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SoftBank Group updated its earnings presentation materials on November 11, clarifying that the approximately $3.7 billion charge recorded in the September quarter is unrelated to the Ports-Pike data center and power generation project in Ohio. The materials show that SoftBank recorded a $2.9 billion impairment on non-refundable advance payments for power generation equipment that is no longer included in the revised plan, as well as a $900 million loss on contract-related costs—neither of which involves equipment costs for the Ohio project. Previous earnings reports showed that, affected by adjustments to the procurement plan for power generation equipment for its U.S. AI data center project, the company recognized a loss of 597.2 billion yen (approximately $3.73 billion) in the six months ended September 30, 2026.
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