1. Japan Stocks

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    Financial Services

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    Asset Management
SBI Holdings, Inc.

SBI Holdings, Inc.

8473.T
SBI Holdings, Inc.JP flagTokyo Stock Exchange
2,702.00
JPY
-20.00
- -
1.75TMarket Cap
SBI Holdings, Inc.
8473.T
(Tokyo Stock Exchange)

Recent

price

2,702.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
367.25
403.46
353.49
537.77
571.41
616.98
643.18
796.04
773.84
801.08
1,133.64
1,559.64
1,807.21
2,195.25
2,387.03
2,957.82
1,101.23
Revenue per Share
11.8
0.69
7.37
49.52
105.59
80.42
79.69
110.27
115.72
81.59
169.89
749.27
66.94
158.22
268.04
666.82
86.89
Basic EPS, GAAP
-14.34
9.82
-95.04
55.42
-96.92
59.53
-59.4
-95.23
-176.16
27.42
-406.04
-694.45
1,743.38
2,361.65
2,408.95
2,577.37
2,246.84
Free Cash Flow per Basic Share
4.35
6.05
5.1
4.99
9.98
22.83
22.75
26.9
44.41
49.76
48.84
64.94
70.97
74.22
79.89
86.74
14.33
Dividend per Share
349.3
319.74
326.3
373.78
468.86
537.16
616.49
676.51
699.67
722.04
830.01
1,491.81
1,451.03
1,553.05
1,614.49
2,182.18
1,496.37
Book Value per Share
728.63
653.6
402.96
443.54
533.03
543.59
564.83
737.22
831.82
878.06
1,029.61
2,635.09
2,617.3
2,705.1
2,205.48
3,246.25
2,463.67
Tangible Book Value per Share
384
440
434
433
433
424
407
423
454
459
477
490
530
551
605
641
577
Basic Weighted Avg Shares
141,081
177,409
153,476
232,822
247,423
261,744
261,939
337,017
351,411
368,055
541,145
763,618
956,977
1,210,504
1,443,733
1,896,607
635,679
Sales/Revenue/Turnover
6.33
9.75
10.44
17.56
23.44
19.35
15.38
20.65
22.03
16.11
29.86
22.3
12.14
11.34
20.26
25.18
10.63
Operating Margin (%)
15,151
7,660
7,624
11,434
11,515
11,103
10,690
11,143
10,082
15,904
24,291
32,207
56,129
55,432
60,794
67,656
27,034
Depreciation Expense
4,534
303
3,202
21,439
45,721
34,115
32,455
46,684
52,548
37,487
81,098
366,854
35,445
87,243
162,120
427,577
50,155
Net Income, GAAP
130.61
82.29
51.02
49.1
37.66
29.79
34.39
22.07
18.98
31.63
30.54
13.81
29.81
19.75
32.99
16.67
8.35
Effective Tax Rate (%)
3.21
0.17
2.09
9.21
18.48
13.03
12.39
13.85
14.95
10.19
14.99
48.04
3.7
7.21
11.23
22.54
7.89
Profit Margin (%)
590,013
627,875
577,711
689,586
645,143
597,022
829,080
1,002,222
1,359,149
1,467,684
1,599,424
3,555,242
1,644,163
2,602,711
2,425,908
2,646,576
2,692,635
Working Capital
338,776
361,781
479,969
651,783
665,251
669,008
918,650
1,260,384
1,457,683
1,500,751
1,997,058
3,964,019
3,680,355
4,477,079
5,721,388
7,010,122
5,114,508
LT Debt
347,888
351,905
360,535
388,463
430,615
419,063
415,524
493,824
562,557
593,699
717,095
1,583,258
1,751,982
1,907,346
1,763,793
2,413,363
1,842,665
Total Equity
-0.36
0.34
0.89
2.18
3.32
3.2
2.15
3.46
3.28
1.94
4.59
3.5
1.47
1.86
2.82
4.69
0.98
Return on Invested Capital (%)
-0.44
-0.24
0.24
4.18
6.97
4.59
4.29
3.64
3.16
2.45
3.68
10.3
1.35
1.09
2.05
5.23
0.59
Return on Capital (%)
3.28
0.22
2.27
14.13
25.06
15.83
13.55
17.37
17.4
11.54
22.28
65.12
4.73
10.74
17.69
36
6.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
- -
- -
- -
LT Borrowings
4,477,079
- -
5,114,508
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
604
- -
605
Market Capitalization
1,080,935
1,152,764
951,013

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
16,610,962
- -
17,727,325
Cash, Cash Equivalents & STI
4,580,335
- -
4,874,158
Accounts Receivable, Net
11,606,228
- -
12,491,927
Inventories
240,398
- -
172,942
Total Current Liabilities
14,008,251
- -
15,034,690
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.79%
33.92%
36.83%
Free Cash Flow
-201.46%
-45.94%
13.43%
Net Income, GAAP
79.69%
131.55%
163.74%
Sales/Revenue/Turnover
22.83%
28.71%
31.37%
Total Cash Common Dividend
20.77%
19.33%
15.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
302,307
272,518
289,894
345,785
1,210,504
2025
- -
- -
- -
- -
1,443,733
2026
- -
- -
- -
- -
1,896,607

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44.92
23.11
40.91
- -
158.22
2025
- -
- -
- -
- -
268.04
2026
- -
- -
- -
- -
666.82

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
59.29
0.67
14.85
- -
74.22
2025
- -
- -
- -
- -
79.89
2026
- -
- -
- -
- -
86.74
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Business
SBI Holdings, Inc. (8473.T) is a diversified financial conglomerate headquartered in Tokyo, Japan, and founded in 1999 that operates across five core business segments: Financial Services, Asset Management, Investment Business, Crypto-asset Business, and Next Gen Business; it provides online securities brokerage through SBI Securities, internet banking via SBI Bank and SBI Shinsei Bank, life and non-life insurance products including SBI Life Insurance and SBI Insurance, asset management services through subsidiaries such as SBI Asset Management and SBI Global Asset Management, venture capital investments in fintech, biotechnology, environmental energy, and internet technology sectors, cryptocurrency exchange and custody solutions via SBI VC Trade and SBI Digital Asset Holdings, as well as biotechnology-related products encompassing pharmaceuticals, cosmetics, and health foods developed by entities like SBI Pharmaceuticals and SBI Cosmetics & Health; the group maintains extensive geographic operations spanning Japan, Asia (including Singapore, Thailand, Indonesia, and Vietnam), Europe (Germany, UK), North America (USA, Canada), the Middle East (Saudi Arabia), and other regions through over 200 subsidiaries and affiliates including SBI Regional Bank Holdings, Solaris SE, and SBI Ven Capital. In recent developments, SBI Holdings completed the acquisition of prime broker Hidden Road (rebranded as Ripple Prime) on October 24, 2025, agreed to acquire stablecoin payment platform Rail in August 2025 and treasury management provider Gtreasury in October 2025, converted SBI Okasan Asset Management into a specified subsidiary via share exchange completed on September 11, 2025, acquired a 3% stake in Tohoku Bank in 2025 to expand regional banking presence, established a US$75 million venture fund with Kyobo Life Insurance Group and NTU Singapore for Southeast Asia digital transformation, announced a strategic capital and business alliance with Tohoku Bank on August 21, 2025, signed a memorandum of understanding with Ripple for RLUSD distribution in Japan and a joint venture with Circle Internet Holdings on August 22, 2025, formed a partnership with Startale Group for an on-chain trading platform for tokenized stocks and RWAs on August 22, 2025, completed repayment of public funds for SBI Shinsei Bank in 2025 enabling potential re-listing, and launched a private credit business through new entity SBI APAC Credit Capital Pte. Ltd. as part of its growth strategy while aiming to grow its customer base to 100 million and increase overseas business contribution to 30% of consolidated pretax profit.