The following is a summary of the SoftBank Corp. (SOBKY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• SoftBank reported a revenue increase of JPY 172 billion, up by 2.9%, exceeding the upwardly revised forecasts.

• The adjusted EBITDA for the company increased year-on-year by JPY 100 billion, and operating income saw an increase of ¥110.7 billion with contributions from all segments.

• Consumer segment experienced a decrease in revenue by ¥59.1 billion due to a downturn in the electricity trading business.

• For FY 2024 and FY 2025, SoftBank aims to balance growth investments and mid-term targets achievement.

• Enterprise segment achieved double-digit growth mainly by solution revenue, with an increase of ¥37.2 billion year-on-year.

• Total income was ¥198.0 billion, a 23.9% increase, due to cost optimization in commerce and deconsolidation of LINE Securities.

• Net income saw a significant increase due to increased operating income and absence of impairment or valuation loss recorded in the previous year.

Business Progress:

• Despite a downturn in certain areas, SoftBank managed to achieve mobile revenue increase one year ahead of its mid-term target.

• The company's PayPay platform significantly increased its user base and number of payments.

• For FY 2024, SoftBank plans to maintain a high return level across all business segments with an ambitious target of over ¥1 trillion in FY 2025.

• There are plans for investments into future growth areas, particularly generative AI, while also maintaining JP¥600 billion free cash to pay dividends.

• SoftBank plans to invest ¥150 billion into its data center business and Edge technology, partially financed already, with various funding options being considered.

• The company emphasizes investments into its Tomokomai Center, and is focusing on increasing the profitability of its data center business.

More details: SoftBank (ADR) IR

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