SoftBank revenue increased across all segments by ¥204,432 million (4.4%) year on year to ¥4,861,247 million, For FY ended March 31, 2020.
Japan, May 11, 2020 / Big PRwire / — SoftBank Corp. today announced its consolidated earnings results for the fiscal year ending March 31, 2020.
An overview of the consolidated results of operations for the fiscal year ended March 31, 2020 is as follows:
(a) Revenue
For the fiscal year ended March 31, 2020, revenue increased across all segments by ¥204,432 million (4.4%) year on year to ¥4,861,247 million. Revenue increased by ¥16,211 million in the Consumer segment, ¥18,393 million in the Enterprise segment, ¥65,144 million in the Distribution segment, and ¥98,516 million in the Yahoo segment.
(b) Operating income
For the fiscal year ended March 31, 2020, operating income increased across all segments by ¥93,537 million (11.4%) year on year to ¥911,725 million. Operating income increased by ¥19,834 million in the Consumer segment, ¥7,259 million in the Enterprise segment, ¥1,982 million in the Distribution segment, and ¥16,355 million in the Yahoo segment. Operating income under Others increased by ¥46,371 million. This increase was mainly due to the recording of less operating loss than in the previous year related to PayPay Corporation, which was accounted for as a subsidiary at that time, and the recording of a gain on loss of control due to the reclassification of Cybereason Japan Corp. from subsidiary of the Company to an equity method affiliate in the period under review.
(c) Net income
Net income for the fiscal year ended March 31, 2020 increased by ¥12,504 million (2.5%) year on year to ¥506,668 million. The increase in income taxes in the period under review was mainly due to the recording of ¥19,504 million in income taxes related to the gain on intergroup transfer of shares of Z Holdings, following the conclusion of the Definitive Integration Agreement for the business integration between Z Holdings and LINE Corporation, and the impact of the use of loss carryforwards in the same period of the previous fiscal year, in addition to an increase in income tax associated with the increase in profit before income taxes. Share of losses of associates accounted for using the equity method increased by ¥39,784 million to ¥46,060 million. This increase was
mainly due to initiatives undertaken to expand business at PayPay Corporation, which has been accounted for as an equity method
affiliate since May 2019.
(d) Net income attributable to owners of the Company
For the fiscal year ended March 31, 2020, net income attributable to owners of the Company increased by ¥10,680 million (2.3%) year on year to ¥473,135 million. For the fiscal year ended March 31, 2020, net income attributable to non-controlling interests increased by ¥1,824 million (5.8%) year on year to ¥33,533 million, mainly due to the consolidation of ZOZO, Inc.
(e) Adjusted EBITDA
For the fiscal year ended March 31, 2020, adjusted EBITDA increased by ¥239,463 million (17.5%) year on year to ¥1,606,529 million. The increase mainly reflects, in addition to the increase in operating income, an increase of ¥141,921 million in depreciation and amortization due to transferring rents that were previously classified as operating leases to depreciation and interest expense due to the adoption of IFRS 16 from the period under review. The Group believes that adjusted EBITDA, which
excludes the impact of non-cash transactions, is a useful and necessary indicator for more effective evaluation of its business performance.
Read Full Consolidated Financial Report For the Fiscal Year Ended March 31, 2020 (IFRS) here.
Source: SoftBank
