Sbi Holdings Incorporated · TSE:8473
Sbi — Sbi Holdings Inc Ord — Q3 2024 Earnings Presentation
110 slides from Sbi's earnings presentation, Feb 8, 2025
Slide 1: SBI Holdings, Inc. Financial Results for Nine-month Period Ended December 31, 2024
Strategic Business Innovator SBI Holdings, Inc. Financial Results for the Nine-month Period Ended December 31, 2024 (Fiscal Year Ending March 31, 2025) February 7, 2025 [Unauthorized reproduction is prohibited] 0
Slide 2: Disclaimer
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: 9M FY2024 Consolidated Performance (IFRS)
I. Nine-Months(9M) FY2024 Consolidated Performance (IFRS) [Unauthorized reproduction is prohibited] 2
Slide 4: 9M FY2024 Consolidated Performance (IFRS)
9M FY2024 Consolidated Performance (IFRS) [Year-on-year comparison] (Unit: JPY million) 9M FY2023 9M FY2024 YoY (Apr. 2023 -Dec. 2023) (Apr. 2024 -Dec. 2024) change (%) Revenue 864,719 Record high 1,013,394 +17.2 Profit before income tax 100,088 179,378 +79.2 expense Profit for the period 70,176 129
Slide 5: Comparison of Profit before Income Tax with Major Securities Groups
Comparison of Profit before Income Tax Expense with Major Securities Groups JPY(Unit: million) 9M FY2023 9M FY2024 YoY (Apr. 2023– Dec. (Apr. 2024 – Dec. change (%) 2023) 2024) SBI Holdings （IFRS） 100,088 179,378 +79.2 NOMURA HOLDINGS （US-GAAP） 181,756 374,220 +105.9 Daiwa Securities Group （J-GAAP）
Slide 6: Consolidated Performance Overview
[Consolidated Performance Overview] • Revenue increased 17.2% year-on-year to JPY 1,013.4bn, which is a record high for a 9M result, due to stable performance in Financial Services Business and Asset Management Business, as well as a large contribution from significant increase in Investment Busines
Slide 7: 9M FY2024 Performance by Segment (IFRS)
9M FY2024 Performance by Segment (IFRS) [Year-on-year comparison] Profit Before Income (Unit: JPY million) Revenue Tax Expense 9M FY2023 9M FY2024 YoY YoY 9M FY2023 9M FY2024 (Apr. 2023– (Apr. 2024– change (Apr. 2023– (Apr. 2024– change Dec. 2023) Dec. 2024) (%) Dec. 2023) Dec. 2024) (%) Financial S
Slide 8: Shareholder Benefits Implemented This Fiscal Year
Following Last Year, Shareholder Benefits will be Implemented This Fiscal Year [Details of shareholder benefits] *Shareholders listed or recorded in the shareholder register as of Mar. 31, 2025, are eligible Qualified Shareholders who have held shares For shareholders other than on the left sharehol
Slide 9: Market Value of Shareholder Benefits (XRP) Over Seven Times Acquisition Price
The Market Value of Shareholder Benefits (XRP) Relative to the Average Acquisition Price is Currently over Seven Times From the end of Mar. 2020 when the shareholder benefits, XRP distributed, a total of five distributions were made until now (In case of a value is equivalent to JPY8,000) 796XRP （
Slide 10: Business Overview of Each Business Segment
[Business Overview of Each Business Segment] [Unauthorized reproduction is prohibited] 9
Slide 11: Financial Service Business
1. Financial Service Business [Financial Service Business Consolidated Results (IFRS)] (Unit: JPY million) 9M FY2023 9M FY2024 YoY (Apr. 2023 – Dec. 2023) (Apr. 2024 – Dec. 2024) change (%) Record Revenue 782,009 high 867,624 +10.9 Profit before income tax expense 117,818 169,974 +44.3 Breakdown of
Slide 12: Financial Services Business: Banking Business
1. Financial Services Business: (1) Banking Business [Major constituent companies] SBI Shinsei Bank Group, SBI Sumishin Net Bank, SBI ARUHI, overseas banks including SBI SAVINGS BANK [Unauthorized reproduction is prohibited] 11
Slide 13: SBI Shinsei Bank 9M FY2024 Consolidated Performance
SBI Shinsei Bank 9M FY2024 Consolidated Performance [JGAAP] Note: Units are rounded down to second decimals 9M FY2023 9M FY2024 YoY (Unit: JPY billion) (Apr. 2023–Dec. 2023) (Apr. 2024–Dec. 2024) change(%) Revenue 198.6 227.4 +14 Ordinary Business Profit 75.8 102.9 +35 Net income before income taxes
Slide 14: Number of Retail-accounts and Total Deposits at SBI Shinsei Bank
SBI Shinsei Bank Number of Retail-accounts and Total Deposits at SBI Shinsei Bank Dec. 2021 (10 thousand (JPY trillion) Joined the SBI Total amount of deposits (Left) 374 accounts) Number of accounts (Right) Group 16 353 15 14 13.6 316 13 307 304 11.5 12 300 11 9.9 10 9 8 6.5 6.3 7 6 200 5 4 3 2 1 0
Slide 15: SBI Shinsei Bank's Operating Assets Balance
SBI Shinsei Bank SBI Shinsei Bank’s Operating Assets Balance (JPY trillion) Dec. 2021 13.5 14 Joined the SBI Group 2.0 Securities investment 12 11.4 10.3 0.3 Other 0.5 Overseas business 10 0.6 Showa Leasing 8.2 8.1 2.0 Structured finance 8 Institutional Business 6 4.1 Corporate sales (corporations e
Slide 16: Performance of SBI Sumishin Net Bank
SBI Sumishin Net Bank Performance of SBI Sumishin Net Bank (Equity ratio : 34.21%) (Unit: JPY million) 9M FY2023 9M FY2024 YoY (Apr. 2023–Dec. 2023) (Apr. 2024–Dec. 2024) change(%) Ordinary profit (J-GAAP) 25,097 26,725 +6.5 Share of profit of investments accounted for 3,592 4,469 +24.4 using equity
Slide 17: Accounts and Deposits at SBI Sumishin Net Bank Since Opening
SBI Sumishin Net Bank Number of Accounts and Balance of Deposits at SBI Sumishin Net Bank Since Opening (Unit: 10 thousand accounts) (JPY 100 million) 797 724 750 Deposits (Left/Consolidated) 101,852 Number of accounts (Right) 614 94,617 650 535 90,000 Note: All figures are as of the end of March 79
Slide 18: Performance of SBI SAVINGS BANK
SBI SAVINGS BANK (Korea) Performance of SBI SAVINGS BANK (Profit before Income Tax Expense ) - There are signs of halt in the downturn in performance - (Unit: JPY 9M FY2023 9M FY2024 YoY million) (Apr. 2023–Dec. 2023) (Apr. 2024–Dec. 2024) change(%) IFRS 10,104 12,637 +25.1 Although the high credi
Slide 19: Changes in Indicators of SBI SAVINGS BANK After Becoming a Subsidiary
SBI SAVINGS BANK (Korea) Changes in Indicators of SBI SAVINGS BANK After Becoming a Subsidiary (K-GAAP) (KRW 100 million) Delinquency rate (％) 180,000 for all loans Total Assets * Converted at KRW 1 = JPY 0.11 51.6％ KRW 14,028.9bn 160,000 (Approx. JPY 1,543.2bn) 50 140,000 Balance of performing loan
Slide 20: Impact of Rising Policy Rates on SBI Group's Banking Business
Reference Impact of Rising Policy Rates on SBI Group’s Banking Business [SBI Shinsei Bank（FY2024）] [SBI Sumishin Net Bank (Full-year impact)] ＋ approx. JPY 2.8bn ［Net interest income］ ＋ approx. JPY 14.0bn ［Operational side］ ［Procurement side］ ＋ JPY 14.8bn － JPY 12.0bn Assumptions for making estimate
Slide 21: 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] • SBI SECURITIES’ consolidated results (J-GAAP) for 9M FY 202
Slide 22: SBI SECURITIES 9M FY2024 Consolidated Results
SBI SECURITIES 9M FY2024 Consolidated Results (J-GAAP) [Year-on-year comparison] (JPY million) 9M FY2023 9M FY2024 YoY (%) (Apr. 2023 – Dec. 2023) (Apr. 2024 – Dec. 2024) Operating Record Revenue 151,734 high 178,426 +17.6 Net Operating Record Revenue 136,808 high 159,131 +16.3 Record Operating Inco
Slide 23: SBI SECURITIES Recovered Lost Earnings Under ZERO Revolution
SBI SECURITIES Recovered Lost Earnings of JPY 28.5bn (estimate*1) due to the “ZERO Revolution” by Diversifying its Revenue Sources [ Comparison of SBI SECURITIES’ Consolidated Operating (JPY million) Revenue (Net Sales) Breakdown ] 200,000 178,426 Others 180,000 19 （0.0％） 151,734 Financial revenues
Slide 24: SBI SECURITIES' Quarterly Revenue Steadily Expanding
SBI SECURITIES’ Quarterly Revenue is Steadily Expanding after the Start of “ZERO Revolution” (from September 2023) [ Comparison of Quarterly Consolidated Operating Revenue (net sales) ] YoY +26.3% （JPY million） 62,676 58,998 7 Others 56,751 6 60,000 6 49,643 51,664 Financial 7 19,196 revenues 50,000
Slide 25: Products and services making up for lost revenue
① The current status of products and services that have contributed to making up for lost revenue by diversifying revenue sources [Unauthorized reproduction is prohibited] 24
Slide 26: Open Interest Credit Balance and Financial Revenues
Open Interest Credit Balance Increased Year-on-Year and Financial Revenues Have also Remained Strong <Trend of Open Interest Credit <Trend of Financial (JPY billion) Balance> （JPY million） Revenue> 2,500 25,000 JPY1,921.4bn 2,000 20,000 19,196 JPY1,535.5bn 15,162 1,500 15,000 YoY 1,000 10,000 +26.6%
Slide 27: Commission Income from Foreign Stocks at Record High
Commission Income from Foreign Stocks Reached a Record High for the Quarter due to Brisk Trading, Especially in U.S. Stocks ・ Trading is increasing due to the start of the New NISA in Jan. 2024, and the ZERO Revolution Part 3, announced on Dec. 1, 2023, which waived real-time exchange fees for USD/J
Slide 28: Trading Revenue of SBI SECURITIES
Trading Revenue of SBI SECURITIES (consolidated) - Revenue from both FX trading and foreign bond sales increased - （JPY million） Others (revenue through foreign currency bond, etc) Crypto asset trading revenue FX revenue Record High 50,000 YoY 46,624 45,000 43,696 +6.7% 40,000 36,592 37,180 35,242 3
Slide 29: Record Investment Trust Balance and Fees
Achieved Record Highs in both Investment Trust Balance and Investment Trust Fees due to Multiple Effects of Increase in Customer Base through “ZERO Revolution” and Start of the New NISA <Quarterly Investment Trust Balance Comparison between SBI SECURTIES and <Investment Trust Fees> （JPY billion） Rak
Slide 30: SBI SECURITIES Leads Industry in Investment Trust Sales
SBI SECURITIES Leads the Industry in Investment Trust Sales SBI SECURITIES [Trends and Comparisons of Investment Trust Sales recorded JPY （JPY billion） by each Securities Company] 986.4bn in January 2025, as 2,000.0 1,812.0 1,866.5 a record high, 1,800.0 1,755.0 and further 1,500.0 increase is 1,600
Slide 31: Investment Trust Savings Account Settings Remain High
Investment Trust Savings Account Settings Have Remained at High Levels due to the “Savings to Investment” Trend • With the NISA limit for 2025 now available, the amount of monthly accumulation-type fund investment has steadily increased, reaching JPY260.1bn as of the end of Dec. 2024,. On an annuali
Slide 32: Highest IPO Underwriting Share in the Industry Since FY2012
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. 2024 –Dec. 2024) 66 companies were listed during Apr. to Dec. 2024 Between Apr. 2024 and Dec. 2024, Number Unde
Slide 33: One year since ZERO Revolution: customer base expanding
② A year has passed since the start of ZERO Revolution, and the trend of expanding the customer base is continuing [Unauthorized reproduction is prohibited] 32
Slide 34: Number of Securities Accounts Expanding Rapidly
SBI Group’s Number of Securities Accounts is Expanding Rapidly Since the Announcement of the “ZERO Revolution” Initiative <Number of Securities Accounts of the SBI Group and Major Face-to-face Securities Companies> (end of Mar. 2009 – end of Dec. 2024) (Thousand *CAGR is calculated from accounts) th
Slide 35: SBI Group's Share of Individual Trading Value
SBI Group’s Share of Individual Trading Value Has Significantly Increased YoY Share of Individual Stock Trading Value（%） Of which,Share of Individual Margin Trading Value（%） YoY change YoY change +7.5 pts SBI +8.4 pts SBI 56.3 59.6 （Of which, SBI （Of which, SBI Neotrade Neotrade Securities 1.8） Secu
Slide 36: SBI SECURITIES' Share of Trading Value Doubled in Five Years
SBI SECURITIES’ Share of Trading Value, the Sum of Individual and Institutional Investors, has Doubled over the Past Five Years <Quarterly Share of Brokerage Trading Value of SBI SECURITIES and the Three Major Face-to-Face Brokerage Firms> June 2019 Announced the “Neo 25.00% Securities concept” whic
Slide 37: Asset Under Custody of SBI SECURITIES Expanded
Asset Under Custody of SBI SECURITIES has Significantly Expanded Given the Rapid Growth of Customer Base Asset Under Custody of SBI SECURITIES (End of 2Q FY2023 - end of 3Q FY2024) Stocks Municipal and corporate bonds Investment trusts Others (deposits, SBI Hybrid Deposit) (JPY trillion) JPY 46.7tn
Slide 38: Growth in SBI Group's FX Trading Accounts
Increase of Customer Base by ZERO Revolution Greatly Contributing to the Expansion of SBI Group’s Number of FX Trading Accounts Number of Accounts among Customer Margin Deposits among Five Major FX Trading Related Companies FX Trading Related Companies (as the end of Dec. 2021 – Dec.2024) (Thousand
Slide 39: Financial Services Business: Insurance Business
1. Financial Services Business: (3) Insurance Business [Major constituent companies] SBI Insurance Group, SBI Insurance, SBI Life Insurance, Small-amount short-term insurance companies [Business highlights] ・ SBI Insurance Group’s consolidated ordinary income for 9M FY2024 (J-GAAP basis, preliminary
Slide 40: SBI Insurance Group's Performance (preliminary)
SBI Insurance Group’s Performance (preliminary) (Final financial result will be disclosed on February 12) Consolidated results for 9M FY2024 (J-GAAP) (Unit: JPY million) 9M FY2023 9M FY2023 YoY % (Apr. 2023 – Dec. 2023) (Apr. 2024 – Dec. 2024) change Ordinary income 78,466 87,842 +11.9 Ordinary prof
Slide 41: SBI Insurance Group's Total In-Force Contracts
SBI Insurance Group’s Total Number of In-Force Contracts CAGR 15.0% (End of Mar. 2016 to the end of Dec. 2024) Sept. 2023, SBI Pet SSI (million contracts) Sept. 2020, SBI joined the Group JOGUCHI SAFETY 3.50 June 2019, SBI SSI joined the PRISM SSI Group joined the 2.95 3.00 Sept. 2016, SBI Nihon SSI
Slide 42: 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 RHEOS HIFUMI, SBI Okasan Asset Management [Asset Management Business Consolidated Results (IFRS)] (JPY million) 9M FY2023
Slide 43: Consolidated Results of SBI Global Asset Management
Consolidated Results of SBI Global Asset Management (J-GAAP) (Unit:JPY million) 9M FY2023 9M FY2024 YoY（%） （Apr. 2023 – Dec. 2023） （Apr. 2024 – Dec. 2024） 7,576 8,652 +14.2 Record Revenue high Operating profit 1,670 Record high 1,808 +8.3 Ordinary profit 2,007 Record high 2,064 +2.8 Profit attributa
Slide 44: Results for SBI RHEOS HIFUMI and SBI Okasan Asset Management
Financial Results for SBI RHEOS HIFUMI and SBI Okasan Asset Management *1 Consolidated Results (J-GAAP) (Unit:JPY million) 9M FY2023 9M FY2024 YoY（%） （Apr. 2023 – Dec. 2023） （Apr. 2024 – Dec. 2024） 7,650 8,563 +11.9 Record Operating Revenue high Ordinary Profit 1,375 1,572 +14.3 Profit attributable
Slide 45: SBI Group's Assets Under Management Approaching JPY 11 Trillion
SBI Group’s Assets Under Management are Approaching to JPY 11 Trillion （JPY billion） -Endeavors to achieve JPY 20tn by the end of FY2027- YoY +26.2％ 10,932.9bn 11,000 SBI Okasan Asset Management SBI Okasan SBI RHEOS HIFUMI Asset 10,000 Management SBI Global Asset Management Group JPY 1,819.2bn 8,666
Slide 46: SBI Group Net Assets Rank in Top 10 in Asset Management
SBI Group’s Total Net Assets Value Rank in the Top 10 in the Overall Asset Management Industry Net Asset Value Ranking of Asset Management Companies (JPY billion) Ranking Asset Management Company Net Assets Value 1 Nomura Asset Management Co., Ltd. 64,972.7 2 Mitsubishi UFJ Asset Management Company,
Slide 47: Investment Business
3. Investment Business [Major constituent companies/businesses] Private equity business [Investment Business Consolidated Results (IFRS)] (Unit: JPY million) 9M FY2023 9M FY2024 YoY % (Apr.2023 -Dec. 2023) （Apr.2024 -Dec. 2024） change Revenue 15,907 57,933 +264.2 Profit before income tax expense -5,
Slide 48: IPOs and M&As of SBI Group's Investee Companies
IPOs and M&As of the SBI Group’s Investee Companies FY2023 FY2024 results prospects Number of IPO・ M&A deals 21 24 18 companies realized IPO and M&A in FY 2024 EXIT Date Investee company Market EXIT Date Investee company Market June 5, 2024 Astroscale Holdings Inc. TSE Growth Oct.22, 2024 HANCHEM CO
Slide 49: Ripple Labs, an SBI Group Investee in the U.S.
Ripple Labs (“Ripple”), an SBI Group’s Investee in the U.S. SBI Group holds approx. 9% share (based on actual holdings) as the largest external shareholder in Ripple, a U.S. company that develops international remittance technology, etc., utilizing the crypto asset XRP Collaboration in establish
Slide 50: XRP Circulation Status
XRP Circulation Status [Burned] (Amount burned as transaction fees) Approx. 0.01bn XRP [XRP circulated Escrow: A function in which XRP in the market] provided on XRP Ledger are Approx. 57.76bn XRP locked, and their use or Max (Market Capitalization: destruction prohibited, until approx. JPY 20tn) ce
Slide 51: Assets Under Management of the SBI Group
Assets Under Management of the SBI Group (As of the end of Dec. 2024) (*2) Private equity, etc. JPY 824.4 bn (*1) Excluding JPY 347.4 bn of both cash and commitment amount to be paid in) Breakdown of operating investment Balance Breakdown of operating Balance securities by Industry (JPY billion) inv
Slide 52: Crypto-asset Business
4. Crypto-asset Business [Major constituent companies / business] SBI VC Trade, BITPoint Japan, B2C2, crypto asset mining business, HashHub [Crypto-asset Business Consolidated Performance (IFRS)] (Unit: JPY million) 9M FY2023 9M FY2024 YoY(%) (Apr. 2023- Dec. 2023) (Apr. 2024- Dec. 2024) Record Reve
Slide 53: Quarterly Crypto-asset Revenues and Bitcoin Trading Volumes
Trend of Quarterly Revenues in the SBI Group’s Crypto-asset Business and Quarterly Bitcoin (BTC) Trading Volumes on the World’s Leading Crypto Asset Exchanges ■ ■ Quarterly revenues from the SBI Group’s Crypto-asset Business (left axis) Quarterly BTC trading volumes on the world’s leading crypto ass
Slide 54: 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) 9M FY2023 9M FY2024 YoY % change (Apr. 2023 – Dec. 2023) (Apr. 2024– Dec.
Slide 55: Moving SBI Shinsei Bank into New Growth Phase: Repayment of Public Funds
Ⅱ. To move SBI Shinsei Bank into a new phase of growth, “put an end” to the issue of repayment of public funds, which the SBI Group positions as a great cause [Unauthorized reproduction is prohibited] 54
Slide 56: SBI Shinsei Bank's Ordinary Business Profit Improved Since Joining SBI Group
SBI Shinsei Bank’s Ordinary Business Profit has Significantly Improved since Joining the SBI Group [Ordinary Business Profit by Segment] Examples of initiatives Institutional Retail Overseas business・ Business Business Securities investment・ Strengthening cooperation Other with regional financial
Slide 57: Achieved Medium-term Plan Profit Target in 9 Months
Achieved the Medium-term Management Plan (formulated May 2022) Target of JPY 70bn in Consolidated Profit for FY2024 in 9 Months Dec. 2021 ＜Trend of Consolidated Profit＞ Joined the SBI Group Targets for the whole year for (JPY billion) FY2024 in the medium-term 70 management plan : 57.9 74.6 JPY 70bn
Slide 58: First Repayment of Public Funds in Nearly 18 Years
SBI Group and Two Government-owned Companies Became the Only Shareholders of SBI Shinsei Bank as a Result of the Acquisition of Shares from Existing Shareholders On Feb. 9, 2024, a court authorization was obtained, the SBI Group to execute a purchase of the fractional shares at an amount equivalen
Slide 59: Status of Consideration of Repaying Public Funds
Status of SBI Shinsei Bank’s Consideration of Repaying Public Funds (announced January 28, 2025) SBI Shinsei Bank intends to repay JPY 100.0bn out of the current remaining JPY 330.0bn of public funds as soon as preparations are made, targeting FY2024, subject to the approval of the Japanese govern
Slide 60: Achieving Group Growth by Causing Creative Destruction
Ⅲ. To Achieve Dramatic Growth of the Group by Causing “Creative Destruction” in Various Areas - Various measures will be implemented through an approach based on Schumpeter’s “Four types of competition that are important in capitalism”- 1. New products： SBI Group endeavors to expand its customer bas
Slide 61: New products: Expanding customer base and earning power
1. New products： SBI Group endeavors to expand its customer base and further increase its earning power through the provision of innovative products and services (1) In the securities-related business, the SBI Group offer products and services that incorporate innovative methods and technologies (2)
Slide 62: Securities-related business offering innovative products and services
(1) In the securities-related business, the SBI Group offer products and services that incorporate innovative methods and technologies [Unauthorized reproduction is prohibited] 61
Slide 63: ZERO Revolution Brought Price Disruption to Securities Industry
SBI SECURITIES Brought Price Disruption to the Securities Industry with ZERO Revolution, which Started in Sept.2023 [Comparison of Brokerage Commissions (Spot trading)] *If contract price was JPY 1 million Until Oct. 1999: Currently： Online Face-to-face JPY 11,500 JPY 12,650 JPY 6,094 JPY 0 Fixed-fe
Slide 64: SBI Wrap, Fully Automated AI Discretionary Investment Service
“SBI Wrap,” a Fully Automated Discretionary Investment Service Utilizing AI to Enable High-level Investing, Even to Inexperienced Investors • SBI SECURITIES and FOLIO jointly developed “SBI Wrap” service using “4RAP,” a discretionary investment management system platform provided by FOLIO, starting
Slide 65: Launch of SBI Wrap Managed Leverage (LeveWrap)
Launched of SBI Wrap’s 3rd Round: SBI Wrap Managed Leverage “LeveNavi”/”LeveChoice” - LeveWrap features - (“LeveWrap”) • Managed by FOLIO with investment advice from Daiwa Asset Management • While investing in portfolios drawing from seven asset classes and designed for maximum investment efficiency
Slide 66: Plan to Offer New Services in CFD Area
Plan to Offer New Services in the CFD Area, Where the Number and Volume of Transactions are Growing Number of transactions of OTC Volume of transactions of OTC CFDs related to stock indexes CFDs related to stock indexes 1H FY2019 1H FY2024 1H FY2019 1H FY2024 5.38m 26.29m JPY 9,909bn JPY 58,169.6bn
Slide 67: Asset Management Business offering new financial products
(2) In the Asset Management Business, the SBI Group offers financial products utilizing new investment techniques to investors [Unauthorized reproduction is prohibited] 66
Slide 68: SBI S US High Dividend Equity Fund Topped JPY 100bn
SBI S US High Dividend Equity Fund (Quarterly Payout), Managed by SBI Asset Management and Sold Exclusively by SBI SECURITIES, Topped JPY 100.0bn in Net Asset Value in Just 20 Business Days since Founding Trend of Net Asset Value (Dec. 20, 2024 – Jan. 24, 2025) Name: SBI S US High Dividend Equity (J
Slide 69: Enhancing Lineup for Alternative Investments
Enhancing Product Lineup for Retail Investors to Meet the Rapidly Growing Demand for Alternative Investments • Launched the “SBI-Man Liquid Trend (JPY billion) Trend of Total Net Assets 20 Fund” utilizing a Trend-following 18 strategy on Aug. 16, 2024 16 • Its total net assets exceeded JPY 14 17.8 b
Slide 70: Partnerships with Leading Overseas Companies
Offering Diverse Investment Opportunities through Partnerships with Leading Overseas Companies • Albilad Capital - Albilad Capital, the largest ETF manager in Saudi Arabia, and the SBI Group, as part of a comprehensive alliance, to plan to list Japanese equity ETFs based on indexes such as TOPIX and
Slide 71: Expanding investor base through investment education
(3) SBI Group as a whole, promote the expansion of the investor base through investment education and the provision of investment information [Unauthorized reproduction is prohibited] 70
Slide 72: Financial Education for Inexperienced Investors
Opening the Door to Investment Through Financial Education for Inexperienced Investors With the acceleration of the shift “from savings to investment” and the spread of the “new NISA,” there is an increase in the need to “start investing” and to “learn how to invest and how to prepare for investing”
Slide 73: Wealth Advisor Cooperates with Asset Management Fairs
Wealth Advisor Cooperates with “Asset Management Fairs” Organized by Financial Institutions across the Country [About the Asset Management Fair ] Lecturers from companies sponsoring the fairs are invited as speakers to provide information to help individual investors in their investment activities
Slide 74: New technology: Digital space businesses leveraging blockchain, DLT and AI
2. New technology： Developing digital space-related businesses that leverage blockchain, DLT and AI technologies and capture the wave of innovation - Under the Trump administration, the SBI Group will develop various initiatives in areas where growth is expected - (1) Crypto asset exchanges, which a
Slide 75: Digital Space Ecosystem Applied in Various Fields
SBI Group has Built a Digital Space Ecosystem that can be Applied in Various Fields Service Layer Axis Market Project Platform Custody Others Maker (Issuer) Crypto Asset Handling Targets [SBI SECURITIES] Stable Coin Security Token, RWA Token NFT, etc. [Unauthorized reproduction is prohibited] 74
Slide 76: Crypto-friendly Trump Administration Initiatives
Promotion of Various Initiatives Already Announced by the Crypto Asset- and Web3-friendly Trump Administration - On January 23, 2025, President Trump signed an Executive Order titled “Strengthening American Leadership in Digital Financial Technology” - Digital asset policy updates since President Tr
Slide 77: Crypto Asset Accounts in Japan Over 10 Million
The Number of Crypto Asset Accounts in Japan has Grown to over 10 Million, Driven by the Rise in Crypto Asset Prices on a Global Scale The Number of Accounts on (Million accounts) Domestic Crypto Asset Exchanges 12 11.5 9.9 9 6.8 5.9 6 4.3 3 0 Mar. 2021 Mar. 2022 Mar. 2023 Mar. 2024 Nov. 2024 (EoM)
Slide 78: Crypto asset exchanges expanding customer base
(1) Crypto asset exchanges, which are steadily expanding their customer base, are looking to enhance and expand their services to further increase revenues [Unauthorized reproduction is prohibited] 77
Slide 79: Trends in Number of Customers on Crypto Asset Exchanges
Trends in the Number of Customers on Crypto Asset Exchanges - The pace of new account acquisition is accelerating - QoQ *Sum of SBI VC Trade and BITPOINT accounts +15.3% 1,095 (Thousand accounts) 1,000 950 889 807 800 728 695 667 613 635 600 End of Dec. 2022 – End of Dec. 2023 – 400 End of Dec. 2023
Slide 80: Staking Services Performed Well
Staking Services Provided by the SBI Group Has Performed Well Staking is the process of earning rewards by participating in generation and approval of blocks and supporting the operation of the blockchain network, which adopts a proof-of- stake mechanism, in accordance with the amount of crypto asse
Slide 81: SBI VC Trade and BITPOINT Respond to Customer Needs
SBI VC Trade and BITPOINT Respond to Various Customer Needs through Business Development that Leverages their Respective Characteristics [Expanding the number of crypto assets types handled] Promoting the expansion of crypto assets types handled to realize a lineup that is as good as other companies
Slide 82: DMM Bitcoin Accounts and Assets to Transfer to SBI VC Trade
All Accounts and Assets Under Management of Crypto Asset Trading Services Provided by DMM Bitcoin will be Transferred to SBI VC Trade All accounts and AUM will be transferred to SBI VC Trade on March 8, 2025, and DMM Bitcoin will withdraw from the crypto asset exchange business thereafter After
Slide 83: UK's B2C2 Expands Revenue amid Booming Market
(2) UK’s B2C2, one of the Largest Crypto Asset Market Makers, Expands its Revenue amid Booming Market (SBI Group ownership: 90%) Trends of B2C2 Revenue and Bitcoin (BTC) Trading Volume on Major Global and Domestic Crypto Asst Exchanges ■ ■ B2C2 quarterly revenues (indexed with 1.0 for 1Q2023) (right
Slide 84: USD-linked Stablecoin Distribution in Japan with Circle
(3) Preparations for the Distribution of USD-linked Stablecoin in Japan in Partnership with Circle in the U.S. are in the Final Phase Working closely with regulatory authorities and Circle, the issuer of USDC, to become the first company to handle USDC in Japan by the end of the fiscal year SBI
Slide 85: Build a global corridor for cross-border digital asset trading
(4) Build a “global corridor” where digital assets can be traded across borders [Unauthorized reproduction is prohibited] 84
Slide 86: European Digital Bank Solaris to Become Consolidated Subsidiary
European Digital Bank Solaris (Germany) to Become a Consolidated Subsidiary SBI Group will acquire shares of Solaris SE via subscribing to a third-party allotment of new shares of the company, scheduled to take place in February 2025 or later. SBI Group also plan to acquire shares of the company f
Slide 87: Partners from All Over the World Participate in Global Corridor
Partners from All over the World Participate in Global Corridor A group company of Boerse Stuttgart, the operator of the stock exchange in Germany, the first digital asset exchange compliant with German banking law The first digital asset bank in the world, which is granted a banking license by the
Slide 88: New markets: Creating new markets amid regulatory reforms
3. New markets： Creating new markets while keeping up with current trends, such as regulatory reforms in the industry (1) Strengthen iDeCo and company-type DC as the next priority area to contribute to the long-term asset building of citizens looking ahead to their retirement (2) Not only endeavor t
Slide 89: Strengthen iDeCo and Company-type DC
(1) Strengthen iDeCo and company-type DC as the next priority area to contribute to the long-term asset building of citizens looking ahead to their retirement In FY2025 Tax Reform (Proposals), The Liberal Democratic Party of Japan published in December 2024, including raising the total amount of con
Slide 90: NISA and iDeCo for Long-Term Asset Building
Not only NISA but also iDeCo is Effective for Long- Term Asset Building for a Comfortable Retirement （JPY Comparison of <Conditions> thousand） NISA and iDeCo ・Annual income is calculated at JPY4.6 million*1 30,000 Principal Investment and inhabitant tax at 10% Investment Income ・NISA: JPY50,000 per
Slide 91: Expanding iDeCo and Corporate DC via SBI Benefit Systems
Striving to Further Expand iDeCo amd Corporate Typed DC, which is Contracted by SBI Benefit Systems, as a Strategic Product SBI Group focused on the Individual Defined Contribution (iDeCo) pension business through SBI Benefit Systems (est. 2001), well before expectations for the market size to expan
Slide 92: SBI SECURITIES Leads Industry in iDeCo Customers
SBI SECURITIES is the Industry Leader in the Cumulative Number of Individual Defined Contribution Plan (iDeCo) Customers <Cumulative Number of Customers (subscribers & transfers*) of iDeCo by Planning Administrator> (Nov. 2017 – Dec. 2024) From December 2024, the employer's certificate （Thousand） th
Slide 93: SBI Benefit Systems and Okinawa Mutual Aid Association Collaboration
SBI Benefit Systems and Okinawa Prefecture’s Mutual Aid Association for Agricultural, Forestry, and Fisheries Organization Started Collaboration in the Defined Contribution Pension Business - Entry into defined contribution pension plan management operations by becoming the first specific retirement
Slide 94: Correcting TSE concentration and introducing PFOF
(2) Not only endeavor to correct the concentration of the TSE and make it an investor-oriented market, but also endeavor to introduce PFOF, which is ahead of its time in the U.S., to the Japanese market [Unauthorized reproduction is prohibited] 93
Slide 95: Harmful Effects Caused by TSE's Concentration
Harmful Effects Caused by TSE’s Concentration ■Issues surrounding best <Example>If brokerage firms are not execution of customer trades connected to PTSs I want to sell stocks Many brokerage firms in Japan do not A intermediate to private trading systems (PTSs), Customer so even when PTSs can execut
Slide 96: SBI Group's Measures to Compete with the Tokyo Stock Exchange
SBI Group’s Measures to Compete with the Tokyo Stock Exchange Acquisition of trading flows through Introduction of Payment for Order Flow group PTS in anticipation of PTS （PFOF） as a medium- to long-term goal deregulation PFOF refers to a brokerage firm receiving an Although trading through PTS is e
Slide 97: Proposals for Domestic Cryptocurrency ETFs
(3) Published Proposals for the Establishment of Domestic Cryptocurrency ETFs and Other Related Matters, Together with Other Companies in the Industry (Announced on October 25, 2024) While crypto assets are becoming popular as investment targets, especially among individual investors in Japan, the s
Slide 98: Developing New Markets in Art Auction with Mynavi
(4) Developing New Markets in the Art Auction Sector as Part of Business Collaboration with Mynavi (SBI Group investment ratio: 20%) -Preparing to establish a joint holding company in the art auction sector- Joint holding company :SBI Mainichi Art Holdings. Co., Ltd. (planned) A group company of Myn
Slide 99: New type of organization: Ecosystem integrating media, IT and finance
4. New type of organization：Creating an ecosystem that integrates media, IT and finance by making full use of SNS and other internet media (1) The rise of internet media such as SNS (2) SBI Group will focus on various initiatives in the media area [Unauthorized reproduction is prohibited] 98
Slide 100: The rise of internet media such as SNS
(1) The rise of internet media such as SNS ① The utilization of internet media has expanded across generations ② Candidates who used social networking strategies were elected in both US presidential election and the Hyogo prefectural gubernatorial election [Unauthorized reproduction is prohibited] 9
Slide 101: Utilization of Internet Media Expanded across Generations
① The Utilization of Internet Media has Expanded across the Generations As a whole generations, usage time of internet has surpassed television, and the share of internet usage among the elderly has increased Across all age groups, social media and video posting/sharing services are popular, whi
Slide 102: Candidates Using Social Networking Strategies Were Elected
② Candidates who Used Social Networking Strategies were Elected in both US Presidential Election and the Hyogo Prefectural Gubernatorial Election It underscored what the 2024 The Hyogo Prefectural Gubernatorial Election presidential race made clear: A new media landscape has emerged. The tradition
Slide 103: SBI Group Will Focus on Initiatives in Media Sector
(2) SBI Group will focus on various initiatives in the media sector ① Considering the establishment of a social media specialist team in order to enhance the information dissemination capability at the group level ② Endeavor to further evolve by integrating the media sector into the SBI Group ecosys
Slide 104: Considering a Social Media Specialist Team
① Considering the Establishment of a Social Media Specialist Team in order to Enhance the Information Dissemination Capability at the Group Level - While maintaining activities on social media by each group companies, endeavor to strengthen social media strategy overall the group level - A specializ
Slide 105: Integrating the Media Sector into SBI Group Ecosystem
② Endeavor to Further Evolve by Integrating the Media Sector into the SBI Group Ecosystem, which already Has Strengths in the Financial and IT sector Financial Service Business Securities Business Use of SNS Banking Insurance Business Business Synergy Synergy Cooperation with human resource- Asset N
Slide 106: Reference
[Reference] [Unauthorized reproduction is prohibited] 105
Slide 107: Number of Companies and Employees of the SBI Group
Number of Companies and Employees of the SBI Group (Consolidated) Number of Group Companies End of Mar. 2024 End of Dec. 2024 Consolidated subsidiaries (companies) 595 637 Consolidated partnerships (partnerships) 64 59 Total consolidated subsidiaries (companies) 659 696 Equity method companies (comp
Slide 108: SBI Group Has a Customer Base Exceeding 52 Million
SBI Group Has a Customer Base Exceeding 52 Million (Thousand) Breakdown of the Customer Base (as of the end of Dec. 2024) *1,2 (Thousand) 54,000 52,704 SBI SECURITIES YoY SBI Neotrade Securities (No. of accounts) 13,668 50,000 +8.8% FOLIO 48,438 SBIH InsWeb (No. of customers) 11,300 YoY +10.0% E-Loa
Slide 109: Target Share Price of SBI Holdings by Covered Brokerage Firm
Target Share Price of SBI Holdings as Calculated by Each Covered Brokerage Firm (As of Feb. 6, 2025) Target Share Price (JPY) Foreign securities firm A 5,570 Domestic securities firm B 5,000 Foreign securities firm C 4,800 Foreign securities firm D 4,600 Domestic securities firm E 4,300 Foreign secu
Slide 110: https://www.sbigroup.co.jp
https://www.sbigroup.co.jp [Unauthorized reproduction is prohibited] 109