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SoftBank Group records first net loss in two years due to US data center project write-down

Reuters +1 · ·by G4L

  1. 1SoftBank Group recorded its first net loss in approximately two years after taking a $3.7 billion write-down related to US data center projects.
  2. 2A loss of approximately 1.12 trillion yen ($7.1 billion) occurred in the second quarter for SoftBank Group regarding non-refundable prepayments to secure equipment and manufacturing capacity for the Ohio data center campus.
  3. 3Declines in the stock prices of Arm Holdings, Intel, and Coupang placed additional pressure on SoftBank Group's earnings.

So what's the key point?

SoftBank Group recorded its first loss in two years while processing costs for its US data center business. Falling stock prices for Arm Holdings, Intel, and Coupang added further pressure to the company's financial results.

Source Reuters +1 · View original ↗

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