SoftBank Group logs 768 bil. yen loss in 1st half on U.S. data center plan
TOKYO (Kyodo) -- SoftBank Group Corp. on Tuesday reported a 768.01 billion yen ($4.9 billion) net loss for the April-September period as it was hit by
SoftBank Group disclosed a 768.01 billion yen ($4.9 billion) net loss for the April-September quarter due to alterations in its plans for constructing data centers for artificial intelligence in the United States. The loss contrasts with a record-breaking net profit of 2.92 trillion yen for the first fiscal half of the year, achieved through investments in OpenAI.
The company's revenue for the six-month period rose by 13.3 percent to 4.24 trillion yen. Investment profit for the period was recorded at 1.73 trillion yen, a decrease from 3.93 trillion yen in the previous year. SoftBank Group's investments have largely focused on AI-related industries, including semiconductors, robotics, data centers, and energy infrastructure. The company does not provide earnings forecasts, citing uncertainties within its business environment.
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