SBI ホールディングス (SBI HD)
On this page
- Wiki route
- 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, accounts over 1500 万 as of 2025-11 , surpassing Nomura’s approx. 539 万) + SBI Shinsei Bank (former Shinsei Bank, fully consolidated 2023-09 ) + SBI Sumishin Net Bank (former 50% JV, transfer to NTT docomo completed 2025-10 ) + SBI Insurance / SBI Life / SBI Ikiiki Shosan + SBI VC Trade (crypto assets). Founder Yoshitaka Kitao is chairman and president. FY2024/3 (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. The “4 th-megabank concept” (proposed 2020 , building a wide-area financial base through regional-bank coordination; Chikuho / Shimizu / Daito / Fukushima / Sendai, etc., over 10 行). From 2022, under the “SMBC-SBI Alliance,” smfg holds an SBI HD stake of 8.91% and established the Olive Consulting 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) ^[extracted]
│ │ 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 ^[extracted]
│ ├── 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, 100%, fully consolidated 2023-09 , delisted → renamed 2023-12 )
│ ├── public-funds 3500 億円 unrepaid issue (ongoing)
│ ├── 2025-07 relisting application (public-funds full repayment in sight) ^[extracted from smfg ref]
│ └── former Long-Term Credit Bank affiliation (failure → under Ripplewood → listing → SBI full consolidation)
├── 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 ([[megabanks/ndfg]] cross-ref) ^[extracted]
├── 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 alliances / regional-bank partners (over 10 行, 4 th-megabank concept)
├── Chikuho Bank (Fukuoka / second-tier regional bank)
├── Shimizu Bank (Shizuoka / regional bank)
├── Daito Bank (Fukushima / second-tier regional bank)
├── Fukushima Bank (Fukushima / second-tier regional bank)
├── Sendai Bank (Miyagi / under Jimoto Holdings, second-tier regional bank)
├── [[regional-banks/shimane-bank|島根銀行]] (Shimane / second-tier regional bank)
├── Tsukuba Bank / Ikeda Senshu HD, etc. ── expanding in sequence
└── common SBI investment + system commonization + joint product development
★ SMBC-SBI Alliance (2022〜)
├── [[megabanks/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 [[regional-banks/shimane-bank |
| 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 |
| 2025-07-17 | SBI Shinsei Bank relisting application (public-funds full repayment in sight) / major-shareholder composition updated (SMFG 8.91% / NTT 8.18%) |
| 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) |
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 | former Shinsei Bank, 3500 億円 public funds unrepaid, 2025-07 relisting application |
| 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 |
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 + joint product development with over 10 行 regional banks.
- 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 ^[needs-verification]
- 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 ^[needs-verification])
- 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)
- To be supplemented:
- SBI HD securities report (FY2024/3 ) segment-by-segment revenue / profit from primary materials
- SBI Shinsei Bank public-funds repayment plan official IR / relisting prospectus
- 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
- FY2025/3 (the 2026-03 period) full-year forecast / 1Q financial summary
[!info] Verification status confidence: likely (v1.1 Wikipedia + SBI SECURITIES Wikipedia + SMFG Wikipedia cross-ref verification 2026-05-19). The FY2024/3 (the 2025-03 period) consolidated KPI (revenue 1.44 兆円 / net profit 1621 億円 / total assets 32.11 兆円 / net assets 1.26 兆円 / employees 19,156) and the SBI SECURITIES accounts 1500 万 (2025-11) and major shareholders 5 位 (SMFG 8.91% / NTT 8.18%) are Wikipedia primary-reposted values with high confidence. The SBI Shinsei Bank integration effect is clearly reflected in the consolidated B/S (total assets in the 32 兆円 range). The FY2025/3 (the 2026-03 period) full year and the structural change after SBI Shinsei Bank’s relisting need to be supplemented — confirmation of SBI HD official IR (securities report / financial summary) primary materials is the next verification step.