SBI Group
![]() | This article has multiple issues.Please helpimprove itor discuss these issues on thetalk page.(Learn how and when to remove these template messages)
|
![]() | |
![]() | |
Company type | public company |
---|---|
TYO:8473 | |
Industry | Financial Services |
Founded | 1999 as SoftBank Investment Co., Ltd.(became fully independent from Softbank in 2006) |
Headquarters | , |
Key people | Yoshitaka Kitao[1] (chairman,PresidentandCEO) |
Services | Asset Management | Financial Services | |
Revenue | 1,210,504 million yen (fiscal year ending March 2024) |
Consolidated: 113,616 million yen (fiscal year ending March 2024) | |
Number of employees | Consolidated: 18756 (as of March 31, 2023) |
Subsidiaries | see group companies |
Website | http:// sbigroup.co.jp |
SBI Holdings,sometimes referred to asStrategic Business Innovator Group,(TYO:8473) is afinancial servicescompany group based inTokyo,Japan.[2]The group's businesses and companies are held primarily atSBI Holdings.
Some of the most prominent subsidiaries are SBI Securities,SBI Shinsei Bankand SBI Investments.
The company provides financial services in a wide range of categories, including securities, asset management, banking and insurance and has formed an Internet-based financial conglomerate. The group also has abiotechnology-related business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates the business schoolSBI Graduate School.SBI is listed on the first section of theTokyo Stock ExchangeandOsaka Securities Exchange.[3]
In 2022, the company entered into a comprehensive capital and business alliance with Sumitomo Mitsui Financial Group (SMFG) (commonly known as the "SMBC-SBI Alliance" ), and received investment from SMFG.
Overview
[edit]Founded in 1999, the company was initially part of the Softbank group. The company was listed on the Osaka Stock exchange in December 2000 and subsequently on the Tokyo Stock Exchange in 2002. The SBI Group became completely independent from Softbank in 2006. The Financial Services Business is based on an Internet-based financial ecosystem, and undertakes a broad range of financial services, including securities, banking and insurance. At the Asset Management Business, the group conducts investments into and incubation of startup companies, and through the biotechnology-related business, it undertakes the R&D and manufacturing of pharmaceuticals, health foods and other products. The company stated in its 2020 annual report that it would pursue business growth by actively promoting the Open Alliance initiative. This involves developing win-win relationships with companies that have advanced technologies in areas such as fintech, AI, blockchain, and quantum computing, along with companies in different industries. The company's goal is to sustainably increase the corporate value and social value of the SBI Group through self-evolution and co-creation of value with a wide range of companies ".[4]
In 2019,[5]SBI Holdings announced its plans to create a 4th Japanese megabank by consolidating several Japanese regional banks (up to 10) into the group and connecting them to SBI's technological pool.[6]
History
[edit]- 1999[7]
- April - As a result of a business reorganization accompanying the conversion of SoftBank Corp. (SoftBank Group Corp. as of Jan 2021) into a pure holding company, Softbank Finance Corporation became an independent company to oversee financial-related business activities.
- July - Established as SOFTBANK INVESTMENT CORPORATION; start of venture capital business.
- Oct. - E*TRADE SECURITIES Co., Ltd. (currently SBI SECURITIES Co., Ltd.) commenced Internet trading services.
- Nov - Softbank Ventures Inc. (currently SBI Investment Co., Ltd.) became a wholly owned consolidated subsidiary.
- 2000
- December 15 - The company was listed onJASDAQ(merged with Osaka Securities Exchange in 2010)
- 2002
- February 15 - Tokyo Stock Exchange listed on the First Section of the market
- November 27- Listed on the First Section of the Osaka Securities Exchange
- 2003
- June 2- E-Trade Co., Ltd. merged
- 2004
- March 16- Merged with SBI Real Estate Co., Ltd.
- 2005
- July 1 - Changed name toSBI Holdings, Inc.,and transitioned to a holding company structure.
- 2006
- Merged with SBI Partners Co., Ltd. and Finance All Corp.
- August - A wholly owned subsidiary of SoftBank Corp. (name as of Jan 2021: SoftBank Group Corp.) sold its entire stake in SBI Holdings, Inc.
- 2007
- August - SBI Japannext Co., Ltd. (currently Japannext Co., Ltd.) began operation of a proprietary trading system (PTS).
- September - SBI Sumishin Net Bank, Ltd. commenced operations.
- 2008
- January - SBI Insurance Co., Ltd. commenced operations
- July - SBI E*TRADE SECURITIES Co., Ltd. changed its name to SBI SECURITIES Co., Ltd
- November - SBI Sumishin Net Bank, Ltd. commenced business
- 2011
- April 14 - Hong Kong Stock Exchange listed on the ( SEHK: 6488 )
- On April 27, 2011, SBI Securities, a unit of SBI Holdings, agreed to acquire a 25 percent stake in PT BNISecurities,asubsidiary companyofBank Negara Indonesiafor Rp.114 billion ($16.70 million).[8]
- May- Opened a representative office in Kuala Lumpur, the capital of Malaysia
- 2012
- March - China Dalian, China business management company changed name to "Tư bách ích Investment Co., Ltd. (English name: SBI (China) Co., Ltd. )"
- April - SBI ALApromo Co., Ltd., commenced business.
- May - SBI FXTRADE Co., Ltd., commenced business.
- 2014
- June 25- Delisted from the Hong Kong Stock Exchange.
- 2015
- October - SBI Thai Online Securities Co., Ltd., a first pure-play online securities company inThailand,commenced business.
- 2016
- November—Established "SBI Virtual Currencies Co., Ltd." (name in 2021: SBI VC Trade Co., Ltd.), which provides virtual currency exchange and trading services.
- 2017
- October-Established a joint holding company "JAL SBI FinTech" to provide new services utilizing Japan Airlines and FinTech.
- 2018
- September—Subsidiary SBI Insurance Group Co., Ltd. is listed on the Tokyo Stock Exchange Mothers.[9]
- 2019
- April - SBI NEOMOBILE SECURITIES Co., Ltd. established by SBI SECURITIES and CCC Marketing Co., Ltd., commenced business.
- May - Established a representative office in Philippines
- October - Formed business alliance with Z Holdings Group in the Financial Services Business.
- November - Established Strategic Business Innovator Berlin GmbH., a subsidiary in Germany
- 2020
- April - Acquired Cambodian microfinance institution SBI LY HOUR BANK PLC. (formerly Ly Hour Microfinance Institution PLC.) and obtained a banking license.[10]
- April - Concluded basic agreement with the SMBC Group on a strategic capital and business alliance.[11]
- October- Acquired all shares of Livestar Securities, making it a wholly owned subsidiary of the intermediate holding company SBI Financial Services. Acquired all shares of TaoTao Inc., which operates the crypto asset exchange TAOTAO, and made it a wholly owned subsidiary.[12][13]
- December - SBI Digital Asset Holdings Co., Ltd., a subsidiary of SBI Holdings, announces with the SIX group Plans for Singapore-Based Joint Exchange Venture[14]
- 2021
- May - Signed a capital and business alliance with the Bank of Tsukuba.
- September - TOB for Shinsei Bank.
- December - 12/17 --Shinsei Bank became a consolidated subsidiary.
- 2022
- May 12 - Officially announced a capital and business alliance with Daiko Bank
- 10/11 --Announced that the Bank Holding Company related to SBI Regional Bank Holdings was approved by the Financial Services Agency.
- 2023
- July 5 - SBI Holdings announced that it has reached a basic agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC), a major foundry (semiconductor contract manufacturing) in Taiwan, to establish a preparatory company for the establishment of a semiconductor factory in Japan.
References
[edit]- ^"Message from Top Management".Retrieved2024-01-11.
- ^"SBI Group, Corporate profile".Archivedfrom the original on 2009-03-24.Retrieved2009-01-16.
- ^"SBI Group, Corporate history".Archivedfrom the original on 2008-12-08.Retrieved2009-01-16.
- ^"Annual Report|SBI Holdings".sbigroup.co.jp.Retrieved2020-12-26.
- ^Gehrke, Norbert (2019-09-14)."SBI to create Fourth Mega Bank".Medium.Retrieved2020-12-26.
- ^Fujita, Junko; Umekawa, Takashi; Wada, Takahiko (2020-09-23)."Japan's SBI, eyeing shake-up of regional banks, may get a Suga boost".The Japan Times.Retrieved2020-12-26.
- ^"Corporate History|SBI Holdings".sbigroup.co.jp.Retrieved2020-12-26.
- ^"Japanese firm set to acquire 25 percent of BNI Securities | the Jakarta Post".Archivedfrom the original on 2011-04-30.Retrieved2011-04-28.
- ^"SBI HOLDINGS, INC. Offering Circular".Singapore Exchange.28 August 2018. p. 82.Retrieved2 June2024.
On 21st August, 2018, the Tokyo Stock Exchange approved the listing of SBI Insurance Group Co., Ltd. on the Mothers division of the Tokyo Stock Exchange. Listing is scheduled to take place on 27th September, 2018.
- ^"LYHOUR Microfinance Institution Plc. receives Banking License from National Bank of Cambodia".Khmer Times.2020-04-01.Retrieved2020-12-26.
- ^"Japan's SMFG and SBI to partner in digital banking".Nikkei Asia.Retrieved2020-12-26.
- ^Sakurai, Joji (29 July 2020)."SBI Holdings to acquire Livestar Securities".S&P Global.Retrieved2 June2024.
- ^Nelson, Danny (7 October 2020)."Japanese Crypto Exchange TaoTao Agrees to SBI Purchase After Binance Talks End".Yahoo! Finance News. CoinDesk.Retrieved2 June2024.
- ^"SIX and SBI Planning Digital-Asset Exchange Based in Singapore".Bloomberg.2020-12-08.Retrieved2020-12-26.
External links
[edit]- Companies listed on the Osaka Exchange
- Companies listed on the Tokyo Stock Exchange
- Companies formerly listed on the Hong Kong Stock Exchange
- Financial services companies based in Tokyo
- Insurance companies based in Tokyo
- Banks of Japan
- SoftBank Group
- Financial services companies established in 1999
- Japanese companies established in 1999
- Blockchains