Sakura Internet's board approved on July 28 a ¥26.0bn purchase of GPU server racks built around NVIDIA's new "HGX Rubin NVL8" chip, along with the networking gear and storage systems needed to run them. The equipment is due to arrive in January 2027; the company has not yet set a date for switching the new capacity on for customers.
The company said demand for compute has been running high among corporate clients, research institutions and public-sector users of its generative AI services, covering both model training and inference workloads. Sakura Internet described the purchase as a bid to expand its service capacity and sharpen its competitive position while contributing to the build-out of domestic AI infrastructure.
On financing, the company was specific about the method if not the terms: it will fund the purchase mainly through bank borrowings rather than equity or cash on hand. The filing names no lender and discloses no interest rate, loan term or covenant. It also says the seller of the equipment is an unrelated sales company, without naming it.
Sakura Internet said the earnings impact of the investment is still under review, and it will make a further disclosure if one becomes necessary under timely-disclosure rules. That leaves open how depreciation on hardware arriving in January 2027, before a service launch date has even been set, will land against the company's own guidance.
The same filing carried that guidance: sales of ¥45.5bn, operating profit of ¥2.5bn, ordinary profit of ¥2.3bn and net profit attributable to owners of ¥1.5bn for the year to March 2027. That compares with actual results for the year to March 2026, when the company posted sales of ¥35.3bn but an operating loss of ¥403mn, alongside ordinary profit of ¥105mn and net profit of ¥216mn.
| Metric | Year to March 2027 (forecast) | Year to March 2026 (actual) |
|---|---|---|
| Sales | ¥45.5bn | ¥35.3bn |
| Operating profit | ¥2.5bn | -¥403mn (loss) |
| Ordinary profit | ¥2.3bn | ¥105mn |
| Net profit attributable to owners | ¥1.5bn | ¥216mn |
The swing from an operating loss to a projected operating profit, set against a ¥26.0bn capital commitment financed mostly by debt, is the real tension in this filing: Sakura Internet is borrowing heavily to chase AI-compute demand it says is already high, before it can tell shareholders what that debt will do to this year's profit.