Slide 1: Earnings Results for FY2025 Q2
Earnings Results for FY2025 Q2 November 5, 2025 SoftBank Corp. TSE code: 9434
Slide 2: Disclaimer
Disclaimer Important Notice Regarding Forward Looking Statements and Other Information This document is based on the information available to SoftBank Corp. (“we” or “the Company”) as of the time hereof and assumptions which it believes are reasonable. Statements contained herein that are not histor
Slide 3: Consolidated Results FY2025 Q2
Consolidated Results FY2025 Q2 2
Slide 4: Revenue
Revenue Record high JPY bn 3,400.8 3,152.1 Up 8% Progress toward full-year forecast: 51% FY2024 H1 FY2025 H1 (Note) Unless otherwise stated, up or down refers to increase or decrease year on year, and figures are rounded to the nearest decimal place 3
Slide 5: Revenue by Segment
Revenue by Segment JPY bn 3,400.8 3,152.1 189.7 152.6 +24% Financial +4% 822.8 Revenue increased Media & EC 790.0 430.7 Distribution / Other / Adjustment 336.7 +28% in all segments Enterprise 445.8 +8% 482.0 +3% 1,475.7 Consumer 1,426.9 (Note) From FY25 Q1, PayPay Bank Corporation, which was previou
Slide 6: Operating Income
Operating Income * Record high JPY bn 628.9 585.9 Up 7% Progress toward full-year forecast: 63% * Operating income incl. one-time factors. One-time factors: gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporation), LINE NEXT Corporation, and ValueCommerce Co., Ltd. (FY
Slide 7: Operating Income by Segment
Operating Income by Segment * JPY bn 628.9 38.5 Financial 585.9 +116% 22.0 17.8 16.2 +36% Distribution 167.5 Profit increased +13% Media & EC 148.3 Enterprise 94.4 +10% 104.1 in all segments 322.0 +3% 330.9 Consumer Other / Adjustment Other / Adjustment (-12.9bn) (-34.1bn) * Operating income incl. o
Slide 8: Net Income
Net Income * Record high JPY bn 348.8 323.9 Up 8% Progress toward full-year forecast: 65% (Note) Net income: net income attributable to owners of SoftBank Corp. * Net income incl. one-time factors. One-time factors: gain relating to loss of control of IPX Corporation (formerly LINE Friends Corporati
Slide 9: FY2025 Full-year Forecast Progress
FY2025 Full-year Forecast Progress JPY bn (A) FY2025 (B) FY2025 Progress Full-year forecast H1 actual (B) / (A) Revenue 6,700 3,400.8 51% Operating 1,000 628.9 63% Income * Net Income * 540 348.8 65% * Incl. one-time factors. Operating income one-time factors: gain relating to loss of control of IPX
Slide 10: FY2025 Full-year Operating Income Forecast Progress by Segment
FY2025 Full-year Operating Income Forecast Progress by Segment JPY bn (A) FY2025 (B) FY2025 Progress Full-year forecast H1 actual (B) / (A) Consumer 550.0 330.9 60% Enterprise 188.0 104.1 55% Distribution 32.0 22.0 69% Media & EC * 167.5 330.0 62% Financial 38.5 Other (R&D, etc.) -100.0 -34.1 - Tota
Slide 11: Revenue Ratio of Telecom and Non-telecom
Revenue Ratio of Telecom and Non-telecom Non-telecom share of total revenue has increased FY2020 H1 FY2025 H1 47% 63% Revenue Revenue JPY 2,428.4 bn JPY 3,403.8 bn Non-telecom Telecom (Note) Telecom: combined revenue from “Mobile” and “Broadband” in the “Consumer segment,” and “Mobile” and “Fixed-li
Slide 12: Consumer Business
Consumer Business 11
Slide 13: Consumer: Revenue
Consumer: Revenue JPY bn 1,475.7 1,426.9 Sales of goods 310.5 364.9 and others 3% Electricity 124.7 104.3 Up Broadband 202.9 208.1 Mobile 788.8 798.4 FY2024 H1 FY2025 H1 12
Slide 14: Consumer: Operating Income
Consumer: Operating Income JPY bn 322.0 330.9 Up 3% FY2024 H1 FY2025 H1 13
Slide 15: Smartphone Cumulative Subscribers
Smartphone Cumulative Subscribers Mil Smartphone subscribers Up 3% (Note) Includes enterprise subscribers 14
Slide 16: Enterprise Business
Enterprise Business 15
Slide 17: Enterprise: Revenue
Enterprise: Revenue Record high JPY bn +8% 482.0 445.8 Business +12% 230.4 8% solution 204.9 and others Up Fixed- line 84.9 83.8 Steady growth in business solutions Mobile 156.1 167.8 FY2024 H1 FY2025 H1 16
Slide 18: Enterprise: Operating Income
Enterprise: Operating Income JPY bn Record high 104.1 94.4 Up 10% FY2024 H1 FY2025 H1 17
Slide 19: Distribution Business
Distribution Business 18
Slide 20: Distribution: Revenue
Distribution: Revenue JPY bn Record high 505.8 430.7 Up 17% FY2024 H1 FY2025 H1 19
Slide 21: Distribution: Operating Income
Distribution: Operating Income JPY bn Record high 22.0 16.2 Up 36% FY2024 H1 FY2025 H1 20
Slide 22: Distribution: Factors for Strong Performance
Distribution: Factors for Strong Performance JPY bn Recurring revenue (Transaction value) 152.5 Recurring revenue expanding 21
Slide 23: Revenue by Segment
Revenue by Segment JPY Distribution Enterprise Over. 1 tn Approx. 1 tn Distribution segment revenue forecasted to exceed JPY 1 tn in FY2025 691.6 bn 531.3 bn FY2020 FY2025 FY2020 FY2025 (Forecast) (Forecast) 22
Slide 24: Media & EC Business (LY Corporation)
Media & EC Business (LY Corporation) 23
Slide 25: Media & EC: Revenue
Media & EC: Revenue JPY bn 822.8 Strategy / 790.0 37.3 27.1 Other 4% Commerce 409.7 431.5 Up Driven by Commerce Media 353.2 354.1 (Note) In FY24 Q3, the LY Corporation Group revised its management categories and transferred certain services previously categorized under “Media” to “Commerce.” Also, f
Slide 26: Media & EC: Operating Income
Media & EC: Operating Income * JPY bn 167.5 148.3 Up 13% (Note) From FY25 Q1, PayPay Bank Corporation, which was previously classified under the “Media & EC segment,” has been transferred to the “Financial segment.” As a result, the figures for FY24 H1 have been retrospectively adjusted. * Operating
Slide 27: Financial Business
Financial Business Card Bank Securities 26
Slide 28: Financial Business: Revenue
Financial Business: Revenue JPY bn 189.7 152.6 Up 24% (Note) From FY25 Q1, PayPay Bank Corporation, which was previously classified under the FY2024 H1 FY2025 H1 “Media & EC segment,” has been transferred to the “Financial segment.” As a result, the figure for FY24 H1 has been retrospectively adjust
Slide 29: Financial Business: Operating Income
Financial Business: Operating Income JPY bn 38.5 17.8 Up 116% (Note) From FY25 Q1, PayPay Bank Corporation, which was previously classified under the FY2024 H1 FY2025 H1 “Media & EC segment,” has been transferred to the “Financial segment.” As a result, the figure for FY24 H1 has been retrospectivel
Slide 30: PayPay Consolidated GMV
PayPay Consolidated GMV Card JPY tn 9.2 Bank 7.4 25% YoY 6.1 Up (Source) PayPay Corporation FY2023 FY2024 FY2025 (Notes) Payments via "PayPay Balance," "PayPay Debit," "PayPay Balance Card," "PayPay Credit," "PayPay Card (physical card)," "VISA Debit Card," "Alipay," "LINE Pay," etc. are included. T
Slide 31: PayPay Consolidated EBITDA
PayPay Consolidated EBITDA Bank Card Securities JPY bn 48.3 24.2 Up 100% 8.6 FY2023 FY2024 FY2025 (Notes) The financial statements of PayPay Bank Corporation and PayPay Securities Corporation(Source) PayPay Corporation have been consolidated with H1 H1 H1 PayPay Corporation from the beginning of FY2
Slide 32: Progress Toward Building Next-generation Social Infrastructure
Progress Toward Building Next-generation Social Infrastructure 31
Slide 33: Our Cloud Business Direction
Our Cloud Business Direction (From the earnings results presentation for the fiscal year ended March 31, 2025) Aim to start providing services sequentially from FY2026 onward Sovereign Cloud + Sovereign AI Application / SaaS Homegrown Cloud software suite LLMs AI data centers GPU CPU Storage (Fuchu,
Slide 34: Our Cloud Business Direction
Our Cloud Business Direction (From the earnings results presentation for the fiscal year ended March 31, 2025) Aim to start providing services sequentially from FY2026 onward Sovereign Cloud + Sovereign AI Application / SaaS Homegrown Cloud software suite LLMs AI data centers GPU CPU Storage (Fuchu,
Slide 35: Our Cloud Business Direction
Our Cloud Business Direction (From the earnings results presentation for the fiscal year ended March 31, 2025) Aim to start providing services sequentially from FY2026 onward Sovereign Cloud + Sovereign AI Application / SaaS Homegrown Cloud software suite LLMs AI data centers GPU CPU Storage (Fuchu,
Slide 36: Sovereign Cloud Service "Cloud PF Type A"
1) Sovereign Cloud Service “Cloud PF Type A” Provided through collaboration with Oracle (Announced October 8, 2025) Oracle Alloy Delivered with sovereignty Oracle Alloy over data and operations (Sequentially available from April 2026) East center West center (Notes) Sovereign cloud service: cloud se
Slide 37: Our Cloud Business Direction
Our Cloud Business Direction (From the earnings results presentation for the fiscal year ended March 31, 2025) Aim to start providing services sequentially from FY2026 onward Sovereign Cloud + Sovereign AI Application / SaaS Homegrown Cloud software suite LLMs AI data centers GPU CPU Storage (Fuchu,
Slide 38: Sarashina mini
2) Sarashina mini: Start providing APIs for Enterprise customers (From November 28, 2025) Financial Manufacturing Pharmaceuticals Medical / Healthcare Public sector Facilitating the implementation of homegrown LLMs in corporate systems and services to accelerate adoption API 37
Slide 39: Our Cloud Business Direction
Our Cloud Business Direction (From the earnings results presentation for the fiscal year ended March 31, 2025) Aim to start providing services sequentially from FY2026 onward Sovereign Cloud + Sovereign AI Application / SaaS Homegrown Cloud software suite LLMs AI data centers GPU CPU Storage (Fuchu,
Slide 40: AI Data Center GPU Server External Sales
3) Launched External Sales of AI Computing Infrastructure “AI Data Center GPU Server” (Announced on October 7, 2025) Dedicated environment provided Available for short-term spot use Development support software included as standard Enabling efficient and rapid model development * NVIDIA AI Enterpris
Slide 41: Supporting Business Development of AI startups
3) Supporting Business Development of AI startups “AI Foundation for Startups” Offering three plans based on business phase 2) For development and 3) For business expansion 1) For pilot users verification users users - Free provision of - Discounted provision of - Investment from SoftBank AI computi
Slide 42: Progress of Crystal intelligence
Progress of Crystal intelligence 41
Slide 43: Launching "SB OAI Japan"
Launching "SB OAI Japan” (November 5, 2025) 51% 49% Consolidated subsidiary C Holdings 50% 50% “SB OAI Japan” Exclusive offering of “Crystal intelligence” for enterprise customers in Japan Service launch planned for 2026 42
Slide 44: Summary
Summary Revenue and profit increased in all segments Revenue, operating income, and net income all reached record highs* Steady progress toward full-year forecast (Progress: revenue 51%, operating income 63%, net income 65%) Operating income in Financial business doubled Advancing growth initiatives
Slide 45: om OOftBank
om OOftBank