SBI : Notice Regarding Recording of Extraordinary Gains in the Non-consolidated Financial Results
January 31, 2022 at 02:29 am
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January 31, 2022
SBI Holdings, Inc.
(TOKYO: 8473)
Notice Regarding Recording of Extraordinary Gains in the
Non-consolidated Financial Results
SBI Holdings, Inc. (hereinafter "the Company") hereby announces that it plans to record extraordinary gains in its non-consolidated financial results (Japanese GAAP) for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022).
[Details of the extraordinary gains]
The Company has resolved at the Board of Directors Meeting held today that it will assign all shares held in Shinsei Bank, Limited (Securities code: 8303; hereinafter "Shinsei Bank") to SBI Regional Bank Holdings Co., Ltd. (Head office: Minato-ku, Tokyo; Representative Director: Shumpei Morita; hereinafter "SBIRBHD"), a wholly owned subsidiary of the Company on February 1, 2022. This assignment of shares will be conducted to transfer all shares in Shinsei Bank held by the Company to SBIRBHD as announced in the Tender Offer Registration Statement for the tender offer for the common shares of Shinsei Bank which SBIRBHD implemented in the period from September 10, 2021 to December 10, 2021.
As a result of this share transfer, the Company plans to record an extraordinary gain of approximately JPY19 billion in its non-consolidated financial results for the fiscal year ending March 31, 2022. The impact on the Company's consolidated financial results for the fiscal year ending March 31, 2022 is expected to be minimal.
SBI Holdings, Inc. Corporate Communications Dept., Tel: +81 3 6229-0126
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SBI Holdings Inc. published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 07:27:57 UTC.
SBI Holdings Inc is a Japan-based company mainly engaged in the financial business. The Company operates five business segments. The Financial Services segment engages in various finance related businesses, centered on securities related, banking, and insurance businesses in Japan and overseas. The Asset Management segment is engaged in investment management, including the establishment, offering, and management of investment trusts, investment advisory services, and provision of financial products information. The Investment segment includes investment in domestic and overseas information technology (IT), fintech, blockchain, financial, and biotechnology related venture companies. The Crypto-asset segment provides crypto-asset exchange and trading services. The Non-financial segment is engaged in various businesses such as bio-healthcare & medical informatics business, Web3 related business, renewable energy business, and businesses developing in new overseas markets such as Africa.