Softbank reports record 94.4% increase in net sales

12 Feb 2014

Japanese telecoms giant Softbank Corp has published its financial results for the nine months ended 31 December 2013, reporting a 94.4% year-on-year increase in net revenues to JPY4.562 trillion (USD44.52 billion), mainly attributed to sales of JPY1.684 trillion generated by its newly-acquired US unit Sprint. In the nine months of the fiscal year ending 31 March 2014 (9M FY2014), the company reported net profit of JPY526.122 billion, a 48.3% improvement y-o-y on the JPY354.806 billion reported in the corresponding period of FY2013. The group’s EBITDA also increased to JPY1.299 trillion in the period under review, a 48.6% improvement compared to the JPY874.083 billion reported at end-December 2012. The company projects that net sales will reach at least JPY6.0 trillion by end-March 2014, while forecasts expect EBITDA for the period to surpass JPY1.5 trillion.

In operational terms, Softbank reported a consolidated customer base of 34.760 million at end-December 2013, up by 10.97% from 31.322 million subscribers reported on 31 December 2012, corresponding to over 3.43 million net additions in the twelve month period.

Japan, Softbank Corp,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share