SBI Shinsei Bank (8303) Q3 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2026 earnings summary
4 Feb, 2026Executive summary
Achieved record highs for total revenue, ordinary income, and net income for Q3 FY2025, with strong progress toward full-year targets.
Ordinary income for the nine months ended December 31, 2025, rose 23.4% year-over-year to ¥566.3 billion, with profit attributable to owners of parent up 21.7% to ¥90.9 billion.
Net income rose 22% year-over-year, supported by higher revenue, lower net credit costs, and reduced corporate taxes.
Customer and funding bases expanded, with retail accounts reaching 4.17 million and deposits at JPY16.9 tn.
SBI Hyper Deposits exceeded JPY1.1 tn within four months of launch, improving deposit cost structure.
Financial highlights
Total revenue for April–December 2025 was JPY249.6 bn (+10% YoY), achieving 78% of the full-year plan.
Net income reached JPY90.9 bn (+22% YoY), 91% of the full-year forecast.
Noninterest income surged 31% YoY, driven by housing loan fees, capital gains, and securitization revenues.
Net interest income declined YoY but improved in the latest quarter due to narrowing negative deposit spread.
Total assets grew to ¥23.6 trillion from ¥20.3 trillion as of March 31, 2025.
Expense ratio improved to 52.7% from 54.7% YoY, despite higher system and personnel costs.
Net credit costs decreased 30% YoY, totaling ¥25.3 billion, reflecting strong asset quality and recoveries.
Basic earnings per share for the nine months was ¥113.19, up from ¥99.40 year-over-year.
Outlook and guidance
FY2027 targets include income before income taxes up 50% from FY2024, deposits at JPY18 tn, and operating assets at JPY20 tn.
Full-year profit attributable to owners of parent is forecast at ¥100 billion, up 18.3% year-over-year, with basic EPS projected at ¥121.38.
Assumes further Bank of Japan rate hikes and positive GDP growth.
Dividend forecast for FY2025 is JPY34 per share, with a capital adequacy ratio target of at least 8.5%.
No revision to the previously announced earnings forecast.
