SBI Holdings (8473) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for the nine months ended December 31, 2024, reached a record JPY 1,013.4 trillion, up 17.2% year-over-year, with profit before tax at JPY 179.4 billion and profit attributable to owners at JPY 101.2 billion; annualized ROE at 10.3%.

• All major business segments, including financial services, asset management, investment, and crypto-asset businesses, achieved significant growth and record high pre-tax income, especially post-U.S. Presidential Election.

• SBI Shinsei Bank achieved its medium-term profit target in nine months and is preparing for a major public fund repayment and potential re-listing.

• Basic earnings per share rose to JPY 334.65 from JPY 217.90 year-over-year.

Financial highlights

• Profit for the period was JPY 129.8 billion; pre-tax income up significantly year-over-year, especially in crypto assets (9x increase to JPY 18.1 billion).

• Banking business ordinary profit exceeded JPY 100 billion in the third quarter, up 88.8% year-over-year; securities and asset management segments also posted record profits.

• Assets under custody rose 40% year-over-year to JPY 46.7 trillion; investment trust sales and fees reached record highs.

• Total assets increased to JPY 30,912,082 million; cash and cash equivalents rose to JPY 5,318,711 million.

• Net cash inflow from operating activities was JPY 1,184,100 million, up from JPY 745,740 million year-over-year.

Outlook and guidance

• Expectation of continued growth in investment trust balances and fee income, with annualized growth projected at JPY 3 trillion.

• SBI Shinsei Bank plans to repay JPY 100 billion of public funds in FY2024, with further repayments and re-listing under consideration.

• Asset management AUM target set at JPY 20 trillion by FY2027, up from nearly JPY 11 trillion at end-2024.

• Group aims to expand customer base, leverage digital and blockchain technologies, and develop new markets, including digital assets and art auctions.