SBI Shinsei Bank (8303) Q4 2026 earnings summary

Executive summary

• Achieved record-high total revenue, ordinary income, and net income for FY2025, with ROE rising to 10.4% from 8.8% year-over-year.

• Upward revision of full-year forecasts and dividend per share increased from JPY34 to JPY42.

• Completed full repayment of public funds and relisted on the Tokyo Stock Exchange Prime Market.

• Entered a new growth stage, leveraging a diversified business portfolio and collaboration within the SBI Group.

• Net interest income declined due to higher funding costs, but non-interest income increased, driven by venture investment exits, securitization gains, and higher housing loan fees.

Financial highlights

• Total revenue rose 12% year-over-year to JPY334.6bn, 105% of the full-year plan.

• Net income increased 34% year-over-year to JPY113.4bn, 113% of the full-year plan.

• Ordinary income: ¥774.1 billion (+26.1% YoY); ordinary profit: ¥123.4 billion (+58.6% YoY).

• Total assets grew by ¥4.4 trillion year-over-year to ¥24.7 trillion, with loans, securities, and deposits all increasing.

• Expense-to-revenue ratio improved to 53.2% from 56.4% year-over-year.

Outlook and guidance

• FY2026 income before income taxes planned at JPY132.0bn, aiming to achieve MTMP’s FY2027 target one year early.

• Dividend forecast for FY2026 maintained at JPY42 per share, with potential for increase depending on profit levels.

• Continued focus on expanding growth drivers, operating leverage, digital finance initiatives, and balancing financial soundness with growth investments.