OREANDA-NEWS. SoftBank Corp. adopted the International Financial Reporting Standards (IFRSs) from the three-month period ended June 30, 2013 (the "first quarter"; transition date: April 1, 2012).

For the nine-month period ended December 31, 2013 (the "period"), the Company achieved consolidated net sales of JPN 4,561,703 million, a JPN 2,214,731 million (94.4%) increase year on year, with a JPN 292,706 million (46.3%) increase in operating income to JPN 924,228 million. Income before income tax increased by JPN 217,815 million (37.5%) year on year to JPN 798,141 million, net income increased JPN 171,316 million (48.3%) to JPN 526,122 million, and net income attributable to owners of the parent increased JPN 179,441 million (58.1%) to JPN 488,231 million.

Net sales totaled JPN 4,561,703 million, for a JPN 2,214,731 million (94.4%) year-on-year increase. This was mainly due to recording sales of JPN 1,684,439 million in the newly added Sprint segment from the second quarter. Apart from this, the Mobile Communications segment also recorded a JPN 485,813 million year-on-year increase in net sales.

Cost of sales increased JPN 1,484,247 million (127.3%) year on year to JPN 2,650,642 million. This was primarily due to the addition of the Sprint segment. Furthermore, in the Mobile Communications segment, in addition to the impact of consolidating eAccess Ltd., GungHo, WILLCOM, Inc., and Supercell, the cost of goods rose in line with an increase in the number of smartphones, especially iPhone, sold at SoftBank Mobile Corp.

Selling, general and administrative expenses increased by JPN 684,558 million (124.3%) year on year to JPN 1,235,391 million. This was mainly due to the addition of the Sprint segment. Furthermore, in the Mobile Communications segment, in addition to the impact of consolidating eAccess Ltd., GungHo, WILLCOM, Inc., and Supercell, there was an increase in sales commissions at SoftBank Mobile Corp.

Income from remeasurement relating to business combination was JPN 253,886 million, an increase of JPN 252,108 million year on year. This corresponds to income of JPN 150,120 million and JPN 103,766 million recognized following reevaluation at fair value of the Company's respective equity interests in GungHo and WILLCOM, Inc. that it already held on the dates when the Company acquired control of the respective companies.

Net income totaled JPN 526,122 million, for a JPN 171,316 million (48.3%) year-on-year increase.