SBI Group

{{Short description|Parent company of the SBI group (Japanese financial conglomerate)}}

{{Multiple issues|

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{{Infobox company

| name = SBI Holdings

| logo = SBI Holdings logo.svg

| type = public company

| traded_as = {{TYO|8473}}

| foundation = 1999 as SoftBank Investment Co., Ltd.(became fully independent from Softbank in 2006)

| location_city = Tokyo

| location_country = Japan

| origins =

| key_people = {{ill|Yoshitaka Kitao|jp|北尾吉孝}} {{Cite web |url=https://www.sbigroup.co.jp/english/company/information/topmessage.html |title = Message from Top Management |accessdate=2024-01-11}}
(chairman, President and CEO)

| area_served =

| industry = Financial Services

| products =

| services = Asset Management {{!}} Financial Services {{!}}

| revenue = 1,210,504 million yen (fiscal year ending March 2024)

| operating_income = Consolidated: 113,616 million yen

(fiscal year ending March 2024)

| net_income =

| num_employees = Consolidated: 18756

(as of March 31, 2023)

| divisions =

| subsid = see group companies

| owner =

| caption =

| image = Izumi_Garden_Tower_from_Tokyo_Tower.jpg

| homepage = http://www.sbigroup.co.jp

| dissolved =

| footnotes =

}}

SBI Holdings, sometimes referred to as Strategic Business Innovator Group, ({{tyo|8473}}) is a financial services company group based in Tokyo, Japan.{{Cite web|title=SBI Group, Corporate profile|url=http://www.sbigroup.co.jp/english/company/information/profile.html|url-status=live|archive-url=https://web.archive.org/web/20090324063206/http://www.sbigroup.co.jp/english/company/information/profile.html|archive-date=2009-03-24|access-date=2009-01-16}} The group's businesses and companies are held primarily at SBI Holdings.

Some of the most prominent subsidiaries are SBI Securities, SBI Shinsei Bank and SBI Investments.

The company provides financial services in a wide range of categories, including securities, asset management, banking and insurance and has formed an Internet-based financial conglomerate. The group also has a biotechnology-related business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates the business school SBI Graduate School. SBI is listed on the first section of the Tokyo Stock Exchange and Osaka Securities Exchange.{{Cite web|title=SBI Group, Corporate history|url=https://www.sbigroup.co.jp/english/company/information/history.html|url-status=live|archive-url=https://web.archive.org/web/20081208005840/http://www.sbigroup.co.jp/english/company/information/history.html|archive-date=2008-12-08|access-date=2009-01-16}}

In 2022, the company entered into a comprehensive capital and business alliance with Sumitomo Mitsui Financial Group (SMFG) (commonly known as the "SMBC-SBI Alliance"), and received investment from SMFG.

Overview

Founded in 1999, the company was initially part of the Softbank group. The company was listed on the Osaka Stock exchange in December 2000 and subsequently on the Tokyo Stock Exchange in 2002. The SBI Group became completely independent from Softbank in 2006. The Financial Services Business is based on an Internet-based financial ecosystem, and undertakes a broad range of financial services, including securities, banking and insurance. At the Asset Management Business, the group conducts investments into and incubation of startup companies, and through the biotechnology-related business, it undertakes the R&D and manufacturing of pharmaceuticals, health foods and other products. The company stated in its 2020 annual report that it would pursue business growth by actively promoting the Open Alliance initiative. This involves developing win-win relationships with companies that have advanced technologies in areas such as fintech, AI, blockchain, and quantum computing, along with companies in different industries. The company's goal is to sustainably increase the corporate value and social value of the SBI Group through self-evolution and co-creation of value with a wide range of companies".{{Cite web|title=Annual Report｜SBI Holdings|url=https://www.sbigroup.co.jp/english/investors/library/annualreport/|access-date=2020-12-26|website=www.sbigroup.co.jp}}

In 2019,{{Cite web|last=Gehrke|first=Norbert|date=2019-09-14|title=SBI to create Fourth Mega Bank|url=https://medium.com/tokyo-fintech/sbi-to-create-fourth-mega-bank-cfe7fe7d0bc8|access-date=2020-12-26|website=Medium|language=en}} SBI Holdings announced its plans to create a 4th Japanese megabank by consolidating several Japanese regional banks (up to 10) into the group and connecting them to SBI's technological pool.{{Cite web|last1=Fujita|first1=Junko|last2=Umekawa|first2=Takashi|last3=Wada|first3=Takahiko|date=2020-09-23|title=Japan's SBI, eyeing shake-up of regional banks, may get a Suga boost|url=https://www.japantimes.co.jp/news/2020/09/23/business/economy-business/japan-sbi-regional-banks-yoshihide-suga/|access-date=2020-12-26|website=The Japan Times|language=en-US}}

History

1999{{Cite web|title=Corporate History｜SBI Holdings|url=https://www.sbigroup.co.jp/english/company/information/history.html|access-date=2020-12-26|website=www.sbigroup.co.jp}}
April - As a result of a business reorganization accompanying the conversion of SoftBank Corp. (SoftBank Group Corp. as of Jan 2021) into a pure holding company, Softbank Finance Corporation became an independent company to oversee financial-related business activities.
July - Established as SOFTBANK INVESTMENT CORPORATION; start of venture capital business.
Oct. - E*TRADE SECURITIES Co., Ltd. (currently SBI SECURITIES Co., Ltd.) commenced Internet trading services.
Nov - Softbank Ventures Inc. (currently SBI Investment Co., Ltd.) became a wholly owned consolidated subsidiary.
2000
December 15 - The company was listed on JASDAQ (merged with Osaka Securities Exchange in 2010)
2002
February 15 - Tokyo Stock Exchange listed on the First Section of the market
November 27- Listed on the First Section of the Osaka Securities Exchange
2003
June 2- E-Trade Co., Ltd. merged
2004
March 16- Merged with SBI Real Estate Co., Ltd.
2005
July 1 - Changed name to SBI Holdings, Inc., and transitioned to a holding company structure.
2006
Merged with SBI Partners Co., Ltd. and Finance All Corp.
August - A wholly owned subsidiary of SoftBank Corp. (name as of Jan 2021 : SoftBank Group Corp.) sold its entire stake in SBI Holdings, Inc.
2007
August - SBI Japannext Co., Ltd. (currently Japannext Co., Ltd.) began operation of a proprietary trading system (PTS).
September - SBI Sumishin Net Bank, Ltd. commenced operations.
2008
January - SBI Insurance Co., Ltd. commenced operations
July - SBI E*TRADE SECURITIES Co., Ltd. changed its name to SBI SECURITIES Co., Ltd
November - SBI Sumishin Net Bank, Ltd. commenced business
2011
April 14 - Hong Kong Stock Exchange listed on the ( SEHK : 6488 )
On April 27, 2011, SBI Securities, a unit of SBI Holdings, agreed to acquire a 25 percent stake in PT BNI Securities, a subsidiary company of Bank Negara Indonesia for Rp.114 billion ($16.70 million).{{Cite web|title=Japanese firm set to acquire 25 percent of BNI Securities | the Jakarta Post|url=http://www.thejakartapost.com/news/2011/04/28/japanese-firm-set-acquire-25-percent-bni-securities.html|url-status=live|archive-url=https://web.archive.org/web/20110430234503/http://www.thejakartapost.com/news/2011/04/28/japanese-firm-set-acquire-25-percent-bni-securities.html|archive-date=2011-04-30|access-date=2011-04-28}}
May- Opened a representative office in Kuala Lumpur, the capital of Malaysia
2012
March - China Dalian, China business management company changed name to "思佰益 Investment Co., Ltd. (English name: SBI (China) Co., Ltd. )"
April - SBI ALApromo Co., Ltd., commenced business.
May - SBI FXTRADE Co., Ltd., commenced business.
2014
June 25- Delisted from the Hong Kong Stock Exchange.
2015
October - SBI Thai Online Securities Co., Ltd., a first pure-play online securities company in Thailand, commenced business.
2016
November—Established "SBI Virtual Currencies Co., Ltd." (name in 2021: SBI VC Trade Co., Ltd.), which provides virtual currency exchange and trading services.
2017
October-Established a joint holding company " JAL SBI FinTech " to provide new services utilizing Japan Airlines and FinTech .
2018
September—Subsidiary SBI Insurance Group Co., Ltd. is listed on the Tokyo Stock Exchange Mothers.{{cite web |title=SBI HOLDINGS, INC. Offering Circular |url=https://links.sgx.com/FileOpen/SBI%20Offering%20Circular%20dated%2028%20Aug%202018%20(final).ashx?App=Prospectus&FileID=36001 |website=Singapore Exchange |access-date=2 June 2024 |page=82 |date=28 August 2018 |quote=On 21st August, 2018, the Tokyo Stock Exchange approved the listing of SBI Insurance Group Co., Ltd. on the Mothers division of the Tokyo Stock Exchange. Listing is scheduled to take place on 27th September, 2018.}}
2019
April - SBI NEOMOBILE SECURITIES Co., Ltd. established by SBI SECURITIES and CCC Marketing Co., Ltd., commenced business.
May - Established a representative office in Philippines
October - Formed business alliance with Z Holdings Group in the Financial Services Business.
November - Established Strategic Business Innovator Berlin GmbH., a subsidiary in Germany
2020
April - Acquired Cambodian microfinance institution SBI LY HOUR BANK PLC. (formerly Ly Hour Microfinance Institution PLC.) and obtained a banking license.{{Cite web|date=2020-04-01|title=LYHOUR Microfinance Institution Plc. receives Banking License from National Bank of Cambodia|url=https://www.khmertimeskh.com/708542/lyhour-microfinance-institution-plc-receives-banking-license-from-national-bank-of-cambodia/|access-date=2020-12-26|website=Khmer Times|language=en-US}}
April - Concluded basic agreement with the SMBC Group on a strategic capital and business alliance.{{Cite web|title=Japan's SMFG and SBI to partner in digital banking|url=https://asia.nikkei.com/Business/Finance/Japan-s-SMFG-and-SBI-to-partner-in-digital-banking|access-date=2020-12-26|website=Nikkei Asia|language=en-GB}}
October- Acquired all shares of Livestar Securities, making it a wholly owned subsidiary of the intermediate holding company SBI Financial Services. Acquired all shares of TaoTao Inc., which operates the crypto asset exchange TAOTAO, and made it a wholly owned subsidiary.{{cite web |last1=Sakurai |first1=Joji |title=SBI Holdings to acquire Livestar Securities |url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sbi-holdings-to-acquire-livestar-securities-59638217 |website=S&P Global |access-date=2 June 2024 |date=29 July 2020}}{{cite news |last1=Nelson |first1=Danny |title=Japanese Crypto Exchange TaoTao Agrees to SBI Purchase After Binance Talks End |url=https://finance.yahoo.com/news/japanese-crypto-exchange-taotao-agrees-144038550.html |access-date=2 June 2024 |agency=CoinDesk |publisher=Yahoo! Finance News |date=7 October 2020}}
December - SBI Digital Asset Holdings Co., Ltd., a subsidiary of SBI Holdings, announces with the SIX group Plans for Singapore-Based Joint Exchange Venture{{Cite news|date=2020-12-08|title=SIX and SBI Planning Digital-Asset Exchange Based in Singapore|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2020-12-08/six-and-sbi-planning-digital-asset-exchange-based-in-singapore|access-date=2020-12-26}}
2021
May - Signed a capital and business alliance with the Bank of Tsukuba.
September - TOB for Shinsei Bank.
December - 12/17 --Shinsei Bank became a consolidated subsidiary.
2022
May 12 - Officially announced a capital and business alliance with Daiko Bank
10/11 --Announced that the Bank Holding Company related to SBI Regional Bank Holdings was approved by the Financial Services Agency.
2023
July 5 - SBI Holdings announced that it has reached a basic agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC), a major foundry (semiconductor contract manufacturing) in Taiwan, to establish a preparatory company for the establishment of a semiconductor factory in Japan.