SoftBank Corp. (OTCPK:SOBKY) Q2 2024 Earnings Conference Call November 8, 2024 2:00 AM ET
Company Participants
Kazuhiko Fujihara – Director, EVP and CFO
Junichi Miyakawa – President and CEO
Conference Call Participants
Satoru Kikuchi – SMBC, Nikko Securities
Daisaku Masuno – Nomura Securities
Kazuki Tokunaga – Daiwa Securities
Operator
Thank you very much for waiting. We would like to start SoftBank Corporation Earnings Results Presentation for the Six Months Ended September 30, 2024. We would like to introduce today’s attendees SoftBank Corporation, President and CEO, Miyakawa, Board Director, Executive Vice President and CFO, Fujihara.
Today’s presentation will be broadcast over the Internet. Now President and CEO, Miyakawa will give an overview of SoftBank consolidated financial results, and business overview.
Junichi Miyakawa
I am Miyakawa from SoftBank. Thank you so much for your attending today. So over the weekend after the weekend, so this is the first day after the weekend. And thank you so much for taking time out of your busy schedule. Please bear with us for an hour or so. So now the second quarter earnings have been settled, I would like to explain the results.
The revenue was ¥3,152.1 billion, up 7% from the previous year. Revenue exceeded ¥ 3 trillion for the very first time in the first half of the fiscal year, making it the highest ever. As shown here, revenues increased in all businesses, in particular enterprise, distribution and financial businesses. These three businesses grew at double-digit rates.
Operating income was ¥585.9 billion up 14%. As for operating income, all businesses reported an increase in profits in addition to double-digit gains in the enterprise, media, EC and distribution businesses, the financial business turned positive. Net income increased 7% to ¥323.9 billion.
The consolidated financial summary is as shown here: the results show an increase in
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