SBI Group

SBI Holdings, also known as Strategic Business Innovator Group, (TYO: 8473) is a financial services company group based in Tokyo, Japan.[1] SBI Holdings serves as the primary holding company for various businesses and subsidiaries within the group. Its diversified portfolio encompasses a broad spectrum of financial services, including securities, asset management, banking, and insurance, leading to the establishment of an internet-centric financial conglomerate. Additionally, the conglomerate maintains a business segment focused on biotechnology, which engages in the development of cosmetics, health foods, and pharmaceuticals. The SBI Graduate School is also operated under the group's umbrella. SBI Holdings' shares are traded on the first sections of both the Tokyo Stock Exchange and the Osaka Securities Exchange.[2]

For the Indian banking company, see State Bank of India.
SBI Holdings
Typepublic company
TYO: 8473
IndustryFinancial Services
Founded1999 as SoftBank Investment Co., Ltd.(became fully independent from Softbank in 2006)
Headquarters
Tokyo
,
Japan
Key people
Yoshitaka Kitao (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)
Subsidiariessee group companies
Websitehttp://www.sbigroup.co.jp

Overview

Established in 1999, SBI Holdings originated as a constituent of the SoftBank group. The company secured its position on the Osaka Stock Exchange in December 2000, followed by a listing on the Tokyo Stock Exchange in 2002. Notably, by 2006, the SBI Group had achieved full independence from SoftBank. The conglomerate's Financial Services Business centers around an Internet-based financial ecosystem, facilitating a diverse array of financial services, encompassing securities, banking, and insurance. Within the Asset Management Business, the group actively invests in and nurtures startup enterprises. Furthermore, through its biotechnology-focused arm, the conglomerate engages in the research and manufacturing of pharmaceuticals, health foods, and related commodities. The company's 2020 annual report articulates a forward-looking strategy emphasizing the promotion of the Open Alliance initiative. This strategic approach entails forging mutually beneficial relationships with enterprises possessing advanced technologies in sectors such as fintech, AI, blockchain, and quantum computing, across various industries. The overarching objective is to enhance the corporate and societal value of the SBI Group through organic evolution and collaborative value creation.[3]

In 2019,[4] 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.[5]

History
  • 1999[6]
    • 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 on JASDAQ (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 to SBI 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 BNI Securities, a subsidiary company of Bank Negara Indonesia for Rp.114 billion ($16.70 million).[7]
    • May- Opened a representative office in Kuala Lumpur , the capital of Malaysia
  • 2012
    • March - China Dalian, China business management company changed name to "思佰益 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 in Thailand, 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.
  • 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.[8]
    • April - Concluded basic agreement with the SMBC Group on a strategic capital and business alliance.[9]
    • 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.
    • December - SBI Digital Asset Holdings Co., Ltd., a subsidiary of SBI Holdings, announces with the SIX group Plans for Singapore-Based Joint Exchange Venture[10]

References
  1. "SBI Group, Corporate profile". Archived from the original on 2009-03-24. Retrieved 2009-01-16.
  2. "SBI Group, Corporate history". Archived from the original on 2008-12-08. Retrieved 2009-01-16.
  3. "Annual Report｜SBI Holdings". www.sbigroup.co.jp. Retrieved 2020-12-26.
  4. Gehrke, Norbert (2019-09-14). "SBI to create Fourth Mega Bank". Medium. Retrieved 2020-12-26.
  5. 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. Retrieved 2020-12-26.
  6. "Corporate History｜SBI Holdings". www.sbigroup.co.jp. Retrieved 2020-12-26.
  7. "Japanese firm set to acquire 25 percent of BNI Securities | the Jakarta Post". Archived from the original on 2011-04-30. Retrieved 2011-04-28.
  8. "LYHOUR Microfinance Institution Plc. receives Banking License from National Bank of Cambodia". Khmer Times. 2020-04-01. Retrieved 2020-12-26.
  9. "Japan's SMFG and SBI to partner in digital banking". Nikkei Asia. Retrieved 2020-12-26.
  10. "SIX and SBI Planning Digital-Asset Exchange Based in Singapore". Bloomberg.com. 2020-12-08. Retrieved 2020-12-26.
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