SBI Holdings,Inc. Q4 FY2026 earnings call

• Financial services dominance: Financial services business is the main contributor with significant pre-tax income. Banking, securities, and insurance businesses have various growths. - SBI Shinsaibank and Shinsei Bank: SBI Shinsaibank has record high performance in multiple metrics. SBI Shinsei Bank has growing customer numbers and asset amounts. - Securities business: Growing on all line items, investment trust fees and margin trading have significant growth. Working on alliances like with SMBC Group, promoting global institutional investor business. - Insurance business: Record highs in business and dividends, growth rates higher than large insurance companies in Japan due to online premiums. - Asset management business: AUM growth, aiming for 50 trillion by 2030, with close relationships with joint venture partners. - Crypto asset business: Record pre-tax profit, making progress towards XRP listing. - Next-gen business: MyNavi successful, validator rewards, integrating with other ecosystems.

Financial services business is dominant with pre-tax income 425 billion yen. Asset management business has pre-tax income 8.6 billion yen. Key investment business is 82 billion yen. Crypto asset is 21.2 billion yen. Next-gen business is 22 billion yen. Banking business grew at +134.5%, securities business is 83.2 billion yen up 14.8%, insurance business is 79.6 billion yen up 1,235.5%. SBI Shinsaibank had ordinary business profit 156.6 billion up 20%, profit before income tax expense 122.1 billion up 22%, profit attributable to owners of the company 113.4 billion up 34% (JGAP basis) and 106.1 billion up 29% (IFAS basis). SBI Savings Bank in Korea had 37.8% growth with 25 billion yen, capital adequacy ratio 19.75%, delinquency rate 4.5%. Securities business has various growths, investment trust fees up 42% year-on-year, margin trading up 41.1% year-on-year. Insurance business had record highs and dividend double of last fiscal year. Asset management business AUM exceeded 12 trillion, aiming to reach 50 trillion by 2030. Crypto asset business pre-tax profit is record high. Next-gen business MyNavi is successful with equity in earnings affiliates, validator rewards.

• Asset management: Aim to grow AUM to 50 trillion by March 2030, with plans to use acquisitions and alliances. - Crypto asset: Progressing towards XRP listing, expecting clarity in May. - AI and on-chain finance: Decisively implement AI-driven transformation and on-chain finance strategies, aiming for global financial AI councils and on-chain asset management platform development. - Neo-media: Integrate neo-media ecosystem into financial and digital space ecosystems, expand customer base, and promote regional revitalization through various initiatives.

• Cyber attacks: Concerns about unauthorized access-related compensation, need for security measures like AI-driven systems and vulnerability assessment. - Regulatory challenges: Uncertainties in financial regulations, especially regarding stablecoins and tokenization, and constraints in taxation. - Market volatility: Impact of yen weakness, global economic factors like wars and interest rate changes on business performance. - Conglomerate discount: Potential negative perception due to conglomerate discount, need to leverage synergies to increase value.