SBI Holdings (8473) investor relations material

Executive summary

• Revenue for 1H FY2025 rose 33.5% year-over-year to JPY 902.6 billion, with profit before income tax up 168.9% to JPY 212.1 billion and profit attributable to owners up 270.7% to JPY 165.8 billion, all record highs.

• Annualized ROE reached 22.5%, surpassing the FY2028 target of 15% and outperforming most Japanese financial institutions.

• Total comprehensive income reached JPY 180.9 billion, a significant turnaround from a loss in the prior year period.

• Customer base grew to 78.36 million globally, targeting 100 million through overseas expansion and M&A.

• Interim dividend set at JPY 40 per share, up JPY 10 from the previous year.

Financial highlights

• Basic earnings per share increased to JPY 527.54 from JPY 148.07 year-over-year, and diluted EPS to JPY 494.02 from JPY 144.58.

• Total assets grew to JPY 35.3 trillion from JPY 32.1 trillion as of March 31, 2025.

• Banking business net profit attributable to owners rose 56% to JPY 69.3 billion, driven by increased operating assets and gains on securities sales.

• Asset management business revenue up 9.2% and pretax income up 7.8%, with AUM surpassing JPY 12 trillion and targeting JPY 20 trillion by 2027.

• PE Investment revenue up 1,054.5% year-over-year to JPY 141.1 billion, with profit before tax at JPY 110.5 billion.

Outlook and guidance

• Full-year consolidated profit before tax expected to reach JPY 383.7 billion, with medium-term vision targeting JPY 500 billion by March 2029.

• Mid-term vision targets for FY2028: consolidated profit before tax of JPY 500 billion, customer base of 100 million, overseas business share of 30%, and ROE of 15%.

• Overseas business contribution to consolidated pretax profit targeted to rise from 17% in FY24 to 30% by FY28.

• Continued focus on M&A, especially in banking and asset management, to drive growth and meet customer base targets.

• Full-year dividend forecast is yet to be determined.