SoftBank posts first net loss in 2 years after $3.7B data center writedown
ns123abc · x · 2026-11-11
Per Bloomberg, SoftBank Group reported its first net loss in nearly two years after a $3.7 billion writedown on US data-center projects and a dip in AI valuations worldwide.
- The company swung to a ¥1.12 trillion loss in fiscal Q2, driven by writing down non-refundable advance payments made to secure power-generation equipment for its US data centers
- Shares plunged more than 10% Wednesday morning in Tokyo
- SoftBank is conducting a "thorough reassessment," including a review of its procurement strategy
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