SBI Holdings (8473) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 47.0% year-over-year to JPY 1,489.7 billion, with profit before income tax up 141.6% to JPY 433.3 billion and profit attributable to owners up 245.1% to JPY 349.1 billion, all record highs for the period.

• Total comprehensive income surged 336.1% year-over-year to JPY 424.1 billion.

• Annualized ROE reached 29.9%, significantly outperforming industry averages and peers.

• All major business segments—Financial Services, Asset Management, PE Investment, Crypto-asset, and Next Gen—achieved record or strong results, with significant valuation gains and segment profitability improvements.

• A two-for-one stock split was conducted on December 1, 2025, impacting EPS calculations.

Financial highlights

• Revenue: JPY 1,489.7 billion (+47.0% YoY); Profit before tax: JPY 433.3 billion (+141.6% YoY); Profit attributable to owners: JPY 349.1 billion (+245.1% YoY).

• Basic earnings per share increased to JPY 546.54 from JPY 167.33 year-over-year.

• Market capitalization as of early February 2026 was JPY 2.28 trillion for the holding company and JPY 4.92 trillion for the group aggregate.

• Total assets grew to JPY 37,239.7 billion from JPY 32,113.4 billion as of March 31, 2025.

• Share buybacks reached 10.7 million shares at JPY 36.1 billion, over 70% of the JPY 50 billion ceiling.

Outlook and guidance

• Midterm vision targets: consolidated profit before tax of JPY 500 billion, customer base of 100 million, overseas profit share of 30%, and ROE of 15% by March 2029.

• Current progress: JPY 433.5 billion profit before tax, 29.9% ROE, and 80.3 million customers as of December 2025.

• Overseas business to account for 30% of consolidated profit before tax by FY2028, with current progress at 14.7%; M&A considered to reach target.

• Dividend per share for the fiscal year ending March 31, 2026, is forecast at JPY 40.00 for the end of the second quarter; full-year forecast to be determined.