SBI Group explained

SBI Holdings
Type:public company
Foundation:1999 as SoftBank Investment Co., Ltd.(became fully independent from Softbank in 2006)
Location City:Tokyo
Location Country:Japan
Key People: [1]
(chairman, President and CEO)
Industry:Financial Services
Services:Asset Management Financial Services
Revenue:1,210,504 million yen (fiscal year ending March 2024)
Operating Income:Consolidated: 113,616 million yen(fiscal year ending March 2024)
Num Employees:Consolidated: 18756(as of March 31, 2023)
Subsid:see group companies
Homepage:http://www.sbigroup.co.jp

SBI Holdings, sometimes referred to as Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan.[2] The group's businesses and companies are held primarily at SBI Holdings.

Some of the most prominent subsidiaries are SBI Securities, SBI Shinsei Bank and SBI Investments.

The company provides financial services in a wide range of categories, including securities, asset management, banking and insurance and has formed an Internet-based financial conglomerate. The group also has a biotechnology-related business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates the business school SBI Graduate School. SBI is listed on the first section of the Tokyo Stock Exchange and Osaka Securities Exchange.[3]

In 2022, the company entered into a comprehensive capital and business alliance with Sumitomo Mitsui Financial Group (SMFG) (commonly known as the "SMBC-SBI Alliance"), and received investment from SMFG.

Overview

Founded in 1999, the company was initially part of the Softbank group. The company was listed on the Osaka Stock exchange in December 2000 and subsequently on the Tokyo Stock Exchange in 2002. The SBI Group became completely independent from Softbank in 2006. The Financial Services Business is based on an Internet-based financial ecosystem, and undertakes a broad range of financial services, including securities, banking and insurance. At the Asset Management Business, the group conducts investments into and incubation of startup companies, and through the biotechnology-related business, it undertakes the R&D and manufacturing of pharmaceuticals, health foods and other products. The company stated in its 2020 annual report that it would pursue business growth by actively promoting the Open Alliance initiative. This involves developing win-win relationships with companies that have advanced technologies in areas such as fintech, AI, blockchain, and quantum computing, along with companies in different industries. The company's goal is to sustainably increase the corporate value and social value of the SBI Group through self-evolution and co-creation of value with a wide range of companies".[4]

In 2019,[5] SBI Holdings announced its plans to create a 4th Japanese megabank by consolidating several Japanese regional banks (up to 10) into the group and connecting them to SBI's technological pool.[6]

History

External links

Notes and References

  1. Web site: Message from Top Management . 2024-01-11.
  2. Web site: SBI Group, Corporate profile. live. https://web.archive.org/web/20090324063206/http://www.sbigroup.co.jp/english/company/information/profile.html. 2009-03-24. 2009-01-16.
  3. Web site: SBI Group, Corporate history. live. https://web.archive.org/web/20081208005840/http://www.sbigroup.co.jp/english/company/information/history.html. 2008-12-08. 2009-01-16.
  4. Web site: Annual Report｜SBI Holdings. 2020-12-26. www.sbigroup.co.jp.
  5. Web site: Gehrke. Norbert. 2019-09-14. SBI to create Fourth Mega Bank. 2020-12-26. Medium. en.
  6. Web site: Fujita. Junko. Umekawa. Takashi. Wada. Takahiko. 2020-09-23. Japan's SBI, eyeing shake-up of regional banks, may get a Suga boost. 2020-12-26. The Japan Times. en-US.
  7. Web site: Corporate History｜SBI Holdings. 2020-12-26. www.sbigroup.co.jp.
  8. Web site: Japanese firm set to acquire 25 percent of BNI Securities | the Jakarta Post. live. https://web.archive.org/web/20110430234503/http://www.thejakartapost.com/news/2011/04/28/japanese-firm-set-acquire-25-percent-bni-securities.html. 2011-04-30. 2011-04-28.
  9. Web site: SBI HOLDINGS, INC. Offering Circular . Singapore Exchange . 2 June 2024 . 82 . 28 August 2018 . On 21st August, 2018, the Tokyo Stock Exchange approved the listing of SBI Insurance Group Co., Ltd. on the Mothers division of the Tokyo Stock Exchange. Listing is scheduled to take place on 27th September, 2018..
  10. Web site: 2020-04-01. LYHOUR Microfinance Institution Plc. receives Banking License from National Bank of Cambodia. 2020-12-26. Khmer Times. en-US.
  11. Web site: Japan's SMFG and SBI to partner in digital banking. 2020-12-26. Nikkei Asia. en-GB.
  12. Web site: Sakurai . Joji . SBI Holdings to acquire Livestar Securities . S&P Global . 2 June 2024 . 29 July 2020.
  13. News: Nelson . Danny . Japanese Crypto Exchange TaoTao Agrees to SBI Purchase After Binance Talks End . 2 June 2024 . CoinDesk . Yahoo! Finance News . 7 October 2020.
  14. News: 2020-12-08. SIX and SBI Planning Digital-Asset Exchange Based in Singapore. en. Bloomberg.com. 2020-12-26.

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