SoftBank Group Corp. recorded a ¥597.2 billion ($3.73 billion) loss tied to U.S. power-generation equipment procurement, weighing on its six-month results as requirements changed for AI data center projects.
In its Nov. 10 financial report, SoftBank said the charge followed a realignment of procurement plans for power generation-related equipment. The arrangements were intended to secure power infrastructure for U.S. AI data center projects, including the PORTS-Pike Technology Campus in Ohio. SoftBank linked the procurement adjustment to evolving requirements across its U.S. projects and obligations to suppliers, according to its Nov. 10 filing.
Of the total, ¥457.0 billion ($2.85 billion) related to nonrefundable advances for manufacturing capacity and equipment. Another ¥140.2 billion ($880 million) came from contract changes and settlements, according to the filing. Together, those components made up the charge for the six months ended Sept. 30.
Payments toward the equipment arrangements reached ¥1.5 trillion ($9.48 billion) by Sept. 30, counting disbursements from the prior fiscal year. That cumulative figure spans the earlier fiscal year and the current reporting period.
The subsidiary may qualify for conditional rebates of up to $2.1 billion over 10 years on future equipment purchases. SoftBank said it could not determine the value of those rebate rights as of Sept. 30, so it did not recognize them as an asset. The potential rebates depend on future purchases and other conditions.
The equipment charge was included in SoftBank’s ¥768.0 billion net loss attributable to owners of the parent for the six-month period. The company reported a ¥2.92 trillion profit on the same measure a year earlier.
