Sbi Holdings Incorporated · TSE:8473
Sbi — Sbi Holdings Inc Ord — Q2 2026 Earnings Presentation
158 slides from Sbi's earnings presentation, Oct 31, 2025
Slide 1: SBI Holdings, Inc. Financial Results
Strategic Business Innovator SBI Holdings, Inc. Financial Results For the Six-month Period Ended September 30, 2025 (Fiscal Year Ending March 31, 2026) October 31, 2025
Slide 2: The items in this document are provided as information related to the financial results
The items in this document are provided as information related to the financial results and the business strategy of the SBI Group companies and not as an invitation to invest in the stock or securities issued by each company. The business collaboration with SBI Shinsei Bank described in this docume
Slide 3: I. 1H FY2025 Consolidated Performance Overview
I. 1H FY2025 Consolidated Performance Overview II. Analysis of FY2025 Consolidated Performance III. Various measures being vigorously promoted to achieve all goals of the mid- term vision [Unauthorized reproduction is prohibited] 2
Slide 4: I. 1H FY2025 Consolidated Performance Overview
I. 1H FY2025 Consolidated Performance Overview [Unauthorized reproduction is prohibited] 3
Slide 5: Consolidated Performance Overview
[Consolidated Performance Overview] • Revenue increased 33.5% year-on-year to JPY 902.6bn, profit before income tax expense rose 168.9% to JPY 212.1bn, each marking a record high for a first half • In profit before tax income expense, the Financial Services Business and the Asset Management Business
Slide 6: 1H FY2025 Consolidated Performance (IFRS)
1H FY2025 Consolidated Performance (IFRS) [Year-on-year comparison] (Unit: JPY million) 1H FY2024 1H FY2025 YoY % (Apr.-Sept. 2024) (Apr.-Sept. 2025) change Record Revenue 676,030 high*1 902,559 +33.5 Profit before Record income tax 78,872 high*1 212,104 +168.9 expense Profit for the Record period 6
Slide 7: Comparison of Interim Net Profit with Major Securities Groups
Comparison of Interim Net Profit Attributable to Owners of the Company with Major Securities Groups (Unit: JPY million) 1H FY2024 1H FY2025 YoY % (Apr.-Sept. 2024) (Apr.-Sept. 2025) change SBI Holdings （IFRS） 44,726 165,801 +270.7 NOMURA HOLDINGS （US-GAAP） 167,325 196,643 +17.5 Daiwa Securities Sche
Slide 8: 1H FY2025 Performance by Segment (IFRS)
1H FY2025 Performance by Segment (IFRS) [Year-on-year comparison] Profit Before Income (Unit: JPY million) Revenue Tax Expense 1H FY2024 1H FY2025 YoY % 1H FY2024 1H FY2025 YoY % (Apr. 2024– (Apr. 2025– (Apr. 2024– (Apr. 2025– Sept. 2024) Sept. 2025) change Sept. 2024) Sept. 2025) change Financial S
Slide 9: Interim Dividend Per Share Decided at JPY 40
Interim Dividend Per Share was Decided at JPY 40, an Increase of JPY 10 Per Share Compared to the Interim Dividend of the Previous Fiscal Year [Basic Policy for Shareholder Return] The total amount of dividends will be approximately 30% of profit before income tax expense of the Financial Services B
Slide 10: Business Overview of Each Business Segment
[Business Overview of Each Business Segment] [Unauthorized reproduction is prohibited] 9
Slide 11: 1. Financial Service Business
1. Financial Service Business [Financial Service Business Consolidated Results (IFRS)] (Unit: JPY million) 1H FY2024 1H FY2025 YoY (%) (Apr. 2024 – Sept. 2024) (Apr. 2025 – Sept. 2025) Record Revenue 621,683 high 707,392 +13.8 Profit before income Record tax expense 104,426 high 118,026 +13.0 Breakd
Slide 12: Financial Services Business: Banking Business
1. Financial Services Business: (1) Banking Business [Major constituent companies] SBI Shinsei Bank Group, SBI ARUHI, SBI SAVINGS BANK(South Korea), Solaris SE (Germany), Other overseas banks [Unauthorized reproduction is prohibited] 11
Slide 13: SBI Shinsei Bank 1H FY2025 Consolidated Performance
1-(1) Banking Business: SBI Shinsei Bank SBI Shinsei Bank 1H FY2025 Consolidated Performance [JGAAP] 1H FY2024 1H FY2025 YoY (Unit: JPY billion) (Apr. 2024–Sept. 2024) (Apr. 2025–Sept. 2025) change (%) Gross operating profit 140.9 165.7 +18 Ordinary business profit 58.0 79.2 +37 Profit before income
Slide 14: Number of Retail Accounts and Total Deposit Balances at SBI Shinsei Bank
1-(1) Banking Business: SBI Shinsei Bank Number of Retail Accounts and Total Deposit Balances at SBI Shinsei Bank (10 thousand (JPY trillion) accounts) Dec. 2021 Total amount of deposits (Left) 403 Joined the SBI Group Number of accounts (Right) 387 400 18 353 16.3 16 14.6 316 14 304 11.5 300 12 9.9
Slide 15: SBI Shinsei Bank's Operating Assets
1-(1) Banking Business: SBI Shinsei Bank (JPY trillion) SBI Shinsei Bank’s Operating Assets 18 Dec. 2021 Joined the SBI Group 16.1 16 14.3 Marketable securities/ Other 14 3.6 Overseas business 11.4 Showa Leasing 12 0.5 10.3 0.6 Structured 10 2.1 finance 8.1 Institutional 8 Business 5.2 Corporate 6 (
Slide 16: Financial Services Business: Securities Business
1. Financial Services Business: (2) Securities Business [Major constituent companies] SBI SECURITIES, SBI Liquidity Market, SBI FXTRADE, SBI MONEYPLAZA, PTS operating companies, overseas securities subsidiaries, etc. [Business highlights] • The consolidated financial results for SBI SECURITIES (J-GA
Slide 17: SBI SECURITIES 1H FY2025 Consolidated Results
1.(2) Securities Business: SBI SECURITIES 1H FY2025 Consolidated Results (J-GAAP) [Year-on-year comparison] (Unit: JPY million) 1H FY2024 1H FY2025 YoY change (Apr. 2024 – Sept. 2024) (Apr. 2025 – Sept. 2025) (%) Operating Revenue 115,750 Record high 128,833 +11.3 Net Operating Revenue 103,189 Recor
Slide 18: SBI SECURITIES Steadily Expands Revenue After ZERO Revolution
1.(2) Securities Business: SBI SECUIRITIES Steadily Expands its Revenue Even After the Start of the “ZERO Revolution” [Comparison of SBI SECURITIES’ Consolidated Operating Revenue (Net Sales) Breakdown] (JPY million) 140,000 128,833 Other revenues 130,000 115,750 15 (0.0%) 120,000 102,091 12 (0.0%)
Slide 19: SBI Group Boasts Highest Number of Securities Accounts
1.(2) Securities Business: SBI Group Boasts the Highest Number of Securities Accounts in the Industry -Progress rate toward 30 million accounts is 49.2%- <Number of Securities Accounts of the SBI Group and Major Face-to-face Securities Companies> End of Sept. 2025 (Thousand accounts) (end of Mar. 20
Slide 20: SBI Group Share of Individual Stock Trading Value
1.(2) Securities Business: Driven by the Expansion of its Customer Base, the SBI Group has Significantly Increased its Share of Individual Stock Trading Value, Reaching a Dominant Market Position <Trend in Share (quarter) of <(of which) Trend in Share (quarter) of Individual Stock Trading Value*> In
Slide 21: Financial Services Business: Insurance Business
1. Financial Services Business: (3) Insurance Business [Major constituent companies] SBI Insurance, SBI Life Insurance, Small-amount short-term insurance companies, LY HOUR SBI Insurance [Business highlights] • For 1H FY2025, consolidated results for the SBI Insurance Group were driven by a steady i
Slide 22: SBI Insurance Group's Consolidated Performance
1. (3) Insurance business： SBI Insurance Group’s Consolidated Performance (Preliminary Figures) *Final consolidated figures for 1H FY2025 to be released on November 12 Consolidated results for 1H FY2025 (J-GAAP) 1H FY2024 1H FY2025 YoY change (Unit: JPY million) （Apr. 2024 – Sept. 2024） (Apr. 2025 –
Slide 23: SBI Insurance Group's Total Number of In-Force Contracts
SBI Insurance Group’s Total Number of In-Force Contracts CAGR 15.6% (End of Mar. 2016 to end of Sept. 2025) End of Apr. 2025 Surpassed 3m Sept. 2023, SBI (million contracts) Pet SSI joined the contracts! Sept. 2020, SBI JOGUCHI Group 3.50 June 2019, SBI SAFETY SSI 2.99 3.07 PRISM SSI joined the Grou
Slide 24: 2. Asset Management Business
2. Asset Management Business [Major constituent companies] SBI Global Asset Management (SBIGAM), SBI Asset Management (SBIGAM subsidiary), Wealth Advisor (SBIGAM subsidiary), SBI Okasan Asset Management (SBIGAM subsidiary), SBI RHEOS HIFUMI (Planned merger with SBIGAM) [Asset Management Business Con
Slide 25: Consolidated Results of SBI Global Asset Management
2. Asset Management Business： Consolidated Results of SBI Global Asset Management (J-GAAP) 1H FY2024 1H FY2025 YoY change (Unit: JPY million) (Apr. 2024 – Sept. 2024) (Apr. 2025 – Sept. 2025) (%) Revenue 5,738 Record High 7,273 +26.8 Ordinary income 1,424 Record High 1,757 +23.4 Profit attributable
Slide 26: Group Reorganization toward JPY 20 Trillion AUM
2. Asset Management Business： Thoroughly Promote Group Reorganization to Pool All Resources toward the Early Achievement of JPY 20 Trillion in AUM Asset Management Business Investment Education and Advisory Services [SBI Okasan AM] Active Investment Low-Cost Funds (Formerly Financial, Management Pri
Slide 27: SBI Group's AUM Reached JPY 12 Trillion
2. Asset Management Business： SBI Group’s AUM Reached to JPY 12 Trillion -Targeting AUM of JPY 20 trillion by the end of FY2027- （JPY billion） 13,000 JPY 12,101.4bn 12,000 SBI Okasan Asset 11,000 ← Management JPY 1,979.7bn 10,000 9,000 ← SBIHIFUMI RHEOS 8,000 JPY 1,470.1bn 7,000 6,000 5,000 SBI Glob
Slide 28: 3. PE Investment Business
3. PE Investment Business* [Major constituent companies/businesses] SBI Investment, SBI Shinsei Corporate Investment, SBI Regional Business Investment, Overseas PE investment companies [PE Investment Business Consolidated Results (IFRS)] (Unit: JPY million) 1H FY2024 1H FY2025 YoY change (Apr. 2024–
Slide 29: Distribution of XRP which Ripple Partly Holds
3. PE Investment Business Distribution of XRP which Ripple Partly Holds [Burned] (Amount burned as [Recent Initiatives by Ripple] transaction fees) Approx. 0.01bn XRP ① Stablecoin RLUSD ・Market cap surged from USD 455m as of June 30 to [XRP circulated USD 790m as of Sept. 30 in the market] (currentl
Slide 30: IPOs and M&As of the SBI Group's Investee Companies
3. PE Investment Business IPOs and M&As of the SBI Group’s Investee Companies*1 FY2024 Results FY2025 Prospects Number of IPO・ M&A deals 20 25 During the fiscal year, eight companies realized stock listings EXIT Date Investee company Market TPEx May 8, 2025 Innostar Service, Inc. (OTC market) May 14
Slide 31: Assets Under Management of the SBI Group
3. PE Investment Business Assets Under Management of the SBI Group (As of the end of Sept. 2025) （Excluding JPY 368.5bn of both cash Private equity, etc. JPY 1,014.3bn (*1) and commitment amount to be paid in) (*2) Breakdown of operating investment Balance Breakdown of operating Balance securities b
Slide 32: 4. Crypto-asset Business
4. Crypto-asset Business [Major constituent companies / business] SBI VC Trade, BITPoint Japan, B2C2, HashHub [Crypto-asset Business Consolidated Performance (IFRS)] (Unit: JPY million) 1H FY2024 1H FY2025 YoY(%) (Apr. 2024-Sept. 2024) (Apr. 2025-Sept. 2025) Revenue 30,321 33,022 +8.9 Profit before
Slide 33: Trends in Number of Customers on Crypto Asset Exchanges
4. Crypto-asset Business： Trends in the Number of Customers on the Crypto Asset Exchanges [Sum of SBI VC Trade and BITPOINT accounts] 1,790 (Thousand accounts) 1,706 1,650 Total deposit balance of SBI VC Trade 1,500 and BITPOINT is approx. JPY 880bn *As of Oct. 20, 2025 1,095 1,000 950 889 807 695 7
Slide 34: B2C2 Achieved Solid Year-on-year Revenue Growth
4. Crypto-asset Business： B2C2, a Leading UK-based Crypto Asset Market Maker, Achieved Solid Year-on-year Revenue Growth (SBI Group shareholding ratio: 90%) Trends of B2C2 Revenue and Bitcoin (BTC) Trading Volume on Major Global Crypto Asst Exchanges ■ ■ B2C2 quarterly revenues (indexed with 1.0 for
Slide 35: 5. Next Gen Business
5. Next Gen Business [Major constituent businesses] Biotechnology, Healthcare & Medical Informatics businesses and other businesses including Web3 [Next Gen Business Segment Consolidated Performance (IFRS)] (Unit: JPY million) 1H FY2024 1H FY2025 YoY change (Apr. 2024 – Sept. 2024) (Apr. 2025 – Sept
Slide 36: II. Analysis of FY2025 Consolidated Performance
II. Analysis of FY2025 Consolidated Performance [Unauthorized reproduction is prohibited] 35
Slide 37: Semiannual Changes in Consolidated Profit before Income Tax Expense
Semiannual Changes in Consolidated Profit before Income Tax Expense (Unit: JPY billion) 1H FY2024 2H FY2024 1H FY2025 Consolidated profit before income tax expense 78.9 203.4 212.1 Profit before income tax expense by Segment Financial Services Business 104.4 92.9 118.0 Asset Management Business 3.2
Slide 38: Analysis of FY2025 Consolidated Performance
Analysis of FY2025 Consolidated Performance (Unit: JPY billion) Consolidated profit before income tax expense in 1H FY2025 212.1 Gains on sales, etc., scheduled to be recorded in 2H FY2025 • Affiliate sales gains of SBI Sumishin Net Bank 141.6 • Gain on negative goodwill expected to be recognized fr
Slide 39: Vision for the 30th Anniversary (FY2028)
Vision for the 30th Anniversary (FY2028) of Our Founding <Key Indicators of The New Medium-term Vision> (Announced on May 9, 2025) (Reference.)FY2024 FY2028 (Apr. 2024 -Mar. 2025) (Apr. 2028 -Mar. 2029) Results Targets Consolidated profit before income tax 282.3bn 500.0bn expense SBI Group’s custome
Slide 40: Aggregating Overseas Customer Base toward 100 Million
Begun Aggregating Overseas Financial Service Business’ Customers Base towards a 100 Million Customer Base and the Expansion of the Overseas Business Breakdown of the Customer Base (Thousand) (as of the end of Sept. 2025) *1,2 (Thousand) 80,000 76,469 78,362 SBI SECURITIES, FOLIO, and SBI Neotrade Se
Slide 41: III. Various measures to achieve mid-term vision
III. Various measures being vigorously promoted to achieve all goals of the mid-term vision 1. In addition to further evolving the corporate ecosystem built by the SBI Group, create innovative and highly profitable services by promoting the “convergence” of ecosystems across each business sector and
Slide 42: Evolving the corporate ecosystem
1. In addition to further evolving the corporate ecosystem built by the SBI Group, create innovative and highly profitable services by promoting the “convergence” of ecosystems across each business sector and maximizing synergistic effects (1) As the Ecosystem of each the SBI Group Business “Converg
Slide 43: Creating new businesses through evolution of business ecosystems
(1) Creating new businesses through the evolution and integration of business ecosystems As the Ecosystem of each the SBI Group Business “Converge” and Create Various Chemical Reactions, the Overall Business Ecosystem will Evolve into a More Advanced Form Synergy Aseet Next Gen management ecosystem
Slide 44: Accelerating evolution of ecosystem centered on financial services
(2) Accelerating the evolution of the business ecosystem, centered on financial services ① The bank-securities collaboration between SBI Shinsei Bank and SBI SECURITIES has entered its full-scale phase ② SBI Group Mobilizing the Full Strength of the Group, Including Domestic Operating Companies, to
Slide 45: Bank-securities collaboration enters full-scale phase
① The bank-securities collaboration between SBI Shinsei Bank and SBI SECURITIES has entered its full-scale phase (i) The collaboration between SBI Shinsei Bank and SBI SECURITIES has steadily progressed, significantly contributing to the expansion of SBI Shinsei Bank's customer base (ii) SBI Shinsei
Slide 46: Referrals from SBI SECURITIES to SBI Shinsei Bank
(i) The Collaboration between SBI Shinsei Bank and SBI SECURITIES has Steadily Progressed, Significantly Contributing to the Expansion of SBI Shinsei Bank’s Customer Base The Total Number of Referrals from SBI SECURITIES to SBI Shinsei Bank （Oct. 2022 – End of Sept. 2025) （accounts） Oct. 2022 634,97
Slide 47: SBI Hyper Yokin Sweep Account
(ii) SBI Shinsei Bank Started Offering SBI Hyper Yokin Sweep Account (September 23, 2025) with SBI SECURITIES, Topping JPY 300 Billion in Deposits in Just Over a Month By just transferring funds from an SBI Shinsei Bank savings account to an SBI Hyper Yokin account, they are automatically reflecte
Slide 48: SBI Shinsei Wealth Management Joint Branch Balances
(iii) The Asset Management Product Balance at “SBI Shinsei Wealth Management”, a Joint Branch of SBI Shinsei Bank and SBI MONEYPLAZA, have Increased Steadily SBI Shinsei Bank and SBI MONEYPLAZA completed the establishment of a joint branch “SBI Shinsei Wealth Management” in all 22 Retail branches
Slide 49: Overseas operations contribution to performance
②SBI Group Mobilizing the Full Strength of the Group, Including Domestic Operating Companies, to Advance Initiatives Reached at Expanding the Contribution of Overseas Operations to Overall Performance -Targeting for Overseas Operations to Account for 30% of Consolidated Pre-Tax Profit- (i) Current S
Slide 50: Current Status of Overseas Business Expansion
(i) Current Status of Overseas Business Expansion Consolidated Subsidiaries and Equity Method Affiliates Overseas, Primarily in Southeast Asia *The ownership percentage of the SBI Group represents the total stake in Bank consolidated subsidiary companies and funds, according to IFRS standards Solari
Slide 51: Strategic Investment Targets in the Banking Sector
Strategic Investment Targets in the Banking Sector Solaris SE (Became a consolidated subsidiary in February 2025, 85.89% ownership) A leading digital bank in Europe holding banking licenses in Europe Operates a platform enabling companies wishing to provide banking functions to their customers t
Slide 52: Performance of SBI SAVINGS BANK
(ii) Performance Overview of Major Group Overseas Subsidiaries: SBI SAVINGS BANK Performance of SBI SAVINGS BANK (Profit Before Income Tax Expense ) SBI SAVINGS BANK (Equity Ratio: 90.03%*) (Unit: JPY 1H FY2024 1H FY2025 YoY million) (Apr. 2024–Sept. 2024) (Apr. 2025–Sept. 2025) change(%) IFRS 8,949
Slide 53: Changes in Indicators of SBI SAVINGS BANK
(ii) Performance Overview of Major Group Overseas Subsidiaries: SBI SAVINGS BANK Changes in Indicators of SBI SAVINGS BANK After Becoming a Subsidiary (K-GAAP) (KRW Delinquency rate 100 million) * Converted at KRW 1 = JPY 0.1 (%) for all loans Total Assets 180,000 51.6％ KRW 14,585.4bn 160,000 (Appro
Slide 54: TPBank Performance Overview
(ii) Performance Overview of Major Group Overseas Subsidiaries : TP Bank TPBank Performance Overview TPBank (20.0% ownership) Invested in the company starting in August 2009 and transitioned to an equity-method affiliate in February 2023 April 2018: Listed on the Ho Chi Minh Stock Exchange Feb
Slide 55: Performance of SBI LY HOUR BANK and SBI Bank
(ii) Performance Overview of Major Group Overseas Subsidiaries : SBI LY HOUR BANK and SBI Bank Performance Overview of SBI LY HOUR BANK and SBI Bank <Changes in profit before SBI LY HOUR BANK (100.0% ownership) income tax expense under local accounting standards> Acquired a mid-sized microfinance
Slide 56: Performance of SBI Royal Securities and SBI Thai Online Securities
(ii) Performance Overview of Major Group Overseas Subsidiaries : SBI Royal Securities and SBI Thai Online Securities Performance Overview of SBI Royal Securities and SBI Thai Online Securities <Changes in profit before SBI Royal Securities income tax expense under (65.29% ownership) local accounting
Slide 57: Performance of BNI Sekuritas and FPT Securities
(ii) Performance Overview of Major Group Overseas Subsidiaries : BNI Sekuritas and FPT Securities Performance Overview of BNI Sekuritas and FPT Securities <Changes in profit before income tax expense under BNI Sekuritas (25.0% ownership) local accounting standards> (Unit: JPY million) 500 427 Secu
Slide 58: Performance of UDC Finance and Latitude Group Holdings
(ii) Performance Overview of Major Group Overseas Subsidiaries : UDC Finance and Latitude Group Holdings Performance Overview of UDC Finance and Latitude Group Holdings [Trends of Operating Asset Balance] *Performance is calculated from January to September of each year UDC Finance Limited (100% own
Slide 59: LY HOUR SBI Insurance Performance Overview
(ii) Performance Overview of Major Group Overseas Subsidiaries : LY HOUR SBI Insurance LY HOUR SBI Insurance Performance Overview LY HOUR SBI Insurance (40% ownership) In May 2024, the SBI Group invested in LY HOUR Insurance, a non-life insurance company operated by Cambodia’s major conglomerate L
Slide 60: Overseas Operations Share of Consolidated Profit Before Tax
(iii) Overseas Operations*1 Accounted for Approximately 12.5%*2 of the SBI Group’s Consolidated Profit Before Income Tax Expense for 1H FY 2025 Profit before tax expense for the Second Quarter of the Fiscal Full-Year Target for the Fiscal Year ending March 2026 Year Ending March 2029 Kyobo Life Insu
Slide 61: Meeting of overseas base managers
(iv) Held a meeting of overseas base managers to assess the current status of overseas bases and further strengthen group collaboration spanning domestic and international operations From August 26 to 27, 2025, the SBI Group held a meeting in Tokyo bringing together 23 overseas base managers from 16
Slide 62: Strengthening Vertical Integration within each Business Field
(v) Group Companies both Domestically and Internationally are Strengthening Vertical Integration within each Business Field [SBI SECURITIES] SBI LY HOUR BANK (Thailand) (Cambodia) (Korea) (Cambodia) Mutual Cooperation Mutual Cooperation (Russia) (Vietnam) (Indonesia) (Vietnam) Collaboration Areas Wi
Slide 63: Promoting convergence of digital asset and financial ecosystems
(3) Promoting the “convergence” of the digital asset ecosystem and financial ecosystem, anticipating the advent of the token economy era ① SBI Group leverages the ecosystem to rapidly transition to the token economy ② The regulatory environment for digital assets is progressing globally ③ The SBI Gr
Slide 64: Leveraging ecosystem to transition to token economy
① SBI Group leverages the ecosystem to rapidly transition to the token economy (i) From on-line on the Web to on-chain on the blockchain (ii) SBI Group converse the digital space ecosystem and the existing financial ecosystem, enabling rapid development and provision of digital financial products an
Slide 65: From On-line on the Web to On-chain on the Blockchain
(i) From On-line on the Web to On-chain on the Blockchain A digital economic sphere, built on decentralized networks, is emerging amid the transition from Web 2.0 to Web3 and the evolution of Web3, which incorporates various concepts based on blockchain and DLT In the digital economic sphere, th
Slide 66: Converging Digital Space and Existing Financial Ecosystems
(ii) SBI Group Converse the Digital Space Ecosystem and the Existing Financial Ecosystem, Enabling Rapid Development and Provision of Digital Financial Products and Services Launched crypto asset CFD service for SBI SECURITIES’ customers at the end of Aug. 2025 Crypto Asset Securities Business Provi
Slide 67: Regulatory environment for digital assets progressing globally
② The regulatory environment for digital assets is progressing globally -Deregulation under Japan’s new administration is highly expected- (i) Progress is being made in the regulatory environment for digital assets in the U.S. (ii) Key issues in Japan’s crypto asset regulation (iii) New Prime Minist
Slide 68: Regulatory Progress for Digital Assets in the U.S.
(i) Progress is Being Made in the Regulatory Environment for Digital Assets in the U.S. -On July 18, the GENIUS Act was signed into law by President Trump- ① Establishing financial system stability and consumer protection ② Prohibition of algorithmic stablecoins ③ Strengthening the supervisory autho
Slide 69: Key Issues in Japan's Crypto Asset Regulation
(ii) Key Issues in Japan’s Crypto Asset Regulation Crypto assets are defined as “payment instruments” under the Payment Services Act, but are treated as “investment asset class” in practice Cumulative progressive tax of up to 55.95% is applied as miscellaneous income to capital gains from crypto a
Slide 70: New Prime Minister Takaichi Appoints Satsuki Katayama as Finance Minister
(iii) New Prime Minister Takaichi Has Appointed Satsuki Katayama as Minister of Finance -Expectations rise for the deregulation of crypto assets and stablecoins- [Ms. Katayama has been deeply involved in crypto-asset regulation reform as Chairperson of the LDP’s Financial Research Commission] ◇ In F
Slide 71: SBI Group's strategy for the advent of the digital economy
③ SBI Group’s strategy for the advent of the digital economy (i) Promote the Crypto-asset Business centered on Shinsei Trust & Banking, in light of the regulatory environment (ii) SBI Group seeks business expansion with two types of stablecoins: USD-Pegged and JPY-Pegged (iii) Expand involvement in
Slide 72: Crypto-asset Business Centered on Shinsei Trust & Banking
(i) Promote the Crypto-asset Business Centered on Shinsei Trust & Banking, in Light of the Regulatory Environment Under Japan’s current laws and regulations, potential issuers of stablecoins include banks (deposit-type), fund transfer service providers (fund-transfer-type), and trust banks/specified
Slide 73: Two Types of Stablecoins: USD-pegged and JPY-pegged
(ii) SBI Group Seeks Business Expansion with Two Types of Stablecoins: USD-pegged and JPY-pegged [USD-pegged stablecoin] Circle’s USDC is already approved as a stablecoin in Japan. Additionally, the company obtained a license from French authorities on July 1, 2024, making it the world’s first sta
Slide 74: Expand involvement in the crypto asset treasury business
(iii) Expand involvement in the crypto asset treasury business a. Global market environment of crypto asset treasury b. SBI VC Trade and BITPOINT provide support for trading, custody, and management to crypto asset treasury companies, etc. c. Invested in a U.S. company engaged in the XRP treasury bu
Slide 75: Global Market Environment of Crypto Asset Treasury
a. Global Market Environment of Crypto Asset Treasury What is “Crypto Asset Treasury” ? A financial strategy in which listed companies raise funds via equity or debt issuance to acquire crypto assets like BTC, seeking to significantly increase corporate value through strategic holdings of crypto a
Slide 76: Support for Crypto Asset Treasury Companies
b. SBI VC Trade and BITPOINT Provide Support for Trading, Custody, and Management to Crypto Asset Treasury Companies, etc. METAPLANET Listed on the TSE Standard Market BTC holdings: 1st in Japan, 4th in the world Lib Work Strengthening its Listed on the TSE Growth Market and the FSE Q-Board “S
Slide 77: Invested in U.S. Company Engaged in XRP Treasury Business
c. Invested in a U.S. Company Engaged in the XRP Treasury Business Executed an investment in a PIPE (Private Investment in equity) conducted by Evernorth Holdings Inc., a U.S. company scheduled to engage in the XRP treasury business, along with U.S. Ripple Inc. and others Financial reporting is
Slide 78: Trading services for RWA tokens
(iv) Accelerate preparations to provide trading services for RWA (Real World Asset) tokens such as stocks a. Establish JVs with Prominent Partner Companies b. SBI Group Becomes a Partner to Develop Applications and Services on the Arc blockchain of U.S. Circle [Unauthorized reproduction is prohibite
Slide 79: Establish JVs with Prominent Partner Companies
a. Establish JVs with Prominent Partner Companies Startale Startale is a Web3 company expanding globally, centered in Asia, with experience developing a Layer 2 blockchain jointly with major Japanese companies SBI Group has established a joint venture with Startale Group to jointly develop a tra
Slide 80: Partner on Circle's Arc Blockchain
b. SBI Group Becomes a Partner to Develop Applications and Services on the Arc blockchain of U.S. Circle U.S. Circle announced the development of “Arc,” a Layer 1 blockchain designed for finance, on Aug. 12, 2025, and launched the testnet on Oct. 28 [Features of Arc] Providing an environment where
Slide 81: SBI Neomedia ecosystem
(4) SBI Neomedia ecosystem provides new functions to various existing ecosystems, contributing to further expansion of the customer base ① SBI Group is Rapidly Building a Neomedia Ecosystem Through Capital and Business Alliances and Acquisitions ② To Fully Leverage the Capabilities of the SBI Neomed
Slide 82: Building a Neomedia Ecosystem Through Alliances and Acquisitions
① SBI Group is Rapidly Building a Neomedia Ecosystem Through Capital and Business Alliances and Acquisitions Multiple projects are underway in each area, and in order to prioritize speed, they will initially be consolidated under SBI Holdings, with plans to later transfer them to the newly establish
Slide 83: THE CORE
① SBI Group is rapidly building a new media ecosystem through capital and business alliances and acquisitions (i) SBI Group has Made THE CORE an Equity-method Associate (September 12) THE CORE 34％ THE CORE is comprised of a world-class group of specialists in Unreal Engine, CG production, and game d
Slide 84: TWIN PLANET Equity-method Associate
① SBI Group is rapidly building a new media ecosystem through capital and business alliances and acquisitions (ii) SBI Group has Made TWIN PLANET an Equity-method Associate (September 30) 37％ TWIN PLANET combines IP management and marketing functions to develop a diverse range of businesses that max
Slide 85: Securing Key IP-related Companies End-to-End
② To Fully Leverage the Capabilities of the SBI Neomedia Ecosystem, we will Comprehensively Secure Key IP-related Companies and Entities End-to-End IP Value Generating and IP Creation Enhancement Pursuing IP Revenue Creator, Entertainment Publishing companies, IP Production, Agency, Publishing produ
Slide 86: Leveraging Synergies with Financial and Digital Space Ecosystems
③ Leverage Synergies Between the SBI Neomedia Ecosystem and Existing Financial and Digital Space Ecosystems to Develop and Provide New Products and Services SBI Neomedia Ecosystem Synergy Synergy Financial Ecosystem Digital Space Ecosystem Integration of media functions Promoting the tokenization of
Slide 87: Expanding alliances for sustained high growth
III. Various measures being vigorously promoted to achieve all goals of the mid-term vision 2. Expanding alliances to build a resilient and broad business foundation that enables SBI Group’s sustained high growth -Evolution of alliance strategy incorporating regional revitalization, media strategy,
Slide 88: Further develop the Open Alliance Strategy
（1） Further develop the “Open Alliance Strategy” that SBI SECURITIES has pursued to date, to realize initiatives that extend beyond finance ① Further develop the “Open Alliance Strategy” that SBI SECURITIES has pursued to date, to realize initiatives that extend beyond finance ② Development of a fin
Slide 89: Open Alliance Strategy Partnerships with Leading Domestic Companies
Under Its “Open Alliance Strategy,” the SBI Group Has Built Partnerships With Various Leading Domestic Companies Starting in July 2025, SBI Comprehensive Capital and Business Capital and business alliance SECURITIES and auFG will begin Alliance since June 2022 Number of starting May 2025 NTT explori
Slide 90: Open Alliance Strategy beyond finance
① Further develop the “Open Alliance Strategy” that SBI SECURITIES has pursued to date, to realize initiatives that extend beyond finance (i) Further strengthening the partnership between SMBC Group’s Olive to provide comprehensive asset management support for customers of both groups (ii) Vigorousl
Slide 91: Strengthening partnership with SMBC Group's Olive
(i) Further strengthening the partnership between SMBC Group’s Olive to provide comprehensive asset management support for customers of both groups [Unauthorized reproduction is prohibited] 90
Slide 92: Collaboration with SMBC Group Expands SBI SECURITIES Accounts
The Collaboration Between SBI SECURITIES and the SMBC Group has Significantly Contributed to the Expansion of SBI SECUITIES’ Number of Accounts and Service Users Financial Intermediary Accounts with the SMBC Sumitomo Mitsui Card’s Set Accumulation Group (Sumitomo Mitsui Bank, Sumitomo Mitsui Amount
Slide 93: Joint Venture Olive Consulting Co., Ltd.
SBI Group and SMBC Group have Established a Joint Venture Company, Olive Consulting Co., Ltd., which Provides Asset Management Consulting Services Olive Consulting Co., Ltd. (Establish Aug. 2025) [SBI SECURITIES] • Manned consulting service • Financial products and services • Digital service with ad
Slide 94: Initiatives with NTT Group and KDDI Group
(ii) Vigorously advancing new initiatives in fields beyond finance alongside the two major telecommunications groups, NTT Group and KDDI Group a. Examples of initiatives with the NTT Group b. Examples of initiatives with the KDDI Group [Unauthorized reproduction is prohibited] 93
Slide 95: Alliance With NTT DOCOMO, SBI Sumishin Net Bank and au Financial Group
SBI SECURITIES Expands Its Alliance With NTT DOCOMO and SBI Sumishin Net Bank, and au Financial Group Under KDDI [SBI SECURITIES] [SBI SECURITIES] [au Financial Group] [SBI Sumishin Net Bank] NTT DOCOMO Approx. Approx. 6,890 Number of phone contracts 91.59m *1 [au Jibun Bank] thousand accounts Appro
Slide 96: Creation of Security Tokens from NTT Group Assets
a. Examples of initiatives with NTT Group Creation of Security Tokens (STs) from Assets Held by the NTT Group [Image of cooperation] Office building, shopping mall, hotel, house, etc. [SBI SECURITIES] Real Estate Creation and Data center Logistic facilities sales of STs IP Character Secondary market
Slide 97: PTS and Token Exchange Leveraging IOWN
a. Examples of initiatives with NTT Group Realize a PTS and Token Exchange Leveraging IOWN® Developed By the NTT Group What is IOWN® （Innovative Optical and Wireless Network） A next-generation communication and computing infrastructure centered on optical technology. By replacing conventional electr
Slide 98: SBI Group and NTT Group IOWN Working Group
a. Examples of initiatives with NTT Group SBI Group and NTT Group to establish an IOWN Working Group SBI and NTT establish an IOWN Working Group (WG). Members from both groups will hold regular discussions SBI Investment and NTT DOCOMO Ventures will promote startup investments and conduct some j
Slide 99: Investments in IOWN-related Venture Companies
a. Examples of initiatives with NTT Group SBI Group Actively Invests in Venture Companies That Possess Elemental Technologies and Use Cases Related to IOWN® 2025 2029 2030 IOWN 2.0 IOWN 3.0 IOWN 4.0 (Board to Board) (Chip to Chip) (Die to Die) Board Connection Devices Chip Connection Devices Die to
Slide 100: Altius ONE Digital BPO Service in Call Centers
a. Examples of initiatives with KDDI Group Utilization of the Digital BPO Service “Altius ONE” Provided by Altius Link (a Joint Venture between KDDI and Mitsui & Co.) in the Call Center Operations of SBI Group Companies (Joint venture between KDDI and Mitsui & Co.) SBI Insurance has introduced Altiu
Slide 101: Development of a financial super app
② Development of a financial super app “Comprehensive Financial Platform” to advance the “open alliance strategy” into a new phase [Unauthorized reproduction is prohibited] 100
Slide 102: SBI Neo Financial Platform
SBI Holdings and SBI Shinsei Bank have jointly established ”SBI Neo Financial Platform” 95% 5% SBI Group possesses all financial functions within its group, with the internet as main channels, including SBI SECURITIES, Japan’s largest online securities firm, and SBI Shinsei Bank, a full-service ba
Slide 103: Financial Super App Acquires Partners Beyond Business Domains
Through the Financial Super App, Group Companies can Acquire Partners Beyond Their Business Domains and Gain Access to the Customer Bases Held by Those Partners On Oct. 31, 2025, SBIHD entered into a basic agreement with Chubu Electric Power Miraiz Co., Inc. to develop new services utilizing the “Co
Slide 104: Alliances in the Asset Management Business
③ In the Asset Management Business, thoroughly pursuing alliances with powerful companies, etc., in an endeavor to provide a variety of investment products incorporating cutting-edge trends for domestic investors (i) Establishing joint ventures and other alliances with various major overseas asset m
Slide 105: Joint ventures with overseas asset management firms
(i) Establishing joint ventures and other alliances with various major overseas asset management firms [Unauthorized reproduction is prohibited] 104
Slide 106: Japan an Attractive Market with High Cash and Deposits Ratio
Japan is Considered an Attractive Market for Global Investors, With an Extremely High Ratio of Cash and Deposits in Household Financial Assets Japan has an enormous amount of household financial assets totaling JPY 2,239tn (as of June 30, 2025) Amidst rising momentum for a shift “from saving to
Slide 107: Alliances with Major Overseas Asset Management Companies
SBI Group, which has an Overwhelming Customer Base in Japan, is Expanding its Alliances with Various Major Overseas Asset Management Companies A world-class asset management A major U.K. asset management company with strengths in active company with strengths in alternative investments bond mana
Slide 108: Initiatives in alternative investment
(ii) Initiatives in alternative investment, which is a focus area for the future, are making steady progress [Unauthorized reproduction is prohibited] 107
Slide 109: Global Market for Private Assets Expected to Expand
The Global Market for Private Assets (Alternative Assets) Is Expected to Expand Significantly Market capitalization ratio of investable assets Alternatives AUM (as of the end of Oct. 2024) (USD trillion) Private assets Others (Infrastructure, Real estate, etc.) 5.0% Hedge funds （%） Private debt Priv
Slide 110: Joint Ventures to Offer Alternative Investment Products
Establish Joint Venture Companies with Leading Overseas Companies to Offer Diverse Alternative Investment Products Under the concept of “democratizing alternative investments,” seeks to offer full-fledged alternative funds—which traditionally tend to have high trust fees—at low cost ｃ Alternative as
Slide 111: SBI Alternative High-Income Select Fund
Launch of Private Credit Strategy Fund the “SBI Alternative High- Income Select Fund” (Quarterly Dividend Type). Constructed from Investment Products by Major Global Providers of Alternatives Restrictions on “Alternatives” Eliminated Liquidity: Relatively hard to buy & sell Can start or cancel m
Slide 112: SBI iShares Gold Fund Tops JPY 200 Billion
Targeting “Gold” and Other Commodities, “SBI iShares Gold Fund” (Hedged/Unhedged) Tops JPY 200 Billion in Net Assets -Inflow of Funds as Fiscal and Monetary Fears Grow at Major Countries- Inception date of June 8, 2023. Actual expense ratio (annual, tax included) including trust fees of 0.1838% is
Slide 113: SBI Next-Generation Technology Strategy Fund
“SBI Next-Generation Technology Strategy Fund” Offered by SBI Asset Management has been Progressing Steadily since Its Inception Established for Sept.17, 2025. Targets investment in innovative technology fields shaping future society, such as Web3, quantum computing, and nuclear fusion Review th
Slide 114: US Dollar Money Market Fund Surpasses JPY 70 Billion
AUM of SBI Okasan Asset Management’s “US Dollar Money Market Fund” Surpasses JPY 70 BIllion in Just 10 Months Since Inception Established on Dec. 3, 2024. SBI SECURITIES as the selling company Primarily invests in high-rated U.S. dollar-denominated short-term financial instruments to preserve pr
Slide 115: Targeting JPY 20 Trillion AUM Through Organic Growth and M&A
(iii) To Achieve SBI Group’s JPY 20 Trillion in AUM (FY2027 Target), Targeting Not Only Organic Growth but Also Growth Through M&A (JPY 100m) SBI Global Asset Management Group * Disclosure by SBI Global Asset Management SBI RHEOS HIFUMI SBI Okasan AM 200,000* 200,000 PE etc. Nov. 2022 142,000* 150,0
Slide 116: Regional revitalization strategy
(2) The evolution of SBI Group’s regional revitalization strategy through co-creation with regional economic entities ① Steadily deepening the collaborative relationship between SBI Group and regional financial institutions through the “Fourth Megabank concept” being promoted by the entire Group, wi
Slide 117: Fourth Megabank concept
① Steadily deepening the collaborative relationship between SBI Group and regional financial institutions through the “Fourth Megabank concept” being promoted by the entire Group, with SBI Shinsei Bank as the core (i) SBI Shinsei Bank has significantly increased its operational flexibility as a resu
Slide 118: Full Repayment of Public Funds by SBI Shinsei Bank
(i) SBI Shinsei Bank has Significantly Increased its Operational Flexibility as a result of Full Repayment of Public Funds On July 31, 2025, SBIHD purchased all preferred stock held by the Deposit Insurance Corporation and the Resolution and Collection Corporation at an amount equivalent to the outs
Slide 119: Accelerate the Fourth Megabank Concept
(ii) Accelerate the “Fourth Megabank Concept” by taking the relisting as an opportunity, and thoroughly advance the expansion of alliances with regional financial institutions [Unauthorized reproduction is prohibited] 118
Slide 120: SBI Holdings and The Tohoku Bank Alliance Agreement
SBI Holdings and The Tohoku Bank Conclude “Strategic Capital and Business Alliance Agreement” on August 21, 2025 -SBI Group’s Capital and Business Alliances Expand to 10 Banks- [Main Details of Alliance (Including Items for Future Consideration)] The Tohoku Bank customers to be offered a wide rang
Slide 121: Initiatives with Strategic Capital and Business Alliance Banks
Promote Initiatives with Strategic Capital and Business Alliance Banks Going Forward, with Varying Degrees of Intensity based on Factors such as Investment Ratios and the Progress of Alliances -The primary focus of the criteria is whether sufficient collaborative relationships can be established- (N
Slide 122: SBI Shinsei Bank as Platform Provider for Regional Financial Institutions
SBI Shinsei Bank’s Efforts as a Platform Provider for Regional Financial Institutions are Steadily Yielding Tangible Results (Results for 1H FY2025) [Distribution] Syndication sales reach JPY 252.2bn driven by loan receivables for corporations Sustainable finance constitutes JPY 214.7bn, and sal
Slide 123: Cloud-based Accounting System for Regional Financial Institutions
A Cloud-based Accounting System for Regional Financial Institutions Jointly Developed by SBI Group and Future Architect, Inc. has been adopted by Kiriyaka Bank and THE SENDAI BANK under Jimoto Holdings, as well as THE TOWA BANK - Starting with Fukushima Bank and The Shimane Bank, which have already
Slide 124: Partnerships with Regional Financial Institutions ①
SBI Group companies have already built partnerships with numerous regional financial institutions across various fields① (End of September 2025) SBI Group Total number of Collaborative Content Companies connections Implementing or planning partnerships with regional financial SBI SECURITIES institut
Slide 125: Partnerships with Regional Financial Institutions ②
SBI Group companies have already built partnerships with numerous regional financial institutions across various fields② SBI Group Total number of Collaborative Content Companies connections Regional financial institutions and others have entered into agreements to introduce the back-office cloud se
Slide 126: Regional Revitalization through Neo-Media Alliances
② Accelerating Regional Revitalization Strategies through Expanded Alliances in the Neo-Media Domain (i) SBI Group envisions supporting regional revitalization through information dissemination by collaborating with regional financial institutions, local newspapers, and local broadcasters (ii) Maxim
Slide 127: Information dissemination with regional institutions and media
(i) SBI Group envisions supporting regional revitalization through information dissemination by collaborating with regional financial institutions, local newspapers, and local broadcasters [Unauthorized reproduction is prohibited] 126
Slide 128: Regional Financial Institutions and Local Media Relationships
Regional Financial Institutions have Deep Relationships with Local Media Regional financial institutions and local media (local newspapers and stations) have both been economic entities rooted in the region, building deep relationships through investment, financing, and partnerships Case of Case of
Slide 129: Integrating Local Media into Regional Revitalization Strategy
SBI Group Organically Integrates Local Media as an Essential Element of Regional Revitalization Strategy Based on Alliances with Regional Financial Institutions and Local Businesses -Rapidly Expanding Regional Economic Boundaries with Power of SBI Group and Media- Middle East Southeast Asia North Am
Slide 130: Supporting Regional Revitalization Through Information Dissemination
SBI Group Envisions Supporting Regional Revitalization Through Information Dissemination by Collaborating With Regional Financial Institutions, Local Newspapers, and Local Broadcasters By integrating the SBI Group’s strengths in people, resources, and capital with the regional information and netw
Slide 131: Alliance With Brangista Inc.
SBI Group Has Entered Into a Capital and Business Alliance Agreement With Brangista Inc., Which Provides the Digital Magazine “Tabiiro” Featuring Travel and Leisure Information (September 10, 2025) Acquired 8.23% of shares of Brangista through a third-party allotment on October 1 The digital magaz
Slide 132: Event-driven regional revitalization
(ii) Maximize the utilization of the SBI Group's management resources to pursue event-driven regional revitalization [Unauthorized reproduction is prohibited] 131
Slide 133: Acquire MUSIC CIRCUS as Consolidated Subsidiary
SBI Group to Acquire MUSIC CIRCUS as a Consolidated Subsidiary (September 30, 2025) MUSIC CIRCUS Inc. operates Japan’s largest music festival, “MUSIC CIRCUS,” which draws tens of thousands of attendees annually across Japan, primarily in the Kansai region, and enjoys significant support, especiall
Slide 134: Large-scale Events Nationwide Supporting Regional Revitalization
SBI Group Plans and Hosts Large-scale Events Nationwide, Powerfully Supporting Regional Revitalization Through the Power of Entertainment -From Regional to Nation-wide, and Beyond to Global-wide- SBI MUSIC CIRCUS holds music festivals nationwide, primarily in Osaka and Fukuoka Total attendance at
Slide 135: CoinPost Web3 Information and Regional Events
Leverage the Expertise of CoinPost, Which Became a Consolidated Subsidiary (on Oct. 1, 2025), to Discover and Disseminate Web3-related Information both Domestically and Internationally, and to Organize Events in Regional Areas Through operating Japan’s largest Web3 media outlet “COINPOST,” provide
Slide 136: Expand alliances in Europe, U.S. and Middle East
(3) To expand our overseas business foundation, expand alliances in Europe, the United States, and the Middle East in addition to Southeast Asia [Unauthorized reproduction is prohibited] 135
Slide 137: Expanding Private Credit Business with Carlyle
Expanding Private Credit Business to Global Markets -Launching Full-fledged Rollout in Partnership with U.S. Carlyle- • SBI Group serves as • Features a broad platform for anchor investor investing in alternative • Offers Japanese Basic agreement assets at prominent global institutional investors as
Slide 138: Expand PE Investments in North America
Expand PE Investments Mainly in North America by Leveraging the Network of Local Partners in the U.S. SBI US Gateway Fund (Seattle, Washington, the U.S.) SNBL Group Plug and Play led by Shin Nippon the world’s largest Biomedical Laboratories accelerator / innovation platform In Sept. 2024, Co-establ
Slide 139: Partnership with Plug and Play
Strengthening the Partnership with Plug and Play, the World’s Largest Accelerator Plug and Play’s Business Activities Venture Capital Accelerator Program Open Innovation Support Connecting large Co-investing with Over 60 locations corporations with world-class VCs worldwide startups to foster
Slide 140: Investing in AI2 Incubator Fund III
Investing in a New Fund Established by the AI2 Incubator to Secure Investment Opportunities and Strengthen Presence in the North American Market An AI incubator originating from the AI research institute established by The SBI Group’s U.S. base Microsoft co-founder Paul Allen Partnership Established
Slide 141: Expanding Activities in the Middle East
Expanding Various Activities in the Middle East Region, Focusing on Investment Saudi Arabia Establishing and managing a fund specializing in investments in companies operating in Saudi Arabia with the Ministry of Investment of Saudi Arabia (MISA) and BIM Capital Alliance with the Saudi Arabian n
Slide 142: Neo-media Partnerships Centered on Saudi Arabia
The Neo-media Ecosystem Leverages Partnerships Centered on Saudi Arabia to Rapidly Expand its Game and Vtuber-related Business • The eSports and VTuber businesses, which the SBI Group has been promoting since 2020, are exceptionally compatible with the neo-media ecosystem; therefore, SBI NEO-MEDIA H
Slide 143: Alliance Expansion in Digital Assets: Global Corridor
(4) In the Digital Asset Domain, Promoting Alliance Expansion primarily through the SBI Group’s Overseas Bases toward Global Corridor Expansion What is a Global Corridor: A vision to build an environment enabling cross-border transactions for all digital assets by leveraging various digital asset-re
Slide 144: New Capital Strategy to Support Expanding Alliance Strategy
(5) New Capital Strategy to Support an Expanding Alliance Strategy To raise funds for capital and business alliances, SBI Holdings employs such common methods as issuing corporate bonds and third-party allotment of new shares Depending on the funding method, such as a third-party allotment of new sh
Slide 145: Reference materials
[Reference materials] [Unauthorized reproduction is prohibited] 144
Slide 146: 1. SBI SECURITIES
1. SBI SECURITIES [Unauthorized reproduction is prohibited] 145
Slide 147: Quarterly Revenues at SBI SECURITIES Remain Robust
1. Securities Business： Quarterly Revenues at SBI SECURITIES Have Remained Robust [Comparison of SBI SECURITIES’ Consolidated Operating Revenue (Net Sales) Breakdown] YoY （JPY million） 66,724 62,676 +13.1% 70,000 60,441 62,109 7 58,998 7 8 7 Others 60,000 6 19,196 50,000 24,079 32,143 Financial 22,0
Slide 148: Open Interest Credit Balance and Financial Revenues
1. Securities Business： Open Interest Credit Balance Recovered to the JPY 2 Trillion Level, and Financial Revenues Achieved an All-Time High [Trend of Open Interest Credit Balance (EoM)] [Trend of Financial Revenue] (JPY billion) Aug. 2024 (JPY million) Historical plunge 35,000 2,500 in the Japanese
Slide 149: Trading Revenue of SBI SECURITIES
1. Securities Business： Trading Revenue of SBI SECURITIES (consolidated) (JPY million) FX revenue 35,000 Crypto asset trading revenue Others (revenue through foreign currency bond, etc) 31,881 30,000 26,359 25,000 24,263 24,250 23,546 17,814 20,000 8,972 14,921 1,906 13,857 12,348 15,000 358 10,000
Slide 150: Investment Trust Fees Reached Record High
1. Securities Business： Investment Trust Fees Reached Record High, Driven by an Increase in Investment Trust Balance -Monthly accumulation-type fund investments of approximately JPY 260 billion contributed to this performance- [SBI Securities’ Quarterly [Investment Trust Fees] Record (JPY trillion)
Slide 151: Expanding iDeCo and Corporate-typed DC
1. Securities Business： Striving to Further Expand iDeCo and Corporate-typed DC, Which is Contracted by SBI Benefit Systems, as a Strategic Product Pension System Revisions Finalized under the Pension Reform Act Established in June 2025, as follows: • Removal of restrictions on employee contribution
Slide 152: SBI SECURITIES Leads in iDeCo Customers
1. Securities Business： SBI SECURITIES is the Industry Leader in the Cumulative Number of Individual Defined Contribution Plan (iDeCo) Customers [SBI SECURITIES’ Initiatives for Enhancing iDeCo Convenience] • iDeCo balances can now be viewed in the “My Assets” section of the securities comprehensive
Slide 153: Highest IPO Underwriting Share in the Industry
1. Securities Business： SBI SECURITIES Has Been Maintaining the Highest IPO Underwriting Share in the Industry Since FY2012 -Steady growth in POs and corporate bond underwritings- IPO Underwriting Ranking (Apr. 2025 – Sept. 2025) 19 companies were listed during Apr. 2025 to Sept. 2025 SBI SECURITIES
Slide 154: Industry-leading FX Accounts and Margin Deposits
1.Securities Business： SBI Group Boasts Industry-leading Numbers of FX Accounts and Margin Deposits Number of Accounts among Customer Margin Deposits among Five Major FX Trading Companies FX Trading Companies (Thousand （as the end of Jan. 2022 – Sept, 2025） (as the end of Jan. 2022 – Sept. 2025) （JP
Slide 155: 2. Overview of the Group
2. Overview of the Group [Unauthorized reproduction is prohibited] 154
Slide 156: Number of Companies and Employees of the SBI Group
2. Overview of the Group Number of Companies and Employees of the SBI Group (Consolidated) Number of Group Companies End of Mar. 2025 End of Sept. 2025 Consolidated subsidiaries (companies) 635 668 Consolidated partnerships (partnerships) 61 60 Total consolidated subsidiaries (companies) 696 728 Equ
Slide 157: SBI Group's Shareholders Composition
SBI Group’s Shareholders Composition (As of the end of Sept. 2025) Total number of shareholders is 251,266 , of which the number of shareholders who hold one unit or more is 171,632 *1 Shareholding ratio of domestic and foreign institutional investors is 57.5% （％） Trends of Shareholders Composit
Slide 158: https://www.sbigroup.co.jp
https://www.sbigroup.co.jp [Unauthorized reproduction is prohibited] 157