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SoftBank Group updated its earnings presentation to clarify that the $3.7 billion accrued expenses for the September quarter were unrelated to the Ports-Pike data center and power generation project in Ohio. According to the presentation data, SoftBank has prepared impairment of 2.9 billion US dollars for non-refundable advance payments for power generation related equipment that is no longer included in the company's revised plan, and a loss of 900 million US dollars on contract-related expenses. This amount does not include equipment costs associated with the Ohio project. The $6.6 billion contract covers equipment purchases for the Ohio project and other planned projects.
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SoftBank Group updated its earnings presentation to clarify that the $3.7 billion accrued expenses for the September quarter were unrelated to the Ports-Pike data center and power generation project in Ohio. According to the presentation data, SoftBank has made impairment provisions of 2.9 billion US dollars for non-refundable advance payments for power generation related equipment that is no longer included in the company's revised plan, and a loss of 900 million US dollars for contract-related expenses. This amount does not include equipment costs associated with the Ohio project. The $6.6 billion contract covers equipment purchases for the Ohio project and other planned projects.
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