SBI Holdings (8473) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 revenue reached a record-high ¥443.2 billion, up 34.1% year-over-year, with profit attributable to owners surging 295.9% to ¥84.6 billion and annualized ROE at 24%, far exceeding the 15% medium-term target.

• Financial Services maintained strong momentum, while PE Investment swung from a prior-year loss to a ¥30.7 billion profit, driven by listed equity valuation gains.

• Next Gen Business returned to profitability, aided by Mynavi's contribution.

• Basic earnings per share increased to ¥279.20 from ¥70.79 year-over-year.

Financial highlights

• Revenue: ¥443.2 billion (+34.1% YoY); profit before tax: ¥90.4 billion (+74.6% YoY); profit attributable to owners: ¥84.6 billion (+295.9% YoY); all record highs for a first quarter.

• Total assets increased to ¥32,996,473 million; cash and cash equivalents rose to ¥6,318,384 million.

• Total equity increased to ¥1,842,112 million, with equity attributable to owners at ¥1,319,012 million.

• Outperformed major domestic securities groups in net profit growth rate.

Outlook and guidance

• Sale of entire stake in SBI Sumishin Net Bank to NTT DOCOMO expected to record approx. ¥142.4 billion gain in Q3 FY2025.

• Acquisition of Kyobo/KDB Life Insurance to result in approx. ¥30 billion gain on negative goodwill and annual equity-method income of ¥12–13 billion.

• FY2025 consolidated profit before tax may reach the medium-term vision target of ¥500 billion ahead of schedule.

• Dividend per share for FY2025 was ¥140.00, with a full-year forecast of ¥170.00 for FY2026 (forecast to be determined).