SoftBank Posts ~$7B Net Loss in Second Fiscal Quarter; Revised US AI Data Center Power Equipment Procurement Costs It $3.7B

November 10 — SoftBank Group reported a net loss of ¥1.12 trillion (about $7 billion) for the fiscal second quarter ended September 30, compared with a net profit of ¥2.5 trillion a year earlier, according to CNBC. Quarterly revenue was ¥2.22 trillion. The company had bought power-generation equipment in advance for US AI data center projects and later adjusted its procurement plan, recording a ¥597.2 billion (about $3.7 billion) loss in the fiscal first half as a result. A decline in Intel's share price also weighed on the quarterly results. The Vision Fund segment swung from profit to a loss of ¥81.58 billion in the quarter.