SBI Shinsei Bank : Financial Documents Presentation (4qfy25presentation260501 e master)

Next-Gen Finance

Building and Pioneering the Future Together

FY2025 Full-Year Financial Statements

May 2026

Table of Contents Highlights

• Summary of FY2025

• Implementation of ROE Upside Strategies

• FY2025 Financial Highlights

  4

Financial Summary Medium-Term Management Plan Progress

• Financial KPIs

• Four Growth Drivers

• Non-bank Businesses

• Fourth Megabank Concept

• Next-Generation Finance

Earnings Forecast Appendix

• Balance Sheet Overview

• Operating Assets and Deposits

• Yields and Net Interest Income and Noninterest Income by Segment

• Yields and NIM (Consolidated)

• Securities Investments Breakdown of Balances and Unrealized Gains/Losses

[Notation]

• Segment Profit

  • Distribution - Institutional Businesses

    With respect to the rates of increase or decrease in profit and loss figures, when either the previous period or the current period records a negative value (excluding cases where both periods record negative values), the rate of change is indicated as "n.m." (not meaningful).

  • Performance Trends (Full-Year)

    1

    
    
    

    Next-Gen Finance

    Building and Pioneering the Future Together

    1

Highlights

*1 Since the establishment of Shinsei Bank (FY2000)

*2 Attributed to the Bank only, rates represent weighted averages applied to lending and deposit balances as of each EOM, 3

calculated based on the respective outstanding balances

Highlights

Summary of FY2025

SBI Hyper

Deposits

Successful launch of SBI Hyper Deposits

Approximately 6 months after launch, balances reached JPY1.3tn and the number of accounts surpassed 470K*1

• Customer Base: Interest rate benefits from rate hikes returned to customers, expanding the customer base, while the ratio of liquid deposits also improved

• Funding Base: Entered a phase of achieving both deposit growth and earnings improvement with SBI Hyper Deposits at the center

• Building a virtuous cycle between deposits and assets under custody: Established a structure that translates in expansion of assets under custody into deposit growth by leveraging the convenience of linked accounts with the SBI Securities

  Fourth Megabank Concept

  
  
  

  Realizing regional revitalization through collaboration with regional

  financial institutions

  Addressing common challenges facing the financial industry as a whole by promoting the sharing of non-competitive functions (such as operations and infrastructure) and complementing each other's capabilities

• Expansion of solution offerings: Co-arrangements, syndicated loan origination, securitization, business succession support, and market transactions

• Decision to adopt a Next-Generation banking system*2: Adoption of a cloud-based, fully API-enabled Next-

  Generation banking system to promote joint system use, operations, and service provision with regional banks

• Support for human capital enhancement: Accepting trainees from regional banks and providing the Bank's

  Next-Generation Finance

  
  
  

  expertise and know-how

  Entering the commercialization stage of digital currencies

  The Bank and SBI Shinsei Trust Bank play a central role in the commercialization of blockchain based digital currencies

• JPYSC: Preparing for the launch of a Japanese Yen denominated stablecoin issued by SBI Shinsei Trust Bank

• DCJPY: Conducted a proof-of-concept for DVP settlement using tokenized deposits linked to the Bank's deposits

*1 As of April 13, 2026

4

*2 An integrated platform covering a broad range of business functions, including core banking systems, information systems, sales and loan support, branch systems,

and internet banking. Already implemented at FUKUSHIMA BANK, and Shimane bank. Adoption has been announced by THE SENDAI BANK, KIRAYAKA BANK, and THE TOWA BANK (press release of the Bank dated January 30, 2026)

Highlights

Implementation of ROE Upside Strategies

• Total Revenue: 12% increase compared to the previous year, 105% compared to the full-year plan

• Income before Income Taxes: Increased by 23% compared to the previous year. Net income also increased by

  34% year-on-year, reaching 113% of the full-year plan

• Financial Base: Both operating assets and deposit balances are expanding steadily, moving smoothly toward achieving the targets of the Medium-Term Management Plan (MTMP)

  (Unit: JPY tn)

  Operating Assets

  (include Securities Investment)

  Deposit Amounts

  (Retail and institutional)

  MTMP

  Target

  20

  MTMP

  Target

  18.0

  17.3

  18

  14.3

  14.6

  11.4

  11.5

  24/3 25/3 26/3

  28/3

  Financial Base

  28/3

  24/3 25/3 26/3

  Total Revenue	Record high*1 JPY334.6bn 105% progress toward full-year plan of JPY318.4bn YoY+JPY35.9bn, +12%
  Income before Income Taxes	Record high*1 JPY122.1bn YoY+JPY22.7bn, +23%
  Net Income	Record high*1 JPY113.4bn 113% progress toward full-year plan of JPY100bn YoY+JPY28.9bn, +34%

  
  
  

  *1 Since the establishment of Shinsei Bank (FY2000) 5

  Highlights

  FY2025 Financial Highlights

  （Unit: JPY bn)

  
  
  

  FY2024 A			FY2025 B	YoY (B-A)/A
  Total Revenue Record high*1		298.7	334.6	+12%
  	Net Interest Income Noninterest Income	158.0 140.6	154.9 179.7	(2%) +28%
  Expenses		(168.4)	(177.9)	(6%)
  Ordinary Business Profits (OBP)		130.2	156.6	+20%
  Net Credit Costs		(47.0)	(38.2)	+19%
  OBP after Net Credit Costs		83.1	118.4	+42%
  Other Record high*1		17.6	3.6	(80%)
  Net Income before Income Taxes		99.4	122.1	+23%
  Income Taxes Record high*1		(15.1)	(9.1)	+40%
  Net Income attributable to owners of the parent company		84.4	113.4	+34%

  Results

  1

  2

  3

  4

  5

  6

  7

  8

  9

  JPY35.9bn increase year-on-year

  1. Total

  Revenue

  • Net Interest Income: Although decreased year-on-year, it began to increase on a quarter-on-quarter basis from the second half of FY2025

  • Noninterest Income: Increased significantly, driven by fees from Institutional Business and Structured Finance as well as Housing Loans, gains on sales of equities and other assets (including investment recoveries from Private Equity Businesses), and securitization related income (O&D)

    2. Expenses

    JPY9.5bn increase year-on-year

  • Expenses increased year-on-year due to higher system-related costs, personnel expenses, and one-time relisting-related costs

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

    4. Net Credit Costs

    JPY8.8 bn improvement year-on-year

  • By maintaining appropriate credit management, the Bank has continued to build a high-quality asset base and keep net credit costs restrained

    6. Other

  • Special gain was recorded in the prior year due to the liquidation of a subsidiary

    8. Income Taxes

    JPY6.1bn decrease year-

    on-year in expenses

    10 Dividend JPY 42 per

    share

    *1 Since the establishment of Shinsei Bank (FY2000)

    • Income taxes increased by JPY14.8bn due to an extension of the forecast period for future taxable income, reflecting recent earnings performance

      6

      1

Next-Gen Finance

Building and Pioneering the Future Together

Financial Summary

• O&D

• Expenses and Expense-to-Revenue Ratio

• Net Credit Costs

• Total Capital

• Segment Profit

Financial Summary

Net Interest Income（Quarterly）

（Unti：JPY bn）

Interest income

Funding cost

79.9

86.6

97.1

102.5

(49.0)

(53.0)

(54.1)

(55.0)

Increase in policy rates

1Q 2Q 3Q 4Q

(4-6月）

（7-9月 ）

（10-12月 ）

（1-3月 ）

(Apr.-Jun.) (Jul.-Sep.) (Oct.-Dec.) (Jan.-Mar.)

25/1Q 25/2Q 25/3Q 25/4Q

8

Strengthening Profitability ～ Interest Rate Spread*

（Unit：％）

Financial Summary

Interest Rate Spread Trend

Following launch of SBI Hyper Deposits, the effects of interest rate hikes have become visible

25/9

25/6

25/3

Pass on benefits of policy rate increase

to customers

Loan interest rate

Deposit interest rate

Interest rate spread

1.30

1.17

1.07

1.02

1.05

0.90

0.55％

0.75

0.63

0.63

0.63

0.57

Increase in policy

Increase in policy rates

0.33

24/12

25/12 26/3

* Attributed to the Bank only, rates represent weighted averages applied to lending and deposit balances 9

as of each EOM, calculated based on the respective outstanding balances.

• While Institutional deposit rates increased in line with the market, retail deposit rates*2 remained low

  Interest Rate Trend on JPY deposits

  Liquidity Ratio Trend of JPY Deposits for Individuals

  Institutional deposit rate Individual deposit rate
  
  

  For Individual deposits, the proportion of low-yield liquid deposits increased, supported by contributions from SBI Hyper Deposits

  1.15

  Policy rate increase

  Policy rate increase

  Liquidity deposit
  
  Time deposit
  
  Liquidity deposit rate
  
  

  64%

  6.7

  7.4

  54%

  49%

  48%

  
  
  

  57%

  0.95

  0.75

  7.7 8.1 7.8

  Institutional deposit rate rose with market rate

  0.93

  0.64

  0.69

  0.68

  0.72

  0.53

  0.58

  0.59

  0.34

  0.54

  0.49

  0.32

  While individual deposits expanded driven by the growth of SBI Hyper Deposits, interest rates were kept at a moderate level

  
  
  

  3.6		3.6		3.7		4.6		5.0
  25/3		25/6		25/9		25/12		26/3

  0.55

  0.35

  Interest rate levels for individual JPY deposits	Ordinary Deposit	SBI Hyper Deposits	Time Deposit (6 months)
  Top-notch advantageous stage	0.4％	0.5％	1.0％
  Other than the above	0.3％	0.5％	0.8％

  0.15

  24/12 25/3 25/6 25/9 25/12 26/3

  *1 Attributed to the Bank only, rates represent weighted averages applied to lending and deposit balances as of each EOM, calculated based on the respective outstanding balances

  *2 Individual deposit rates exclude the promotional rates for SBI Hyper Deposits

  10

  Financial Summary

  Strengthening Profitability ~ Interest Rate on JPY Deposits*1

  （Unit：JPY bn, ％）

  2

Financial Summary

Strengthening Profitability ~ Interest Rate on JPY Denominated Lending*

（Unti：JPY bn）

• Corporate loan rates increased to 1.42%, reflecting the rise in policy rates

• Housing loan rates are expected to increase following the rate revision in May 2026

  Balance by interest-rate type

  (as of end of March 2026 )

  
  
  

  0.90

  Institutional (Floating)

  4.1

  （Unit：％）

  1.06

  1.11

  Instirutional (Fixed) 3.4

  Hedge ratio 42% through

  rate

  Fixed

  0.90

  0.91

  Housing loan

  （Floating）

  1.7

  Fixed

  rate

  Housing loan

  （Fixed）

  Institutional loan rates rose in line with market rates

  1.42

  Interest Rate Trend on JPY loans

  Housing loan

  0.93

  0.5

  interest rate

  JPY2.5tn swap

  Floating rate JPY7.2tn

  0.86

  0.82

  0.88

  Base interest rates for housing loans were raised in May

  Floating

  rate

  75％

  Institutional loan

  1.08

  25/3

  25/6

  25/9

  25/12 26/3

  26/6

  24/12

  1.24

  
  
  

  Increase in policy rates

  Increase in policy rates

  1.50

  1.30

  1.10

  0.90

  0.70

  * バンキング業務資産（単体)、月末時点における貸出/預金残高に適用されている金利を、残高に応じて加重平均した数値 ）

  * Attributed to the Bank only, rates represent weighted averages applied to lending and deposit balances as of each EOM, calculated based on the

  ＋JPY16.0bn

  Assumptions for the Analysis

  • Policy interest rates increased by 0.25% (from 0.75% to 1.0%)

  • Asset and liability composition remains unchanged from the end of March 2026

  • Pass-through rates are assumed to be 40% for deposits and

  100% for other products

Impact on revenue from rising JPY interest rates (1 year estimate)

11

respective outstanding balances

• Noninterest income grew strongly, driven by the expansion of revenue opportunities from a diverse business portfolio and synergies with the SBI Group

  • Income from leasing and installment receivables, along with fee income from Institutional business and non-bank businesses, remained stable revenue sources

  • Fee income from housing loans and securitization (Non-bank O&D) contributed to profit growth

  • The diversification of revenue opportunities through capital gains* and inorganic initiatives (including NEC Capital Solutions) continued to contribute to earnings growth

    • Stable earnings and organic growth ◼ Diversification of revenue opportunities

179.7

Capitail gain

Inorganic etc.

1.7

25.0

Securitization

（Non-bank O&D) 14.1

14.1

14.7

Fees

Fees (Housing loan) 14.7

21.1

14.9

7.9

Income from leasing and installments 80.0

（Institutional O&D）

Money trust

management 7.9

14.9

Transfer of receivables through securitization of Bank and non-bank subsidiary assets

Significant y-o-y increase (+9.3), driven by growth in new housing loan originations

80.0

Income from lease assets and installment receivables at non-bank subsidiaries (APLUS, Showa Leasing, and UDC)

1.7

25.0

(APLUS, etc.) 21.1

Fees

*Capital gains from private equity investments and equity sales in securities operations 12

Financial Summary

Noninterest Income

（Unit：JPY bn）

Financial Summary

O&D（Origination & Distribution）

（Unit: JPY bn)

Amounts of Origination*

Amounts of Distribution

• Banking Assets: Integrated sales efforts between Corporate Business and Structured Finance advanced, leading to the origination of large-scale projects including grid-scale batteries, data centers, and vessels

• Banking Assets: Distribution of Structured Finance and Corporate loans performed well

• Non-Banking Assets: Implementing distributions by several subsidiaries

3,869

4,796

Housing

Loans

Corporate Business Structured Finance

Origination

948

866

2,552

556

FY2023 FY2024 FY2025

• Banking Asset

• Non-Banking Assets

FY2023 FY2024 FY2025

*Breakdown of origination amounts

• Banking Assets: New originations from institutional loans (Loan tenor of 1 year or longer) and housing loans

• Non-Banking Assets: New acceptances at Showa Leasing, new shopping credit transaction volume at APLUS, new loan originations at Shinsei Financial, 13

  and new owner loan originations at SBI Shinsei Asset Finance

  2

Personnel Expenses, Property Expenses,

and Expense-to-Revenue Ratio

Improved Profitability

through Operational Efficiency

Expense-

to-Revenue

Ratio

61.9%

• Personnel Expenses

  • Property Expenses

    
    
    Total Revenue Expenses
    
    

    334.6

    165.7 168.4 177.9

    267.9

    298.7

    Expansion of Operating Leverage

    67.9

    97.8

    64.7

    103.7

    67.6

    110.3

    165.7 168.4 177.9

    FY2023 FY2024 FY2025

    FY2023 FY2024 FY2025

    Total Revenue /employee

    47.4

    52.5

    57.4

    （Unit：JPY mn)

    14

    Financial Summary

    Expenses and Expense-to-Revenue Ratio

    （Unit：JPY bn, ％）

    2

Financial Summary

Net Credit Costs

Trend of Net Credit Costs

Net Credit Costs by Business Segments

Net Provision of Specific Reserve for Loan Losses

Net Provision of General Reserve for Loan Losses

Others (including Rocoveries of Written-off Claims)

47.0

27.0

27.1

38.2

21.8

22.1

47.0

1.3

38.2

Others

0.9

2.0

1.8

Securities Investment

Overseas Business

APLUS

Shinsei Financial

Retail Banking

Showa Leasing

Structured Finance

FY2024 FY2025

* NPL ratio on a consolidated basis, including non-bank subsidiaries

FY2024 FY2025

Corporate Business

15

Financial Summary

Total Capital (Domestic Standards)

• Capital adequacy ratio was 9.68%

• Despite of increasing of risk assets, financial soundness was ensured because of the

  accumulation of profits and capital associated with relisting

• By accumulating capital efficient assets, 'RWA density' decreases even further

  （Unit：JPY bn）

  Preliminary figure

  
  
  

  9.85% 9.33% 9.68%

  10,693

  8,796

  9,462

  867.1

  883.1

  1,035.3

  Risk Assets

  Total Capital

  Capital Adequacy
  
  

  Ratio

  RORA (Interest Rate before Tax Adjustments)		0.72%	0.96%	Preliminary figure 1.23%
  RWA density (Risk assets ÷ Operating Assets)		77%	66%	59%
  (Reference)	CET１Ratio	9.69%	8.68%	9.54%

  24/3 25/3 26/3

  
  
  

  16

  2

Financial Summary

Segment Profit: Institutional Business

（Unit：JPY bn）

• Net Interest Income increased, primarily driven by growth in corpore business and Structured Finance

• Noninterest Income rose significantly due to factors such as the realization of PE investment returns and an increase in loan-related fees from Corporate Business and Structured Finance

  		Institutional Business
  FY2024			FY2025 B	YoY (B-A)/A
  		A
  Total Revenue		91.9	120.0	+31%
  	Net interest income	46.0	48.7	+6%
  	Noninterest income	45.8	71.2	+55%
  Expenses		(51.1)	(49.2)	+4%
  Ordinary Business Profits (OBP)		40.8	70.7	+73%
  Net Credit Costs		(13.0)	(4.5)	+65%
  OBP after Net Credit Costs		27.7	66.1	+139%

• Net Credit Costs improved substantially year-on-year, reflecting the accumulation of high-quality assets

  Total Revenue Trend

  21.0

91.9

120.0

19.9

26.6

25.5

27.1

25.3

32.5

1

2

3

4

5

Institutional Business segment comprises of Corporate Business, Structured Finance, Showa Leasing, Principal Transactions, and Financial Markets

4Q

3Q

2Q

1Q

FY2024 FY2025

17

Financial Summary

Segment Profit: Individual Business

（Unit：JPY bn）

• Net Interest Income declined mainly due to higher funding costs at APLUS, despite increased income from housing loans, while installment income (noninterest income) etc. increased significantly, resulting in an increase in effective income overall

• Noninterest Income Increased significantly, reflecting higher housing loan fees and securitization-related

  income (O&D) at non-bank subsidiaries

• Expenses increased due to higher advertising expenses related to deposit acquisition initiatives, as well as investments to strengthen IT infrastructure at non-bank subsidiaries

  Total Revenue Trend

  40.0

167.2

190.3

40.6

49.0

44.6

47.5

41.9

49.6

1

4Q

3Q

2

3

2Q

4

1Q

5

Individual Business consists of Retail Banking, Shinsei Financial, APLUS, and other individual segments

FY2024 FY2025 18

Financial Summary

Segment Profit: Securities Investment

（Unit：JPY bn）

• Profits increased mainly driven by dividend income from privately placed investment trusts and interest income from the accumulation of CLO and RMBS balances

• Stable earnings were achieved despite significant market volatility

Total Revenue Trend

15.0

10.8

3.3

2.3

5.6

3.8

6.5

2.7

4Q

1

3Q

2

3

2Q

4

5

1Q

FY2024 FY2025 19

Financial Summary

Segment Profit: Main Sub-segment

（Unit：JPY bn）

Institutional Business

1. Total Revenue

   Net Interest Income Noninterest Income

2. Expenses

3. Ordinary Business Profits (OBP)

4. Net Credit Costs

   Retail Banking
   FY2024 A	FY2025 B	YoY (B-A)/A
   28.8	39.1	+36%
   22.0	23.9	+9%
   6.7	15.1	+125%
   (22.8)	(26.2)	(15%)
   6.0	12.8	+113%
   (0.1)	(0.3)	(200%)
   5.9	12.5	+112%

   APLUS
   FY2024 A	FY2025 B	YoY (B-A)/A
   69.0	76.2	+10%
   3.3	(2.3)	n.m.
   65.7	78.6	+20%
   (44.7)	(46.6)	(4%)
   24.2	29.5	+22%
   (17.0)	(17.0)	+0%
   7.2	12.4	+72%

   Shinsei Financial
   FY2024 A	FY2025 B	YoY (B-A)/A
   61.3	64.0	+4%
   61.4	61.4	+0%
   (0.0)	2.5	n.m.
   (36.2)	(37.6)	(4%)
   25.0	26.3	+5%
   (13.4)	(14.6)	(9%)
   11.6	11.6	+0%

5. OBP after Net Credit Costs

Individual Business

1. Total Revenue

   Net Interest Income Noninterest Income

2. Expenses

3. Ordinary Business Profits (OBP)

4. Net Credit Costs

OBP after Net Credit

5 Costs

20

Next-Gen Finance

Building and Pioneering the Future Together

Medium-Term Management Plan Progress

• Financial KPIs

• Four Growth Drivers

• Non-bank Business

• Fourth Megabank Concept

• Next-Generation Finance

Medium-Term Management Plan Progress

Financial KPIs～ Progress remains on track

Key assumptions for the calculation of target values

For fiscal year 2027, the Bank of Japan's policy rate is assumed to be 0.75% (compared with 0.50% in fiscal year 2025), and the yield on 10-year Japanese government bonds is assumed to be 1.50%. Real GDP growth in Japan is assumed to remain positive in each fiscal year through 2027. Please also refer to the disclaimer on the final page.

*1 The FY2024 result for income before income taxes of JPY87.7 billion excludes a large one-off gain on negative goodwill of JPY11.7 billion

*2 Includes loan assets, leasing, installment receivables, guarantees, securities investment, and other related exposures

*3 Preliminary figures as of May 1, 2026

22

Corporate Business/ Structured Finance

• A three-pronged sales strategy combining Corporate Business, Structured Finance, and Financial Institution

• Strengthening O&D

Achieved

⚫

⚫

⚫

Retail banking

Multi-channel deployment across online and physical channels

Seamless collaboration with the SBI Group

Expansion of SBI Hyper Deposits

Medium-Term Management Plan Progress

Expansion in Four Growth Driving Businesses

CorporateBusiness

/Structured Finance Balance of Operating Assets

Balance of Securities Investment

Origination Amounts of Housing Loans

Balance of Retail Deposits

The MTMP

JPY８tn

The MTMP

JPY 4tn

The MTMP

JPY 1tn

The MTMP

Targets（FY2027）

Targets（FY2027）

Targets（FY2027）

Targets（FY2027） JPY 10tn

25/3 26/3

25/3 26/3

FY2024 FY2025

25/3 26/3

*1 RORA for the overall Retail Banking business 23

*2 Preliminary figures as of May 1, 2026

• Since joining the SBI Group in December 2021, the customer base has expanded steadily

  Record high

• As of the end of March 2026, the number of accounts reached approximately 4.33 million, marking a record high. This growth was driven by further enhanced collaboration with SBI Securities following the launch of SBI Hyper Deposits, as well as UI improvements

  implemented at the time of simultaneous bank and securities Performance openings

  4.7

  3,876

  3,532

  3,049

  3,160

  In 3 years

  1,170K. accts

  +appx. JPY2.8tn

  7.1

  8.1

  5.3

  5.9

  
  
  

  4,336（K accts）

  リテール口座数 （右軸）

  リテール預 金

  Retail Deposits

  Retail Accounts

  
  
  

  FY2021 FY2022 FY2023 FY2024 FY2025

  24

  Medium-Term Management Plan Progress

  Expansion of Customer Base ~ No. of Accts/Deposits in Retail Business

  （Unit：JPY tn）

  3

• SBI Hyper Deposits expanded to approximately JPY1.3tn within six months of launch (as of April 13,2026).

  From April 2026 onward, both balances and the number of accounts continued to trend steadily, maintaining a high level of stickiness

• Average balance per accounts for SBI Hyper Deposits stood at JPY4mn＊

• Approximately 65% of SBI Hyper Deposits balances as of the end of March 2026 were attributable to inflows of new funds

  （K accts）

  SBIハイパー預 金残高

  SBIハイパー預 金口座

  SBI Hyper Deposits

  SBI Hyper Deposits Accounts

  400

  354

  270

  161

  114

  1.13

  1.23

  1.29

  1.37

  47

  0.13

  25/9

  0.87

  0.32

  0.46

  25/10

  25/11

  25/12

  26/1

  26/2

  26/3

  April 13,

  2026

  
  
  

  460 473

  4/13

  * Calculation formula： Sum of [JPY ordinary deposits balance of the customers who have SBI Hyper Deposits] and [SBI Hyper Deposits balance of the customers]

  Number Accounts of SBI Hyper Deposits 25

  Medium-Term Management Plan Progress

  Expansion of Customer Base ~ SBI Hyper Deposits

  （Unit：JPY tn）

  3

Medium-Term Management Plan Progress

Corporate Business/Structured Finance

（Unit：JPY tn）

• Operating assets in Corporate Banking increased by approximately 1.7 times compared with the end of March 2024

• Structured Finance aims to accelerate growth by capturing new funding demand, including regional

  infrastructure projects

  Balance of Operating Assets

  Business Topics

  8.0

  • Executed numerous large-scale transactions for high credit-quality clients

    6.7

    2.3

    5.3

    2.1

    1.9

    5.7

    4.6

    3.4

    Corporate

    Business

  • Operating assets increased by JPY1.1tn

year-on-year

Structured

Finance

Corporate Business

Structured Finance

For the First Time

• Arranged a project finance facility for a grid-scale battery business focused on electricity sales model in March 2026

• Strengthening sourcing for new regional funding demand

  Energy Infrastructure Stadium PJ

  Data Center

  Grid-scale

  Battery

  その他

  Others

  
  
  

  24/3 25/3 26/3

  SBI

  collaboration

  （Cumulative)

304 Transactions Total JPY 791.4bn

（Loans:294trans, Investments:9trans, Securitization:1trans）

Cumulative since Q4 FY2021 26

Medium-Term Management Plan Progress

Housing Loans

（Unit: JPY bn）

Medium-Term Management Plan Progress

Securities Investments

（Unit: JPY bn）

"365 Days Interest-Free" performed strongly

• New service launched in March 2025 has been well received, leading to a significant increase in the number of new customers

• Operating assets increased by

7.4% to JPY539.6bn

Lake: No. of new

customers

（K accts）

214.2

159.3

FY2024

FY2025

Progress in collaboration with SBI

• Initiatives including credit card payments for investment trust and a pilot program for in-store payments using stablecoins (scheduled for May)

Medium-Term Management Plan Progress

Non-bank Businesses

Expansion of the fund business

• Diversification is progressing into areas such as ZEH, green buildings, and hotels

• Relationships with 63 out of 80 regional bank-affiliated leasing companies

Funds raised

49.0

67.9

（JPY bn)

FY2024

FY2025

Record high performance

• Both new origination volume and the number of transactions reached all-time highs

（JPY bn）

New origination

92.9

31.1

FY2024

FY2025

29

Strong Network

with Regional Financial Institutions (FIs)

Specific Initiatives

• Completed a live issuance pilot for Delivery-versus-Payment (DVP*) settlement of Security Tokens (STs) using the tokenized deposit "DCJPY"

  (*) DVP refers to a settlement mechanism in which the delivery of securities and the payment of funds are executed simultaneously

• The pilot was conducted in collaboration with SBI Securities, Daiwa Securities, BOOSTRY, Osaka Digital Exchange, and DeCurret DCP, in addition to the bank

  
  
  

  JPYSC

  
  
  

  〈Topics〉

  • The Bank has decided to transfer a portion (49%) of the shares of Shinsei Trust Bank to SBI Holdings

  • Shinsei Trust Bank changed its trade name to "SBI Shinsei Trust Bank" effective April 1, 2026

31

Medium-Term Management Plan Progress

Next-Generation Finance

Next-Gen Finance

Building and Pioneering the Future Together

Earnings Forecast

• Plan Income before Income Taxes for FY2026 : JPY132.0bn

  • Plan to achieve the MTMP's profitability KPI for FY2027 Income before Income Taxes of

    approximately JPY131.5bn, one year ahead of schedule

• Forecast Dividend for FY2026 : JPY42 per share

  Plan to achieve one year ahead

  132.0

  Final year of the MTMP

  profit target

  Approx.

  131.5

  122.1

  99.4

  FY2024

  Income before income taxes (Actual)

  FY2025

  Income before income taxes (Actual)

  FY2026

  Income before income taxes (Plan)

  FY2027

  Income before income taxes (Target)

  
  
  

  • Aim to increase the dividend per share in line with the level of net income

    140

    130

    120

    110

    100

    90

    80

    FY26計画

    FY25実績

    FY24実績

    FY27目標

    70

    33

    Earnings Forecast

    MTMP Profit Targets to Be Achieved 1-Year Early

    （Unit：JPY bn）

    4

Earnings Forecast

FY2026 Income before Income Taxes Plan

（Unit：JPY bn）

• Plan to increase in revenue and gains as well as income before income taxes in FY2026, following FY2025

• Earnings power and profit-generation capabilities, driven by growth drivers and synergies,

  are steadily improving

  FY2024

  Actual

  FY2025

  Actual

  Plan

  1

  2

  363.3 188.6

  338.2 177.9

  314.8 168.4

  38.2

  3

  42.7

  47.0

  4

  132.0

  99.4

  122.1

  
  
  

  FY2026

  Growth in balances and improved interest margins

  1

  Revenue &

  Gains*1

• Expansion of growth drivers and contribution to earnings. Non-bank businesses also remain solid

• Expected impact of policy rate

• Expansion of the securities investment portfolio

• Profits from capital gains and inorganic transactions, etc.

  2

  Expenses

  
  
  

  Expansion of operating leverage

  • Increased investment costs associated with business

    expansion, IT infrastructure, and human capital

  • Expense ratio to be declined

3

Net Credit

Costs

Accumulating high quality assets

• Increase in general loan loss provisions resulting from

  balance growth

  4 Income before

  Income Taxes

  
  
  

  Early achievement of the MTMP target

  • Early achievement of the final-year (FY2027) target of the MTMP; income before income taxes of approximately JPY131.5bn

34

*1 Sum of "Total Revenue" and "Other Gains/Losses"

Earnings Forecast

Roadmap for Improving ROE

• Since joining the SBI Group, ROE has improved steadily driven by significant growth

• Achieved 10% ROE in FY2025

• Aim to further improve ROE over the medium to long term

ROE

（Unit：JPY bn）

Net Income

10.4%

8.8%

6.0%

4.5%

113.4

84.4

42.7

57.9

1

Leverage financial

Expansion of interest income

• Expansion of SBI Hyper Deposits

  Expansion of Noninterest

  income

  23/3 24/3 25/3 26/3

  Calculation formula (same as TSE definition):

  capabilities within the SBI Group's corporate ecosystem

  2

  Pursuit of capital efficiency

• Expansion of the O&D model

• Realization of Fourth Megabank Concept

• Monetization of Next-Generation financial businesses

  Effective utilization of capital to drive growth

• Inorganic investments

• Building a highly profitable business portfolio

  Expansion of operating leverage

• Review of fixed costs (branches and

  systems)

• Improving productivity and efficiency through AI

  Net income attributable to owners of the parent

  {(Total net assets at the beginning of the period-Stock acquisition rights at the beginning of the period-Noncontrolling interests at the beginning of the period) 35

  + (Total net assets at the end of the period-Stock acquisition rights at the end of the period-Noncontrolling interests at the end of the period)}/2

  4

Next-Gen Finance

Building and Pioneering the Future Together

Appendix

Appendix

Balance Sheet Overview

（Unit：JPY bn）

increase (+JPY0.1tn)

37

Appendix

Operating Assets and Deposits

（Unit：JPY tn）

Operating Assets*1

Deposits and certificates of deposit

18.0

0.5

0.6

0.5

14.3

0.5

0.6

0.5

1.8

0.1

2.0

1.8

0.4

• Overseas Business

• Showa Leasing

• Shinsei Financial

• APLUS etc. *2

JPY3.8tn

• Other

11.4

0.4

0.6

0.4

1.6

0.3

1.2

1.2

3.4

• Securities Investment

2.3

• Retail Banking (Housing loans, etc.)

1.6

2.3

• Structured Finance

2.1

JPY14.1tn

1.9

4.6

5.7

3.4

• Corporate Business

17.3

14.6

11.5

9.1

7.5

5.5

5.9

7.1

8.1

Non-bank

Institutional deposit

Bank

Individual deposit

24/3 25/3 26/3

*1 Operating assets include guarantee (payment acceptance indemnity)

and securities investments that do not require funding

*2 Including leasing and installment receivables

24/3 25/3 26/3

38

Appendix

Net Interest Income by Segment

（Unit：JPY bn）

リテー ル

新生フィナン シャル等

海外事 業

証券投 資

3.7

24.0

16.7

22.0

68.1

10.3

23.9

17.6

28.3

1.7

61.5

18.8

2.7

Securities Investment

Overseas Business

Shinsei Financial etc.

Individual Business

158.0 154.9

法人

ストラクチャードフ ァイナンス

その他（本部 勘定含む）

Structured Finance

Institutional Business

Others (including HQ Performances)

FY2024 FY2025 39