SoftBank Sees Red Over AI Data Centers
SoftBank Group reported a net loss of 768 billion yen for the six months from April to September, largely due to losses associated with a review of its artificial intelligence data center plans in the United States, but the Japanese technology investment giant said it would continue pursuing its long-term AI strategy despite the financial setback. (News On Japan)
On November 10, 2026, SoftBank Group announced a net loss of 768 billion yen for the second quarter of fiscal 2026, primarily due to reassessments of its AI data center initiatives in the United States. Despite the financial setback, the company maintains its long-term commitment to artificial intelligence technology. SoftBank's Chief Financial Officer, Yoshimitsu Goto, reiterated the company's dedication to its AI vision, emphasizing that short-term financial fluctuations are not a cause for concern.
The tech investment firm has committed a total of 10 trillion yen to US-based OpenAI, highlighting its confidence in the industry's growth potential. Meanwhile, Japan's stock market showed resilience, with the Nikkei 225 surging 2.87% to close at 60,459.58, recovering the psychologically important 60,000 level. The Nikkei 225 also gained 1,340.73 points, or 2.33%, on November 9, as investors returned to equities following a sharp selloff the previous week.
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