SBI Shinsei Bank (8303) Q4 2026 earnings summary

Executive summary

• FY2025 total revenue reached ¥334.6bn; income before income taxes was ¥122.1bn, net income ¥113.4bn, and ROE 10.4%.

• Annual dividend per share was raised from ¥34 to ¥42.

• Full repayment of public funds and relisting on the TSE Prime Market were completed.

• FY2026 guidance targets ¥132bn income before taxes, aiming to meet the MTMP’s FY2027 target one year early.

Financial highlights

• Total revenue rose 12% YoY to ¥334.6bn; net income increased 34% to ¥113.4bn, reaching 113% of plan.

• Ordinary income rose 26.1% to ¥774.1bn and ordinary profit increased 58.6% to ¥123.4bn.

• Deposits reached ¥17.3tn and operating assets ¥18.0tn; total assets grew ¥4.4tn YoY to ¥24.7tn.

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

• Basic EPS was ¥137.66; total equity rose ¥273.7bn to ¥1,233.0bn.

Outlook and guidance

• FY2026 income before taxes forecast at ¥132.0bn, up 8.1% YoY; the effective tax rate is expected to be close to statutory.

• FY2026 dividend forecast remains ¥42 per share, with potential for an increase depending on profit levels.

• Guidance excludes non-recurring impacts and provision reversals; plans may be updated quarterly as projects progress.

• Housing-loan originations target ¥1tn, compared with ¥900bn in the prior term.