Canada – 2025/08/07: In this illustrated photo, the SoftBank Group (SoftBank) logo is displayed on the smartphone screen. (Photo illustration: Thomas Fuller/SOPA Images/LightRocket, Getty Images)
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Softbank on Tuesday reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) as investment losses and higher financing costs weighed on profits.
The Japanese investment giant also posted a six-month loss of 597.2 billion yen due to changes in plans to procure power generation equipment for a US AI data center project.
SoftBank’s second quarter results are as follows.
The company posted a net loss of 1.12 trillion yen in the current quarter, compared to 2.5 trillion yen in net profit in the same period last year. Sales for the quarter were 2.22 trillion yen, compared to LSEG’s forecast of 2.02 trillion yen.
Revenue increased 13.3% in the six months ended September 30, supported by growth in its communications and AI computing businesses. The company announced that the SoftBank division recorded increased revenue across all businesses, while the AI computing division’s revenue increased.
The company’s Vision Fund division posted a loss of 81.58 billion yen in the second quarter, compared to a profit of 2.38 trillion yen in the same period last year. Vision Fund 1 posted a $20 million investment loss in the quarter, as shares of publicly traded portfolio companies such as Coupang and Grab fell, despite posting a $1.3 billion profit on ByteDance.
Investment income for the Vision Fund division was 85.45 billion yen, a significant decrease from 2.81 trillion yen in the same period of the previous year. Vision Fund 2 recorded an investment profit of 89.26 billion yen, while Vision Fund 1 recorded an investment loss of 3.86 billion yen.
According to the company, as of the end of September, SoftBank’s cumulative investment in OpenAI was $54.6 billion, with a fair value of $99.6 billion and cumulative investment income of $45 billion.
AI concerns hit stock prices
Shares of the Japanese investment giant closed 13.9% higher on Tuesday. The gains came after Asian tech stocks such as Samsung Electronics and SK Hynix rose following a rally on Wall Street overnight.
Softbank stock this year
Ahead of the earnings release, SoftBank Group on Monday announced plans to jointly work with Grab and Malaysia’s PETROS to invest a total of $1.85 billion in initial capital to develop AI infrastructure in Malaysia, with a long-term goal of at least 5 gigawatts of AI computing capacity.
