Key Highlights
- Net income increased by 5% YoY and reached record high, operating income up 5% YoY
- Record-high record revenue achieved for tenth consecutive year
- Aiming to achieve record-high earnings in FY2026
On May 11, 2026, SoftBank Corp. (TOKYO: 9434) President & CEO Junichi Miyakawa presented earnings results for the fiscal year ended March 31, 2026 (FY2025). At the press conference held in Tokyo, Miyakawa began with a review of SoftBank’s consolidated results for the full-year period.
In FY2025, revenue (7,038.7 billion JPY), operating income (1,042.6 billion JPY), and net income (550.8 billion JPY) increased year-on-year (YoY) by 8%, 5% and 5%, respectively, with revenue and net income reaching record highs.

The results were mainly attributable to increased revenue at all business segments and operating income gains at the Consumer, Enterprise, Distribution and Financial segments. While operating income at the Media & EC segment decreased by 7% YoY due to the impact of a profit decline caused by a system outage at ASKUL Corporation, when removing this one-time factor, operating income at the segment increased by 6% YoY. The Financial segment, which includes PayPay Corporation, contributed to operating income with a 107% YoY increase.


Targets of previous Medium-term Management Plan achieved after upward revisions
As FY2025 marks the end of the three-year Medium-term Management Plan, Miyakawa reviewed SoftBank’s performance over the period. He noted that financial targets for revenue, operating income and net income were all exceeded, even after taking two upward revisions into account.

Under the previous Medium-term Management Plan, a target to keep capital expenditures below 330.0 billion JPY per year was achieved on an average annual basis, and a goal to achieve high-level adjusted free cash flow (FCF) was also achieved, with over 600.0 billion JPY of FCF generated annually.
The target to maintain a high level of shareholder returns was also achieved, and on that subject Miyakawa noted the annual dividend per share is scheduled to be 8.6 yen, as committed at the beginning of FY2025.

Notably, a non-financial target to achieve an effective renewable energy usage ratio of 50% was achieved ahead of schedule in FY2024.

Summing up, Miyakawa explained that all financial and non-financial targets in the previous Medium-term Management Plan were achieved despite major headwinds, including a weaker yen and rising prices.
Further growth forecasted for FY2026
Looking ahead to the current fiscal year (FY2026), Miyakawa forecasted 7,500.0 billion JPY in revenue, 1,100.0 billion yen in operating income and 560.0 billion yen in net income, which represent 7%, 6% and 2% YoY increases, respectively. He also forecasted higher operating income at all business segments, with the Enterprise segment expected to achieve 20% YoY growth and the Financial segment forecast to increase 27% YoY.


Miyakawa unveils next Medium-Term Management Plan
At the earnings briefing Miyakawa unveiled a new Medium-term Management Plan, the third phase of SoftBank’s Long-term Vision, that looks ahead to FY2030.
How does SoftBank intend to realize its vision to provide next-generation social infrastructure and achieve record-high profits?
See this detailed report on the Medium-Term Management Plan below for more details.
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(Posted on May 11, updated on May 12, 2026)
by SoftBank News Editors



