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SBI Group

From Alfawiki
SBI Holdings
Company typePublic KK
IndustryFinancial services, biotechnology, education
FoundedJuly 1999; 27 years ago (1999-07)
FounderSoftBank Corp.
Headquarters
Tokyo
,
Japan
Area served
Japan, Southeast Asia, China, Germany
ProductsSecurities, asset management, banking, insurance, biotechnology products, business education
Number of employees
18,756 (2023)
Websitewww.sbigroup.co.jp/en/

SBI Holdings, also referred to as Strategic Business Innovator Group (), is a financial services conglomerate headquartered in Tokyo. Its principal subsidiaries encompass SBI Securities, SBI Shinsei Bank, and SBI Investments.

The firm delivers a broad spectrum of financial solutions, including securities, asset management, banking, and insurance, positioning itself as a prominent Internet-centric financial enterprise. Beyond finance, SBI maintains a biotechnology division dedicated to cosmetics, health supplements, and pharmaceutical research, while also overseeing the SBI Graduate School business education institution.

Publicly traded on both the Tokyo Stock Exchange and Osaka Securities Exchange, SBI posted consolidated revenues of 1,210,504 million yen and operating profits of 113,616 million yen for the fiscal year ending March 2024. As of March 2023, the group employed roughly 18,756 individuals.

In 2022, SBI entered into a strategic capital and business partnership with Sumitomo Mitsui Financial Group (SMFG), known as the "SMBC-SBI Alliance," which involved an equity investment by SMFG aimed at reinforcing SBI’s market presence.

Overview

Established in 1999 under the SoftBank umbrella, the company was initially listed on the Osaka Stock Exchange in 2000 and later on the Tokyo Stock Exchange in 2002. It gained full independence from SoftBank in 2006. The Financial Services segment operates an Internet-based ecosystem providing securities, banking, and insurance offerings. Meanwhile, its Asset Management division focuses on investing in and nurturing startups. The biotechnology arm concentrates on pharmaceutical research and development as well as manufacturing health-related products. According to its 2020 annual report, the company pursues growth via its Open Alliance initiative, fostering collaborations with firms specializing in fintech, artificial intelligence, blockchain technology, quantum computing, and other advanced sectors to boost both corporate value and societal contributions.

In 2019, SBI Holdings revealed intentions to establish Japan’s fourth megabank by consolidating up to ten regional banks and integrating them with its proprietary technology platform.

History

  • 1999
    • April - Softbank Finance Corporation became independent following SoftBank Corp.’s restructuring.
    • July - Founded as SOFTBANK INVESTMENT CORPORATION; commenced venture capital activities.
    • October - E*TRADE SECURITIES Co., Ltd. (currently SBI SECURITIES) launched Internet trading services.
    • November - Softbank Ventures Inc. (now SBI Investment Co., Ltd.) was acquired as a wholly owned subsidiary.
  • 2000
    • December 15 - Achieved listing on JASDAQ (which later merged with Osaka Securities Exchange).
  • 2002
    • February 15 - Secured listing on Tokyo Stock Exchange First Section.
    • November 27 - Listed on Osaka Securities Exchange First Section.
  • 2003-2005
    • Merged with E-Trade Co., Ltd. in 2003 and SBI Real Estate Co., Ltd. in 2004.
    • July 1, 2005 - Adopted the name SBI Holdings, Inc.; transitioned into a holding company framework.
  • 2006
    • Completed mergers with SBI Partners Co., Ltd. and Finance All Corp.
    • August - SoftBank Corp. divested its entire holding in SBI Holdings.
  • 2007-2008
    • August 2007 - Introduced proprietary trading platform through SBI Japannext Co., Ltd.
    • September 2007 - Launched operations of SBI Sumishin Net Bank.
    • January 2008 - Began activities of SBI Insurance Co., Ltd.
    • July 2008 - Rebranded E*TRADE SECURITIES as SBI SECURITIES.
  • 2011
    • April - Listed shares on Hong Kong Stock Exchange (SEHK:6488).
    • Acquired a 25% interest in PT BNI Securities in Indonesia; established representative office in Kuala Lumpur.
  • 2012-2016
    • Expanded footprint across China and Southeast Asia; initiated FX trading and online securities services.
    • November 2016 - Founded SBI Virtual Currencies Co., Ltd. (currently SBI VC Trade Co., Ltd.) to provide cryptocurrency exchange services.
  • 2017-2019
    • October 2017 - Created joint holding entity JAL SBI FinTech with Japan Airlines to develop fintech offerings.
    • September 2018 - Subsidiary SBI Insurance Group debuted on Tokyo Stock Exchange Mothers market.
    • Extended presence to Thailand and the Philippines; forged alliance with Z Holdings Group; established subsidiary in Germany.
  • 2020
    • Acquired Cambodian microfinance firm SBI LY HOUR BANK PLC and secured banking license there.
    • Entered strategic capital and business partnership with SMBC Group focusing on digital banking initiatives.
    • Purchased Livestar Securities and TaoTao Inc., broadening securities and cryptocurrency exchange operations.
    • Announced plans for Singapore-based digital asset exchange joint venture alongside SIX Group.
  • 2021-2023
    • Established capital and business partnerships with Bank of Tsukuba (2021) and Daiko Bank (2022).
    • Finalized acquisition of Shinsei Bank, making it a consolidated subsidiary by December 2021.
    • Obtained approval from Financial Services Agency for bank holding company under SBI Regional Bank Holdings (2022).
    • July 2023 - Agreed with Taiwan’s Powerchip Semiconductor Manufacturing Corporation to set up a preparatory company for semiconductor manufacturing in Japan.

See also

External links

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