Markets
SoftBank Slipped After a $7 Billion Loss as Taiwan Rallied
SoftBank reported a quarterly net loss of 1.12 trillion yen ($7 billion) on November 10, 2026. Its shares fell as much as 3.7% on Wednesday as Taiwan rallied.
SoftBank Group's shares had a strange 24 hours. On Tuesday, November 10, they closed 13.9% higher in a broad rebound in Asian technology stocks. After the close, the company reported a net loss of 1.12 trillion yen, about $7 billion, for the three months to September, against a profit of 2.5 trillion yen a year earlier. On Wednesday morning the shares fell as much as 3.7% before trimming the loss to about 1%.
Revenue was not the issue: it came in at 2.22 trillion yen, ahead of the 2.02 trillion yen LSEG consensus. The swing came from investments. The Vision Fund segment lost 81.58 billion yen after a 2.38 trillion yen profit a year earlier, as shares of Coupang and Grab fell. SoftBank also booked a 597.2 billion yen ($3.7 billion) loss over the half-year after changing its plans for power generation equipment it had bought for US AI data centres; it had paid $9.48 billion for that equipment by the end of September.
OpenAI is the line investors watch most closely. SoftBank valued its stake at $99.6 billion at the end of September, against $54.6 billion invested, a cumulative gain of $45 billion. The company said a possible higher valuation from OpenAI's new funding round is not yet in the numbers and could be booked in the fiscal third quarter, which gives the stock a known catalyst in the next report.
Elsewhere in Asia, Wednesday belonged to Taiwan and Korea. Early in the session the Taiex was up 2.1%, led by a 3.1% rise in TSMC, South Korea's Kospi rose 1.6% to 5,321.10 with SK Hynix up 3.4% and Samsung Electronics 2.3%, and Japan's Nikkei 225 gained 0.8% to 60,942.48, the Associated Press reported. Hong Kong's Hang Seng fell 0.7% and the Shanghai Composite 0.3%. The Australian dollar slid close to 1% to a seven-month low, Reuters reported.
The rally came despite Wall Street's retreat after the hot October inflation report, and Nasdaq futures were up 1.3% in Asian hours after CoreWeave's results. For SoftBank, the loss itself matters less than what it says about the cost of building AI infrastructure: borrowing, prepaid equipment and paper gains on private stakes now drive the results, so the shares will keep moving with the AI trade more than with anything in the quarterly accounts.