SBI Holdings Inc. Reports Strong 2025 Earnings and Expands Low‑Fee Asset‑Management Offering
SBI Holdings Inc. (SBHGF) announced its 2025 full‑year results on May 1, 2026. Total earnings rose to ¥427.577 billion, compared with ¥162.120 billion in the previous year. Earnings per share increased to ¥624.54 from ¥512.67. Revenue for the year reached ¥1.897 trillion, up 31.4 % from ¥1.444 trillion in 2024.
Financial Highlights
| Item | 2025 | 2024 |
|---|---|---|
| Net earnings (GAAP) | ¥427.577 billion | ¥162.120 billion |
| Earnings per share | ¥624.54 | ¥512.67 |
| Total revenue | ¥1.897 trillion | ¥1.444 trillion |
The results reflect a broad-based increase in revenue, driven largely by the company’s brokerage, investment‑banking and venture‑capital activities. SBI Holdings’ market capitalization remains at approximately ¥2 trillion.
New Joint Venture with State Street
On April 30, 2026, SBI Holdings and U.S. asset‑management giant State Street Investment Management announced a joint venture to launch low‑fee investment trusts in Japan. The partnership aims to offer some of the lowest management fees available in the Japanese market, leveraging SBI Holdings’ local presence and State Street’s global expertise.
Context and Outlook
SBI Holdings, founded in 2000 and listed on the Tokyo Stock Exchange, is headquartered in Minato‑ku, Tokyo. The company operates across brokerage, investment banking and venture‑capital sectors, with a particular focus on internet‑related startups. Its 52‑week price range (¥1,814–¥3,866) and price‑earnings ratio of 5.113 indicate a valuation that reflects the company’s diversified revenue streams.
The 2025 earnings increase and the new low‑fee investment‑trust venture position SBI Holdings to capture additional market share in Japan’s capital‑markets segment while maintaining a solid profitability profile.
