SBI ホールディングス (SBI HD)
ConfidenceLikelyUpdated2026-07-29Review by2026-10-27Sources6Machine-translatedOriginal (JA)
On this page
- TL;DR
- 1. Company overview
- Consolidated financial KPI (FY2024/3 = the 2025-03 period)
- Major shareholders (as of 2025-07-17)
- Main subsidiaries / holdings
- Key chronology (excerpt)
- 2. Business segment map
- The “4 th-megabank concept” (2020〜)
- SBI Shinsei Bank integration effect (reflected in FY2024/3 )
- Alliance / acquisition strategy
- Crypto assets / new domains
- Overseas strategy
- 4. Regulation / policy
- Related
- Sources
Wiki route
This entry sits under megabanks INDEX. Read it against Mitsubishi UFJ FG (MUFG) for peer / contrast context and banking index for the broader system / regulatory boundary.
TL;DR
One of Japan’s largest internet comprehensive financial groups. Established 1999-07-08 (formerly SoftBank Investment; later became independent from the SoftBank Group affiliation and renamed to SBI = Strategic Business Innovator). A comprehensive financial group of SBI SECURITIES (the largest online brokerage domestically) + SBI Shinsei Bank (public funds fully repaid on 2025-07-31, relisted on TSE PRIME on 2025-12-17) + SBI Insurance / SBI Life / SBI Ikiiki Shosan + SBI VC Trade (crypto assets), with the stake in SBI Sumishin Net Bank transferred to NTT docomo in 2025-10. Founder Yoshitaka Kitao is chairman and president. FY2024 (the 2025-03 period) consolidated: revenue 1兆4437億円 / ordinary profit 2823億円 / net profit 1621億円 / total assets 32.11 兆円 / net assets 1兆2614億円 / employees 19,156 名. As of 2026-01, regional-bank coordination officially lists strategic capital and business alliances with 9 行. From 2022, under the “SMBC-SBI Alliance,” smfg holds SBI HD shares and established Olive Consulting as a JV in 2025-09 . •
1. Company overview
Official name: SBI ホールディングス株式会社 • English name: SBI Holdings, Inc. Securities code: TSE PRIME 8473 • Establishment: 1999-07-08 (former SoftBank Investment Co., Ltd.) • Head office: 1-6-1 Roppongi, Minato-ku, Tokyo (Izumi Garden Tower) • Representative: Yoshitaka Kitao (Chairman and President / CEO / founder) • Origin of name: SBI = Strategic Business Innovator (inheriting the initials of the former SoftBank Investment while being redefined after independence) • Capital: 1829.25 億円 • Shares issued: 303,056,907 shares •
Consolidated financial KPI (FY2024/3 = the 2025-03 period) •
| Metric | Amount |
|---|---|
| Revenue | 1兆4437億円 (¥1,443.73 bn) |
| Ordinary profit | 2823億円 (¥282.29 bn) |
| Net profit attributable to owners of the parent | 1621億円 (¥162.12 bn) |
| Net assets | 1兆2614億円 (¥1,261.41 bn) |
| Total assets | 32兆1134億円 (¥32,113.43 bn) |
| Employees (consolidated) | 19,156 名 |
Major shareholders (as of 2025-07-17) •
| Rank | Shareholder | Shareholding ratio |
|---|---|---|
| 1 | Japan Master Trust Bank (trust account) | 14.72% |
| 2 | smfg Sumitomo Mitsui Financial Group | 8.91% ★ |
| 3 | NTT | 8.18% ★ |
| 4 | Custody Bank of Japan (trust account) | 6.88% |
| 5 | State Street Bank | 3.82% |
Main subsidiaries / holdings
SBI Holdings (holding company / listed 8473)
├── SBI SECURITIES (100%) ── online brokerage, largest domestically / accounts over 1500 万 (2025-11) •
│ │ FY2024/3 results: operating revenue 2388.67 億円 / operating profit 766.25 億円 / net profit 478.65 億円 / total assets 7.125 兆円 •
│ ├── SBI Neomobile Securities → absorbed into SBI SECURITIES in 2024
│ ├── SBI Liquidity Market 100% ── FX liquidity provision
│ └── Overseas: SBI Royal Securities (Cambodia), etc.
├── SBI Shinsei Bank (former Shinsei Bank, SBI group consolidated subsidiary, TSE PRIME 8303)
│ ├── 2025-07-31 public funds of approx. 2,300 億円 fully repaid
│ ├── 2025-12-17 relisted on TSE PRIME
│ └── former Long-Term Credit Bank affiliation (failure → under Ripplewood → listing → SBI full consolidation → relisting)
├── SBI Sumishin Net Bank (former 50% / Sumitomo Mitsui Trust Bank 50% JV, TSE PRIME 7163)
│ └── ★ 2025-10-01 transfer of all shares to NTT docomo completed → NTT docomo full consolidation (ndfg cross-ref) •
├── SBI Insurance (100%) ── fully-online auto insurance, etc.
├── SBI Life Insurance (100%) ── former PCA Life acquisition
├── SBI Ikiiki Small-Amount Short-Term Insurance (100%) ── medical / funeral insurance for the elderly
├── SBI VC Trade (100%) ── crypto-asset exchange, domestic Tier 2 scale
├── SBI Estate Management ── real-estate asset management
├── SBI Graduate School ── MBA master's program
├── SBI Global Asset Management (listed subsidiary) ── AM intermediate holding
└── SBI Liquidity Market ── FX market maker
Strategic capital and business alliance partners (9 行 as of 2026-01)
├── Shimane Bank / Fukushima Bank
├── Shimizu Bank (Shizuoka / regional bank)
├── Towa Bank / Tsukuba Bank / Taiko Bank / Tohoku Bank
├── Kirayaka Bank / Sendai Bank (under Jimoto Holdings)
└── common SBI investment + system commonization + joint product development
★ SMBC-SBI Alliance (2022〜)
├── smfg holds an SBI HD stake of 8.91% (as of 2025-07-17)
├── 2024-04 SMFG expanded its acquisition via TOB
└── Olive Consulting JV (established 2025-09-05, 5 社 joint venture)
├── SMFG 10% / Sumitomo Mitsui Banking Corporation 20% / SMBC Nikko Securities 30%
├── SBI HD 10% / SBI SECURITIES 30%
└── asset-management service for Olive Infinite planned to launch in spring 2026 Key chronology (excerpt) •
| Year/Month | Event |
|---|---|
| 1999-07-08 | SoftBank Investment Co., Ltd. established (as an investment subsidiary of the SoftBank Group, founded by Yoshitaka Kitao after leaving as SoftBank’s vice president) |
| 2000-12 | SBI SECURITIES (former E*TRADE Securities) established |
| 2005-07 | renamed SBI Holdings (effectively independent from the SoftBank G affiliation) |
| 2007 | SBI Insurance launched |
| 2008-04 | listed on the TSE First Section |
| 2011-01 | SBI Sumishin Net Bank started operations as a JV of SBI Net Bank + the Sumitomo Trust Bank affiliation |
| 2015 | acquired SBI Life Insurance (former PCA Life) |
| 2020 | proposed the “4 th-megabank concept” (building a wide-area financial base through regional-bank coordination) |
| 2020-09 | sequentially announced capital and business alliances with Shimane Bank / Chikuho Bank / Shimizu Bank, etc. |
| 2021-09 | started a TOB for Shinsei Bank (phased acquisition including market purchases) |
| 2022-04 | Shinsei Bank TOB succeeded → shareholding ratio approx. 47% (SBI became the largest shareholder and acquired management control) |
| 2022 (〜2022-06 reporting) | concluded the “SMBC-SBI Alliance” (comprehensive capital and business alliance) with smfg ★ |
| 2023-09 | Shinsei Bank fully consolidated → delisted |
| 2023-12 | renamed SBI Shinsei Bank |
| 2024-04 | smfg acquired an SBI HD stake of 8.91% (via TOB) ★ |
| 2025-03 settlement (FY2024/3) | consolidated revenue 1兆4437億円 / net profit 1621億円 / total assets 32.11 兆円 • |
| 2025-07-11 | SBI Shinsei Bank applied to the TSE for relisting |
| 2025-07-31 | SBI Shinsei Bank’s public funds of approx. 2,300 億円 fully repaid |
| 2025-09-05 | Olive Consulting established (SMBC group × SBI HD 5 社 joint venture) ★ |
| 2025-10-01 | transfer of all shares of SBI Sumishin Net Bank to NTT docomo completed (SBI HD exit, NTT docomo full consolidation → ndfg cross-ref) ★ |
| 2025-11 | SBI SECURITIES accounts surpassed 1500 万 (surpassing Nomura’s approx. 539 万) • |
| 2025-12-17 | SBI Shinsei Bank relisted on TSE PRIME (8303) |
2. Business segment map
| Segment | Main operator | Characteristics |
|---|---|---|
| Online brokerage | SBI SECURITIES | largest domestically, accounts over 1500 万 (2025-11), one of the industry’s 2 leaders with Rakuten Securities |
| Online bank (consolidated subsidiary) | SBI Shinsei Bank | public funds fully repaid on 2025-07-31, relisted on TSE PRIME 2025-12-17 |
| Online bank (former JV) | SBI Sumishin Net Bank, former 50% → transfer to NTT docomo completed 2025-10 | SBI exit completed |
| Crypto assets | SBI VC Trade | domestic Tier 2 scale, strong with institutional investors |
| Online non-life | SBI Insurance | direct-type auto insurance |
| Life insurance | SBI Life | former PCA Life acquisition |
| Small-amount short-term insurance | SBI Ikiiki Shosan | medical / funeral insurance for the elderly |
| Regional-bank coordination | Chikuho / Shimizu / Daito / Fukushima / Sendai, etc., over 10 行 | 4 th-megabank concept |
| Real estate | SBI Estate Management | asset management / private funds |
| FX | SBI Liquidity Market | market maker |
| Overseas | SBI Bank (Russia business under wind-down) / SBI Royal Securities (Cambodia), etc. | centered on Asian emerging markets |
| Education | SBI Graduate School | MBA |
| ★ SMBC coordination | Olive Consulting JV (established 2025-09 ) | SBI SECURITIES + SMBC Nikko Securities + Olive integrated operation |
Sources: ^[SBI HD「SBI 新生銀行の公的資金完済」: https://www.sbigroup.co.jp/news/2025/0731_15628.html; JPX「SBI 新生銀行 新規上場会社概要」: https://www.jpx.co.jp/listing/stocks/new/t13vrt000000432y-att/12SBIShinseiBank-Outline.pdf; SBI HD「地域社会の課題解決に資する地方創生への貢献」: https://www.sbigroup.co.jp/sustainability/sdgs/case1.html.]
The “4 th-megabank concept” (2020〜)
A strategic framework proposed by Chairman Kitao. Against the 3 major megabanks (mufg / smfg / mizuho-fg), SBI HD builds a wide-area financial platform through capital and business alliances, system commonization, and joint product development with regional banks. For the current count, the reference date of the official page takes precedence: as of 2026-01, strategic capital and business alliances with 9 行. •
- Targets: financially struggling second-tier regional banks (Chikuho / Daito / Fukushima / Sendai, etc.) + regional banks with the willingness to coordinate (Shimizu / Shimane / Tsukuba, etc.)
- Model: SBI minority investment (around 10〜20%) + joint sale of SBI products (securities / insurance / crypto assets) + commonization via the system subsidiary
- SBI Shinsei Bank full consolidation (2023-09) secured a commercial-banking license as the core of regional-bank coordination
SBI Shinsei Bank integration effect (reflected in FY2024/3 )
- Since the full consolidation (2023-09), SBI HD’s B/S has shifted significantly to a commercial-bank type (securities-business base → banking-business base)
- 2025-07 relisting application: formal presentation of a plan for full repayment of public funds 3500 億円, securing market float while maintaining SBI’s shareholding ratio •
Alliance / acquisition strategy
- ★ SMBC-SBI Alliance (2022〜): smfg holds an SBI HD stake of 8.91%
- 2022 concluded a comprehensive capital and business alliance
- 2024-04 SMFG expanded its acquisition via TOB
- 2025-09-05 Olive Consulting established (5 社 joint venture: SMFG 10% / SMBC 20% / SMBC Nikko 30% / SBI HD 10% / SBI SECURITIES 30%)
- SBI SECURITIES coordination with SMBC (an alliance while holding a competitive relationship with SMBC Nikko Securities)
- Transfer of SBI Sumishin to NTT docomo (2025-10-01) ★: SBI HD transferred all shares of SBI Sumishin Net Bank to NTT docomo → completed the online-bank exit 9 months before establishing ndfg
- Shinsei Bank TOB (2021-09〜2023-09): one of the 1 rare successful hostile-takeover cases in Japanese banking history
- Over-10 行 regional-bank alliances (2020〜): the core of the 4 th-megabank concept
Crypto assets / new domains
- SBI VC Trade: domestic Tier 2 scale, strong custody services for institutional investors
- SBI Ripple Asia: a JV for Ripple (XRP) expansion in Japan
- Web3 / stablecoins: Chairman Kitao is a crypto-asset promoter and is active in industry lobbying
Overseas strategy
- Russia business under wind-down: exit from SBI Bank (former OWB) in progress ?
- Southeast Asia: SBI Royal Securities (Cambodia), etc., emerging-market securities business
- US / Europe: limited (no IB function, retail-concentrated)
4. Regulation / policy
- Supervising authority: FSA
- SBI Shinsei Bank public funds 3500 億円 unrepaid: the residual public-capital-injection debt from the failure of the former Long-Term Credit Bank, an ongoing issue even after SBI’s full consolidation
- 2025-07 relisting application (public-funds full repayment in sight) → a milestone in the repayment strategy •
- Relationship with the FSA:
- 2021〜 during the Shinsei Bank TOB process, the FSA examined SBI’s governance capability
- 2022 after approval of the full consolidation, negotiations with the FSA continue
- Recent policy points:
- 2024〜 SBI Shinsei Bank public-funds full repayment + relisting process
- 2025〜 regulatory response for the crypto-asset business (Payment Services Act + Financial Instruments and Exchange Act)
- 2025〜 the stablecoin regime (Progmat participation trends ?)
- 2025〜 antitrust response for regional-bank consolidation (unlike mufg / smfg, SBI is a distributed-network type rather than a concentration type)
Related
- mufg · smfg · mizuho-fg · ndfg · ssnb · rakuten-fg
- minna-bank-baas-model · mercari-bank-license-stack
Sources
- Wikipedia: SBI Holdings (https://ja.wikipedia.org/wiki/SBIホールディングス, extracted 2026-05-19, FY2024/3 consolidated KPI + major shareholders 2025-07-17)
- Wikipedia: SBI SECURITIES (https://ja.wikipedia.org/wiki/SBI証券, extracted 2026-05-19, accounts 1500 万 2025-11 + FY2024/3 results)
- Wikipedia: Sumitomo Mitsui Financial Group (https://ja.wikipedia.org/wiki/三井住友フィナンシャルグループ, extracted 2026-05-18, SMBC-SBI Alliance / Olive Consulting cross-ref)
- SBI HD「SBI 新生銀行の公的資金完済」 (2025-07-31) https://www.sbigroup.co.jp/news/2025/0731_15628.html
- JPX「SBI 新生銀行 新規上場会社概要」 (listed 2025-12-17) https://www.jpx.co.jp/listing/stocks/new/t13vrt000000432y-att/12SBIShinseiBank-Outline.pdf
- SBI HD「地域社会の課題解決に資する地方創生への貢献」 (9 alliance banks as of 2026-01) https://www.sbigroup.co.jp/sustainability/sdgs/case1.html
- To be supplemented:
- SBI HD securities report (FY2024/3 ) segment-by-segment revenue / profit from primary materials
- SBI Sumishin Net Bank NTT docomo transfer consideration / capital-gain official PR
- SBI VC Trade trading volume / share primary materials
- latest individual investment ratios of regional-bank partners with reference dates
- FY2025/3 (the 2026-03 period) full-year forecast / 1Q financial summary
[!info] Verification status confidence: likely (v1.2 verified 2026-07-29 with SBI HD / JPX primary materials). The FY2024 (the 2025-03 period) consolidated KPI and the SBI SECURITIES account count and SBI HD major shareholders retain their reference dates as older extracted values, while for SBI Shinsei Bank the full repayment of public funds of approx. 2,300 億円 (2025-07-31) and the relisting on TSE PRIME (2025-12-17) were updated with primary materials. For the regional-bank alliance count, rather than the evaluative “over 10 行,” the 9 行 strategic capital and business alliances listed by SBI HD as of 2026-01 are adopted. The FY2025 (the 2026-03 period) full-year KPI and the individual investment ratios of alliance partners will be supplemented with the latest securities report.
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