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SoftBank 9-month Profit Rises; Backs FY Outlook

SoftBank Corp reported that its net income attributable to owners of the Company for the nine months ended December 31, 2018 increased by 18.7% year on year to 395.90 billion yen, due to the increase in operating income.

Net income for the nine months ended December 31, 2018 increased by 17.5% year on year to 392.32 billion yen.

Financing costs increased by 14.21 billion yen year on year to 43.9 billion yen. This increase mainly reflected an increase in interest expenses on borrowings from softBank Group Corp. and financial institutions. Share of losses of associates accounted for using the equity method increased by 13.46 billion yen to 15.53 billion yen. The increase was mainly due to initiatives undertaken to expand business at PayPay Corporation.

Operating income increased by 18.5% year on year to 634.95 billion yen.

Revenue increased by 4.9% year on year to 2.78 trillion yen.

For the fiscal year ending March 31, 2019, the company still expects revenue of 3.70 trillion yen, operating income of 700.00 billion yen, and net income attributable to owners of the Company of 420.00 billion yen.

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