SoftBank Corp.: revenue 2022

The revenue of SoftBank Corp. amounted to around 5.91 trillion Japanese yen in fiscal year 2022, which was an increase of about 220 billion yen compared to the previous year. SoftBank Corp. is one of the main mobile phone operators in Japan and operates as a subsidiary of SoftBank Group Corp.

The current state of the mobile communications market

A breakdown of the company’s revenue by segment shows that the consumer segment accounted for more than half of the annual revenue in fiscal year 2021. Mobile communications make up the lion’s share of the consumer segment. In the mobile communications market, SoftBank Corp.’s main competitors are KDDI Corporation, which operates the mobile carrier brand au, and NTT Docomo, which engages in the mobile communications business as a subsidiary of NTT Corporation. Data on the distribution of mobile phone subscribers show that NTT Docomo has held the highest market share in the recent years. The competition further increased when Rakuten Mobile, Inc., which had previously acted as a mobile virtual network operator (MVNO), became the country’s fourth major mobile carrier in 2020.

Preparing for the future

While SoftBank Corp. has mainly operated as a telecommunications company, it is currently expanding into other business areas in order to adapt to the changes in the information and communications technology (ICT) industry brought about by increasing digitalization. As one of these measures, SoftBank Corp. added the internet company Z Holdings to its subsidiaries in June 2019. The acquisition of Z Holdings, which operates the popular platform Yahoo in Japan, expanded the business portfolio with internet-related services, such as e-commerce and online advertising. Further measures include the growth of PayPay, a QR code payment system, and the integration of LINE Corporation, which operates LINE, the dominating messenger app in Japan.

Revenue of SoftBank Corp. from fiscal year 2015 to 2022 (in trillion Japanese yen)

Characteristic	Revenue in trillion Japanese yen
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Release date

October 2023

More information

Region

Japan

Survey time period

fiscal years 2015 to 2022; the company's fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Supplementary notes

The company has adopted IFRS 15 from the fiscal year ended March 31, 2019. IFRS 15 has been retrospectively applied to the figures for the fiscal year ended March 31, 2018. In addition, the company adopted IFRS 16 'Leases' starting from the fiscal year ended March 31, 2020. Transactions under common control are accounted for and retroactively consolidated as if such transactions were executed by SoftBank Corp. and its subsidiaries on the later of the acquisition date of the transferred companies by SoftBank Group Corp. or the opening balance sheet date of the comparative period. As a result, the figures for Z Holdings Corporation, which became a subsidiary in June 2019, have been revised retroactively to be consolidated for the fiscal year ended March 31, 2019.

100 Japanese yen equal 0.66 U.S. dollars or 0.63 euros as of November 2023.
Values have been rounded.
Data prior to fiscal year 2018 come from previous reporting.

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