SoftBank Corporation (TSE: TYO:) has reported a strong financial performance for the fiscal year ended March 31, 2024, surpassing its upwardly revised forecasts. The company’s mobile revenue has seen an increase, hitting targets a year in advance, and PayPay, its payment service, has achieved full-year profitability. SoftBank aims to continue this growth trajectory in the upcoming fiscal years while focusing on investment in growth sectors.
Key Takeaways
- SoftBank surpassed its revised forecasts with increased revenue and profit.
- Mobile revenue increased ahead of schedule, and PayPay achieved full-year profitability.
- The company reported double-digit growth in the Enterprise segment and improvements in the Media & EC segment.
- Despite a decrease in consumer segment revenue due to lower electricity trading, overall operating income rose.
- Net income saw a significant increase, and the net…
