A large write-down of $3.7 billion on the value of data center projects in the United States weighs on the result. In addition, large portfolio companies such as Arm Holdings, Intel and Coupang are facing headwinds.
SoftBank has had a tough time on the stock market ahead of the report, with its share price falling 50 percent from its record high last summer. Analysts and investors have warned that SoftBank has taken on too much debt to invest in AI infrastructure.
The loss in the second quarter was 1.12 trillion yen (about 70 billion kronor). This compares with an average analyst forecast of a profit of 129 billion yen, according to Bloomberg.
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