
Loss due to change in U.S. AI data center plan, first deficit in three years
AI-generated summary
SoftBank Group's September 2026 interim financial results were in the red for the first time in three years due to changes in plans for an AI data center in the United States and related losses.
SoftBank Group (SBG) announced its September 2026 interim financial results (International Financial Reporting Standards) on the 10th, with a net loss of 768 billion yen. The loss was affected by changes in plans for an AI (artificial intelligence) data center in the United States. Due to a significant increase in unrealized gains on Open AI stocks held, the company turned into a deficit, a complete reversal from the previous year's net profit of 2,924 billion yen. It is the first time in three years that the interim financial results have been in the red.
Investment income was 1,725.7 billion yen, due to the recording of gains on Intel stock. On the other hand, the company posted a loss of 597.2 billion yen due to changes in the procurement plan for power generation equipment for an AI data center project in the United States. In addition, losses on derivatives (financial derivatives) related to Intel stock and an increase in the number of engineers at the British semiconductor design arm, which increased personnel costs, also pushed down the company's results.
Some believe that the Democratic Party's victory in the U.S. midterm elections will create stronger headwinds for the construction of data centers, which are essential for AI development. When asked about the impact on the data center business in the United States, Chief Financial Officer Yoshimitsu Goto answered, ``I have understood the various opinions regarding the data center business in various parts of the United States even before the election.I want to maintain strong communication with local communities.''
Under these circumstances, SBG will be held on the 9th...

The Consumer Price Index (CPI) for October announced by the US Department of Labor rose 0.4% from the previous month, exceeding market expectations. Although growth has slowed due to the easing of energy prices, it shows that inflation is persistent and there are growing expectations that the Federal Reserve will raise interest rates in December.

At the Tokyo stock market on the 10th, the Nikkei Stock Average continued to rise, closing at 60,459.58 yen, up 1,684.08 yen from the previous day. The closing price has recovered to the 60,000 yen level for the first time in three business days. AI and semiconductor stocks were bought on the back of a drop in crude oil prices due to expectations of an easing of tensions in the Middle East, and positive sentiment on the previous day's rise in US stocks.

SoftBank Group's interim consolidated net income fell into the red, and Mitsui Chemicals announced that it would acquire JSR for approximately 1.4 trillion yen. The Liberal Democratic Party reprimanded four members, including former Prime Minister Ishiba, and a Chinese man was arrested in central Tokyo for operating a base station without a license.

China's General Administration of Customs announced on the 10th that the trade surplus for the period from January to October was $1.4259 trillion (approximately 165 trillion yen), marking a record high of about $1.2 trillion for the entire year of 2025 and exceeding $1 trillion for the second consecutive year. Against a backdrop of growth in semiconductor and EV exports, pressure from the US side to rectify the trade imbalance is likely to increase at the US-China summit.

According to the Ministry of Internal Affairs and Communications' September Family Income and Expenditure Survey, real consumption expenditure for households with two or more people decreased by 6.8% compared to the same month last year, marking the first significant decline in six years since September 2020. Due to bad weather such as long rains, people refrained from going out and shopping, and the ninth category of expenses, such as food, utilities, and water, decreased.
![[NY Gold] Rebound to $4,114.50, the highest price in two weeks (9th)](/api/img?u=https%3A%2F%2Fwww.jiji.com%2Fimg%2Fjijicom_og_image.png&w=320&q=72&f=webp)
Gold futures prices on the New York Mercantile Exchange rebounded on the 9th against the backdrop of low oil prices and a weak dollar, with the clearing price for the main December contract rising $39.60 (0.97%) from the previous weekend to $4,114.50 per ounce. In response to progress in negotiations with Iran, US President Trump indicated that he would prioritize diplomacy towards ending military operations, raising hopes for a easing of tensions between the US and Iran. The People's Bank of China's increase in gold reserves in October also provided support.