SoftBank today released its financial report for the 2023 fiscal year ending March 31, 2024: net sales were 6.76 trillion yen, up 2.8% year over year. Net profit was 209.217 billion yen, while fiscal year 2022 lost 789.801 billion yen.
Fiscal year 2023 results:
Net sales were 6.76 trillion yen, up 2.8% from 6.57 trillion yen in fiscal 2022.
The cost of sales was 3.21 trillion yen, compared to 3.24 trillion yen in fiscal year 2022.
Gross profit was 3.54 trillion yen, while gross profit for fiscal year 2022 was 333 million yen.
Profit before tax was 57.801 billion yen, while pre-tax loss for FY2022 was 469.127 billion yen.
Net profit was 209.217 billion yen, while fiscal year 2022 lost 789.801 billion yen.
Net loss attributable to shareholders of the parent company was 227.646 billion yen, compared with a loss of 970.144 billion yen in fiscal year 2022.
The basic loss per share was 170.99 yen, compared to the basic loss of 652.37 yen per share in fiscal year 2022. The diluted loss per share was 174.20 yen, compared to 662.41 yen per diluted share for fiscal year 2022.
In fiscal year 2023, SoftBank's investment lost 559.4 billion yen, while investment lost 853.1 billion yen in fiscal year 2022.
SoftBank Vision Fund (SVF) investment lost 167.3 billion yuan (excluding income related to SVF's investment in SoftBank subsidiaries). Including SVF's investment income in ARM and other subsidiaries, the SVF division received 724.3 billion yen of investment income in fiscal year 2023.
As of March 31, 2024, SoftBank Group's total assets were 46.72 trillion yen. As of March 31, 2023, it was 43.94 trillion yen.
As of March 31, 2024, SoftBank's cash flow from operating activities was 250,547 billion yen, cash flow from investment activities was -841,461 billion yen, and cash flow from financing activities was -606.222 billion yen.
As of March 31, 2024, SoftBank had 6.19 trillion yen in cash and cash equivalents, compared to 6.93 trillion yen as of March 31, 2023.