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, excluding prior negative goodwill from an acquisition.

• Annualized ROE reached 29.9%, outperforming major peers and securing the top spot in profit among major security groups.

• 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.

• Group market capitalization reached JPY 2.28 trillion for the holding company and JPY 4.92 trillion for the group aggregate.

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

Financial highlights

• Profit for the period was JPY 343.2 billion, with profit attributable to owners at JPY 349.1 billion.

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

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

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

• Shareholder benefit program continues, offering XRP or ALA worth JPY 8,000 for eligible shareholders, with market value of benefits rising sharply.

Outlook and guidance

• On track to double consolidated profit before income tax to JPY 500 billion and customer base to 100 million by March 2029, with current customer base at 80.3 million as of December 2025.

• Targeting 30% overseas profit ratio by FY2028, with current progress at 14.7% and M&A considered to achieve this.

• Aiming for JPY 100 trillion in AUM by March 2029.

• 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 is to be determined.

• Targets for FY2028 include consolidated profit before tax of JPY 500 billion and 15% ROE.