TYO:8473

3 stories mentioning TYO:8473Updated 16m ago

Every FINWIRES story that references TYO:8473, newest first.

SBI Signs Agreement to Acquire Crypto Exchange Bitbank in Japan

SBI (TYO:8473) said it entered into a basic agreement with Bitbank, Noriyuki Hirosue, MIXI, and CERES to acquire the crypto asset-related business company, Bitbank, in Japan, according to a Thursday filing on the Tokyo Stock Exchange.The financial services company said the acquisition will be through its subsidiary SBICAH and will make Bitbank its wholly owned subsidiary, strengthening its position in the digital asset market.Separately, the company has also signed a share transfer agreement with Noriyuki Hirosue and other shareholders to acquire their shares of Bitbank, concluding the basic agreement.The transaction is subject to conditions, with completion expected in October.

TYO:8473

Asia55d ago

SBI Holdings' Profit Surges 164% in Fiscal Year Ended March

SBI Holdings' (TYO:8473) profit attributable to owners of the parent soared 164% to 427.6 billion yen for the fiscal year ended March 31 from 162.1 billion yen a year earlier.The financial services company's earnings per share increased to 624.54 yen from 512.67 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue jumped 31% to 1.897 trillion yen from 1.444 trillion yen in the prior year.The company declared a final dividend of 75 yen per share, payable from June 1.SBI Holdings did not provide any earnings or dividend forecasts for the fiscal year ending March 31, 2027.

TYO:8473

Asia55d ago

Market Chatter: SBI, State Street to Form JV Targeting Low-Fee Funds in Japan

SBI Holdings (TYO:8473) and State Street Investment Management plan to set up a joint venture to launch low-cost investment trusts in Japan, Nikkei reported Friday.The new firm, expected as early as May, will be majority-owned by SBI, which will oversee operations and distribution, while State Street manages assets, according to the report.The partnership will offer investment trusts and ETFs across domestic and global equities, bonds and other assets, aiming to rank among the lowest-fee products in the market, the report said.SBI is targeting competition with Mitsubishi UFJ Asset Management's low-cost global equity fund offerings. State Street, which oversees about $5.7 trillion in assets, will also provide custody services, helping cut costs, according to the report.SBI aims to grow group assets under management to 20 trillion yen by the fiscal year ending March 2028, with the venture targeting trillions of yen within three years, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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