SoftBank Group closed its second fiscal quarter, corresponding to the months of July to September, with a negative result of 1.11 trillion yen (6,280 million euros). These are its first losses in almost two years and they represent a turnaround from the profit of 2.5 trillion yen (14,140 million euros) obtained in the same period of the previous fiscal year, as the Japanese conglomerate said.
The impact on the accounts of the Japanese multinational is largely due to an extraordinary charge of 597.248 billion yen (3.377 billion euros), derived from non-refundable advance payments, as well as from changes and cancellations of contracts in the United States linked to its subsidiary Silver Bands 7 (SB7). These agreements affect manufacturing capacity reserves, equipment acquisition contracts, and other commitments related to equipment for power generation, aimed at ensuring a solid electrical infrastructure for AI data center projects in the US.
At the same time, the revenue of the investment vehicle led by Masayoshi Son between July and September stood at 2.21 trillion yen (12,500 million euros), which represents a 15% increase compared with the same quarter of the previous year.
Thus, across the first half of its fiscal year, which will end in March 2027, SoftBank Group accumulated a negative result of 768.007 billion yen (4.343 billion euros), compared with the gains of 2.9 trillion yen (16.400 million euros) recorded in the first half of the prior fiscal year.
In that same period, the conglomerate’s revenue rose to 4.23 trillion yen (23.920 million euros), 13.3% higher year-on-year, with capital gains in its investments of 1.72 trillion yen (9.730 million euros), which represents a 56% drop compared with a year earlier.
The technology funds Vision Fund obtained in the half-year a positive result of 705.617 billion yen (3.990 billion euros), 79.3% less, while their investments in portfolio companies generated capital gains of 1.07 trillion yen (6.050 million euros), 196% more.