SoftBank reported its first net loss in nearly two years as declines in major technology holdings weighed on the Japanese investment group, according to a BlockBeats report.
Quarterly loss
SoftBank recorded a ¥1.12 trillion ($7.1 billion) loss in its second fiscal quarter, reversing a profit in the same period last year. Falling share prices at chipmakers Arm and Intel and South Korean e-commerce company Coupang dragged on the result.
Vision Fund and market sentiment
SoftBank’s Vision Fund, which manages stakes in hundreds of technology startups, posted an ¥81.6 billion loss. The group is increasingly viewed as a bellwether for sentiment toward OpenAI and the wider AI sector.
SoftBank’s stock price has fallen more than 50% from its June all-time high amid concerns about borrowing for large AI investments and the possible effect of a sweeping Democratic victory in U.S. midterm elections on Masayoshi Son’s projects.
Source: BlockBeats English report, published Nov. 10, 2026.