SBI Holdings (8473) Q4 2025 earnings summary

Executive summary

• Fiscal year 2024 consolidated revenue reached JPY 1,443.7 billion, up 19.3% year-over-year, with pretax income up 99.4% to JPY 282.3 billion and net income up 85.8% to JPY 162.1 billion, driven by strong performance in financial services, asset management, PE investment, and crypto-asset businesses.

• ROE improved to 12.8%, surpassing the 10% target and rising from 7.7% the previous year.

• All major business segments posted record or strong results, with PE Investment and Crypto-asset businesses showing the highest growth rates.

• The group targets 100 million customers, JPY 500 billion pretax profit, and 15% ROE by fiscal 2028, focusing on global expansion and digital finance.

• Major acquisitions and share transfers, including Kyobo Life Insurance and SBI SAVINGS BANK, are set to reshape the insurance and banking segments, with future impacts pending regulatory approval.

Financial highlights

• Revenue: JPY 1,443.7 billion (+19.3% YoY); profit before tax: JPY 282.3 billion (+99.4% YoY); profit attributable to owners: JPY 162.1 billion (+85.8% YoY); basic EPS: JPY 536.09.

• Financial services business revenue exceeded JPY 1.2 trillion, with pretax income up over 30% to JPY 225.4 billion.

• Asset management revenue hit JPY 33.8 billion (+14.8%), with pretax income up 12.5% to JPY 5.4 billion.

• Crypto-asset business revenue reached JPY 80.8 billion (+41.4%), pretax income up 151.8% to JPY 21.2 billion.

• Dividend per share increased to JPY 170, with a payout ratio of 31.7%.

Outlook and guidance

• FY2028 targets: 100 million customers, JPY 500 billion pretax profit, 15% ROE, and 30% overseas profit share.

• AUM goal of JPY 20 trillion by end of fiscal 2027 through organic growth and M&A.

• Focus on expanding alliances, M&A, and digital finance, including global corridor for digital assets and stablecoins.

• Continued investment in talent, technology, and overseas business portfolio reorganization to drive sustainable growth.

• Dividend forecast for the fiscal year ending March 31, 2026, is to be determined.