SoftBank Corp. Q1 FY2025 Earnings: Record Revenue and Steady Progress Toward Full-year Forecasts

On August 5, 2025, SoftBank Corp. (TOKYO: 9434) President & CEO Junichi Miyakawa presented earnings results for the first quarter (April - June 2025, Q1) of the fiscal year ending March 31, 2026 (FY2025). At the press conference held in Tokyo, Miyakawa reviewed SoftBank's consolidated results, reporting revenue of 1,658.6 billion JPY, which represented an 8% year-on-year (YoY) increase and a Q1 record-high since the company's listing.

When excluding one-time factors, operating income was 290.7 billion JPY and net income was 145.3 billion JPY, representing 6% and 1% YoY increases respectively. Miyakawa noted that with these figures good progress is being made toward the FY2025 full-year forecast, with 25% of revenue, 29% of operating income and 27% of net income achieved in Q1 so far.

All business segments recorded YoY increases in revenue, and the Enterprise, Distribution and Financial Business segments also recorded YoY increases in operating income. "Each segment is making steady progress toward achieving its full-year forecast," Miyakawa commented.

Consumer Business making steady progress toward profit growth

Reviewing SoftBank's business segments in detail, Miyakawa noted that Q1 revenue for the Consumer Business segment was 717.8 billion JPY, up 5% YoY. With increases in mobile revenue and sales of goods and others, the segment is making good progress toward full-year profit growth.

The Enterprise Business segment registered 233.8 billion JPY of revenue in Q1 FY2025, an 8% increase YoY that was driven by steady growth in business solutions. The segment also recorded 48.8 billion JPY in operating income, an 18% increase YoY.

Miyakawa highlighted a comprehensive partnership with Sumitomo Mitsui Card announced in May 2025 as a highlight for the Enterprise Business segment. "We're going to provide digital services for their 'Olive' customers, and by collaborating with PayPay, fully harness the strengths of our ecosystems," he said. "We're also working to provide our AI call center solution for their customer contact center, which will be the first implementation."

The Media & EC Business segment, which incorporates LY Corporation (the operator of LINE and Yahoo! JAPAN services), also saw growth in revenue and operating income, with YoY increases of 2% and 6%, respectively, when excluding one-time factors.

Operating income doubles for Financial Business segment

In the Financial Business segment, Q1 FY2024 revenue was up by 23% YoY at 91.3 billion JPY and operating income reached 18.1 billion JPY, more than double the amount of 7.6 billion JPY in operating income registered in the previous fiscal year. The increase was driven by a 87% YoY increase in PayPay's consolidated EBITDA.

As an example of group synergies, Miyakawa noted that PayPay is promoting the opening of new bank accounts at PayPay Bank by offering preferential benefits to users of the PayPay app. Furthermore, PayPay Bank is offering preferential mortgage rates to 'SoftBank' brand smartphone customers.

Reaching a broader range of investors

In closing, Miyakawa noted that with its first issuance of US dollar denominated senior unsecured notes, SoftBank is newly accessing overseas bond markets to further diversify its funding base. "We've received a lot of interest, and the interest rates will be set at a level similar to the notes we've issued domestically," he added.

(Posted on August 5, 2025)
by SoftBank News Editors