Japanese telecoms giant Softbank Corp has published its financial results for the fiscal year ended 31 March 2014 (FY2014), reporting a 108.2% year-on-year increase in net sales to JPY6.666 trillion (USD65.69 billion), up from JPY3.202 trillion reported in FY2013; the increase was mainly attributed to an increase in revenues generated by the mobile segment and sales of JPY2.601 trillion generated by its US subsidiary Sprint. The company reported operating income of JPY1.085 trillion in FY2014, up by 35.8% y-o-y from JPY799.399 billion, while net income increased by 33.9% to JPY586.149 billion in the period under review. The group’s EBITDA also increased, to JPY1.787 trillion by end-March 2014, up by nearly 55% y-o-y from JPY1.153 trillion in FY2013. Softbank projects that its net sales will reach JPY8 trillion in the year ended March 2015 (FY2015), while the company forecasts that EBITDA for the period will surpass JPY2 trillion.
In operational terms, Softbank reported a consolidated customer base of 35.925 million at end-March 2014, up by 10.6% y-o-y from 32.480 million subscribers reported on 31 March 2013. Further, the company reported that it sold a total of 12.033 million handsets in the twelve months under review, with 8.629 million of them being new subscriptions, while 5.546 million were said to be upgrades.