SoftBank books a US$3.7 billion loss on advance payments for power equipment at US data centre projects, including Pike County, Ohio, after plans changed

What changed

Reuters reports that SoftBank Group swung to a net loss of 1.1 trillion yen (about US$7 billion) for July to September 2026, its fiscal second quarter. SoftBank said it logged a US$3.7 billion loss on advance payments for equipment in US data centre projects, including a large development in Pike County, Ohio, after plans changed, and that it would be entitled to rebates of up to US$2.1 billion on future purchases. Its CFO said competition for energy supply and power generation equipment led to buying before long-term specifications were finalised; the payments could not be refunded when cancelled. Financing costs rose to 462 billion yen in the quarter, and the group raised US$56.5 billion, its largest quarterly total. Figures are as reported by Reuters.

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