Soracom FY sales up 38% on higher recurring revenue

Soracom has posted group turnover of JPY 12.4 billion (USD 78 million) for its fiscal year to end-March, an increase of 38.1 percent year-on-year. Sales growth accelerated from 13.4 percent in FY 2025, and Soracom said it finished well above estimates provided in February, which had been increased from its original projections. The share of recurring revenues reached 75 percent on a recurring turnover of JPY 9.3 billion, an increase of 41.7 percent year-on-year. Soracom is targeting a substantial revenue li