SoftBank posted a ¥1.12 tln (USD 71 bln) net loss in the second fiscal quarter, its first in nearly two years, reversing a year-earlier profit. Share-price declines in major holdings including Arm, Intel and Coupang weighed on results. Vision Fund re

2026-11-10

SoftBank posted a ¥1.12 tln (USD 71 bln) net loss in the second fiscal quarter, its first in nearly two years, reversing a year-earlier profit. Share-price declines in major holdings including Arm, Intel and Coupang weighed on results. Vision Fund recorded a ¥81.6 bln loss. Investors cite concerns over AI-related spending and demand; SoftBank is increasingly viewed as a bellwether for sentiment toward OpenAI and the broader AI sector. Since a June record high, SoftBank shares have fallen more than 50% amid worries about debt-funded AI investments and fears a Democratic sweep in the US midterms could stall projects backed by Masayoshi Son.