolidated EBITDA.
Making progress on strategic initiatives for future growth
In the latter part of his presentation, Miyakawa gave an update on SoftBank’s progress toward building “Next-generation Social Infrastructure.” He highlighted Infrinia AI Cloud OS, a software stack designed for AI data centers. “We’re not just building data centers with GPUs. With Infrinia we’ll be able to compete with players from outside Japan and provide sovereign cloud services,” he said.
Miyakawa also highlighted a planned joint venture with Sony Network Communications that sees both companies collaborating to provide fixed-line broadband customers more value and options for optical fiber services. “By sharing access facilities, we’ll be able to improve capital investment efficiency and profitability,” he said.
Shifting to next-generation management structure
At the end of his presentation, Miyakawa explained that FY2026 will see major changes in SoftBank’s management structure. While the current average age of executive offices is 62, seven officers ranking Senior Vice President and above will retire. With new appointments taking effect in FY2026, the average age of newly appointed executive officers will decline to 52 years old. Miyakawa explained the aim of this initiative is to rejuvenate SoftBank’s management structure. He noted that a number of key executives have served at top posts for over 20 years, and as the company is on a trajectory of increased revenue and profits, now is a good time to hand the baton to a younger generation.
Kazuhiko Fujihara, Board Director, Executive Vice President & CFO, closed with comments marking his 95th earnings conference and last as CFO. He noted that when he first took the post of CFO 22 years ago, the company had losses of 100 billion JPY due mainly to the ADSL business. “Since then, the company has grown to a size capable of achieving 1,000 billion JPY in operating income and a market capitalization of 10 trillion yen. I’m confident that SoftBank will realize a new stage of growth in the future.”
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More info |
Presentation material (PDF: 8.17MB/50 pages) Supplementary materials: Overview of SoftBank (PDF: 1.83MB/23 pages) |
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(Posted on February 9, 2026)
by SoftBank News Editors
