SoftBank Group Corp. recorded a loss of 369.2 billion yen in the fiscal third quarter, following a profit of 950 billion yen in the prior year. The company, based in Tokyo, reported a 3% increase in quarterly sales to 1.83 trillion yen.
Founder and Chief Executive Masayoshi Son disclosed a plan to invest up to $500 billion into an AI project named Stargate alongside President Donald Trump and other partners.
For the nine months until December, SoftBank achieved a profit of 636 billion yen, marking a significant improvement from the 459 billion yen loss in the same period last year.