SoftBank Group Chairman Masayoshi Son indicated SoftBank is a leading candidate to invest in Tokyo Electric Power Holdings (TEPCO), and if successful, will build AI data centers in Japan.

SoftBank Group Chairman Masayoshi Son confirmed on June 24 that the company is a leading candidate to invest in Tokyo Electric Power Holdings (TEPCO). Speaking at SoftBank's shareholders meeting, Son indicated the company remains among several contenders for the investment opportunity.

Should SoftBank's investment succeed, Son stated the company intends to build AI data centers in Japan. The announcement ties SoftBank's potential entry into Japan's power utility sector directly to its broader infrastructure ambitions in artificial intelligence.

The move reflects growing competition for GPU-intensive AI compute capacity in Japan and signals SoftBank's strategy to secure domestic power sources for large-scale data center operations. A stake in TEPCO would provide both capital access for the utility and reliable energy supply for SoftBank's planned AI infrastructure buildout.