SBI Group

Last updated
SBI Holdings
Company typepublic company
TYO: 8473
IndustryFinancial Services
Founded1999 as SoftBank Investment Co., Ltd.(became fully independent from Softbank in 2006)
Headquarters,
Key people
Yoshitaka Kitao  [ jp ] [1]
(chairman, President and CEO)
ServicesAsset Management | Financial Services |
Consolidated: 64,432 million yen (fiscal year ending March 2020)
Number of employees
Consolidated: 8,003, Single: 227 (as of March 31, 2020)
Subsidiaries see group companies
Website http://www.sbigroup.co.jp

SBI Holdings, sometimes referred to as Strategic Business Innovator Group, (TYO : 8473) is a financial services company group based in Tokyo, Japan. [2] The group's businesses and companies are held primarily at SBI Holdings. 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 a biotechnology-related business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates the business school SBI Graduate School. SBI is listed on the first section of the Tokyo Stock Exchange and Osaka Securities Exchange. [3]

Contents

Overview

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

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References

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