SBI Holdings (8473) Q2 2026 earnings summary

Executive summary

• Revenue for 1H FY2025 rose 33.5% year-over-year to JPY 902.6 billion, with profit before income tax up 168.9% to JPY 212.1 billion and profit attributable to owners up 270.7% to JPY 165.8 billion, all record highs.

• Annualized ROE reached 22.5%, surpassing the FY2028 target of 15% and significantly above industry peers.

• Total comprehensive income reached JPY 180.9 billion, a turnaround from a loss in the prior year.

• Interim dividend set at JPY 40 per share, up JPY 10 from the previous year.

• A 2-for-1 stock split is scheduled for December 1, 2025.

Financial highlights

• Basic earnings per share increased to JPY 527.54, and diluted EPS to JPY 494.02 year-over-year.

• Total assets grew to JPY 35,304.5 billion, with equity attributable to owners at JPY 1,517.2 billion.

• Cash and cash equivalents increased to JPY 6,223.6 billion.

• Financial Services revenue and pretax profit grew by around 13%, both at record highs.

• Asset Management revenue up 9.2%, pretax income up 7.8%, both at record highs.

Outlook and guidance

• Full-year profit before tax expected to reach JPY 383.7 billion, with additional gains from affiliate sales and Kyobo Life Insurance acquisition.

• Consolidated profit before income tax expense of JPY 500 billion for FY2025 is considered achievable.

• Medium-term vision targets JPY 500 billion profit by March 2029, with current trajectory suggesting early achievement.

• Overseas business share of consolidated pre-tax profit targeted to rise from 17% in 2024 to 30% by 2028.

• Customer base goal set at 100 million, up from 78.4 million as of September.