Japanese technology investment giant SoftBank Group reported a net loss of 1.1 trillion yen (USD 7 billion) for the second quarter of FY2026-27, reversing a profit in the year-earlier period, as investment-related expenses and changes to its artificial intelligence (AI) infrastructure strategy weighed on its financial performance.
The company had reported a net profit of 2.5 trillion yen in the second quarter of FY2025-26, when global stock markets were reaching record highs.
SoftBank attributed its latest quarterly loss to several factors, including interest expenses and selling and administrative costs. It also cited a revision of procurement plans for power-generation equipment intended for AI data centre projects in the United States.
The change in procurement strategy resulted in a cost of USD 3.7 billion during the first half of FY2026-27, the company said.
SoftBank said it had revised the plans in response to evolving requirements across its existing and planned projects, signalling adjustments to its approach to building the infrastructure needed to support the expansion of AI computing capacity.
The development comes as SoftBank steps up its investments in artificial intelligence and related infrastructure, with founder and Chief Executive Masayoshi Son positioning AI as a transformative technology with the potential to reshape industries and economies.
SoftBank is also a major investor in OpenAI, the company behind ChatGPT, as it seeks to expand its exposure to the global AI ecosystem.