Business

SoftBank Group Reports Staggering 666% Net Income Growth to ¥1.6T in Fiscal 2024

SoftBank's Fiscal 2024 Financial Highlights

Net Sales: SoftBank Group Corp. has announced a remarkable achievement for the fiscal year 2024, with net sales reaching ¥7.24 trillion (approximately $48.9 billion), marking a 7.2% increase year over year.

Unprecedented Net Income Growth

Net Income: The company reported a net income of ¥1.6 trillion for the twelve months ending March 31, showcasing an incredible 666% surge from the previous year's net income of ¥209.2 billion.

Earnings Per Share and Dividends

Diluted EPS: Diluted earnings per share stood at ¥779.4, a significant turnaround from a loss per share of ¥174.20 in the prior year.

Dividends: Looking ahead, SoftBank anticipates maintaining a total dividend per share of ¥44 billion for the fiscal year ending March 31, 2025, consistent with the previous fiscal year, leading to a total dividend payout of ¥63.5 billion.