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SoftBank (9434) investor relations material

SoftBank Q3 2026 Investor call earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 Investor call earnings summary9 Feb, 2026

Executive summary

  • Revenue and profit reached record highs for the nine months ended December 31, 2025, with all segments contributing to growth and upwardly revised full-year forecasts.

  • Operating income in the Financial segment doubled, and the company received high external ESG ratings, including top Nikkei SDGs and CDP Climate Change A List rankings.

  • Major acquisitions included BEENOS Inc., LINE Bank Taiwan Limited, and LINE MAN CORPORATION PTE. LTD., expanding e-commerce and financial services.

  • Leadership transition: CFO Fujihara retires, succeeded by Akiyama, with a focus on maintaining growth and shareholder returns.

  • Full-year forecast for fiscal year 2025 was revised upward due to strong performance, despite ASKUL's negative impact.

Financial highlights

  • Revenue increased by 8% year-over-year to JPY 5,195.4 billion for Q1–Q3 FY25, with progress toward the full-year forecast of JPY 6,950.0 billion at 77.5%.

  • Adjusted EBITDA grew by 3.8% year-over-year to JPY 1,423.9 billion, surpassing 80% of the full-year forecast.

  • Operating income rose by 7.6% year-over-year to JPY 884.1 billion; net income attributable to owners increased by 11.2% to JPY 485.5 billion.

  • Distribution segment revenue up 25.6% and income up 29.2% year-over-year.

  • PayPay revenue increased by 26.3%, with user and payment growth outpacing user base expansion.

Outlook and guidance

  • Full-year FY25 forecasts were revised upward: revenue to JPY 6,950.0 billion, adjusted EBITDA to JPY 1,780.0 billion, operating income to JPY 1,020.0 billion, and net income to JPY 543.0 billion.

  • Upward revision driven by strong performance in Distribution and improved R&D and other costs.

  • Upfront investment and R&D expenses are expected to impact operating income in the fourth quarter.

  • Dividend per share forecast for the fiscal year ending March 31, 2026, is JPY 8.60, reflecting the post-stock split basis.

  • Management is preparing for mid- and long-term growth, with a focus on AI and cloud infrastructure investments.

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SoftBank Corp is a telecommunications and technology company providing a range of services including mobile communications, broadband internet, and digital transformation solutions. The company serves individual, corporate, and government customers, offering mobile network services, cloud computing, Internet of Things (IoT) solutions, and enterprise IT services. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange (TSE).

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