SoftBank Group shares tumbled as much as 11%, hitting 3,465 yen intraday in Tokyo, after the Japanese tech investment firm posted its first net loss in nearly two years: a 1.12 trillion yen ($7.1bn) loss in the fiscal second quarter. The hit included a $3.7bn impairment on a U.S. data‑center project and markdowns of AI‑related assets, and primarily reflected write‑offs of prepayments for power equipment—originally for an 8GW Ohio project and other U.S. data centers—that became unrecoverable afte

SoftBank Group shares tumbled as much as 11%, hitting 3,465 yen intraday in Tokyo, after the Japanese tech investment firm posted its first net loss in nearly two years: a 1.12 trillion yen ($7.1bn) loss in the fiscal second quarter. The hit included a $3.7bn impairment on a U.S. data‑center project and markdowns of AI‑related assets, and primarily reflected write‑offs of prepayments for power equipment—originally for an 8GW Ohio project and other U.S. data centers—that became unrecoverable after project changes.