SBI Holdings Management

Management criteria checks 4/4

SBI Holdings' CEO is Yoshitaka Kitao, appointed in Jun 2012, has a tenure of 12.42 years. total yearly compensation is ¥301.00M, comprised of 40.2% salary and 59.8% bonuses, including company stock and options. directly owns 1.43% of the company’s shares, worth €95.61M. The average tenure of the management team and the board of directors is 6.1 years and 7.9 years respectively.

Key information

Yoshitaka Kitao

Chief executive officer

JP¥301.0m

Total compensation

CEO salary percentage	40.2%
CEO tenure	12.4yrs
CEO ownership	1.4%
Management average tenure	6.1yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yoshitaka Kitao's remuneration changed compared to SBI Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥95b
Jun 30 2024	n/a	n/a	JP¥84b
Mar 31 2024	JP¥301m	JP¥121m	JP¥87b
Dec 31 2023	n/a	n/a	JP¥87b
Sep 30 2023	n/a	n/a	JP¥64b
Jun 30 2023	n/a	n/a	JP¥62b
Mar 31 2023	JP¥251m	JP¥71m	JP¥35b

Compensation vs Market: Yoshitaka's total compensation ($USD1.94M) is below average for companies of similar size in the German market ($USD3.61M).

Compensation vs Earnings: Yoshitaka's compensation has been consistent with company performance over the past year.

CEO

Yoshitaka Kitao (73 yo)

12.4yrs

Tenure

JP¥301,000,000

Compensation

Mr. Yoshitaka Kitao serves as Director at SBI Global Asset Management Co., Ltd. (formerly known as Morningstar Japan K. K.) since March 2006. He serves as a Member of the Board at SBI JI Innovation Advisor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yoshitaka Kitao	Chairman of the Board	12.4yrs	JP¥301.00m	1.43% € 95.6m
Masato Takamura	Senior EVP	2.8yrs	JP¥184.00m	0.15% € 9.9m
Tomoya Asakura	Senior Executive VP & Director	2.3yrs	JP¥117.00m	0.12% € 7.8m
Hideyuki Katsuchi	CFO & Managing Executive Officer	no data	no data	no data
Shumpei Morita	Senior MD	no data	JP¥101.00m	0.050% € 3.3m
Masayuki Yamada	GM of Legal & Compliance Dept. and Director	10.4yrs	no data	0.013% € 862.0k
Motoaki Shiino	GM of Corporate Communication Department & Director	9.4yrs	no data	0.0016% € 110.3k
Satoe Kusakabe	MD & Director	2.3yrs	no data	0.0032% € 212.0k

6.1yrs

Average Tenure

55yo

Average Age

Experienced Management: ZOF's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yoshitaka Kitao	Chairman of the Board	25.3yrs	JP¥301.00m	1.43% € 95.6m
Masato Takamura	Senior EVP	11.4yrs	JP¥184.00m	0.15% € 9.9m
Tomoya Asakura	Senior Executive VP & Director	2.3yrs	JP¥117.00m	0.12% € 7.8m
Shumpei Morita	Senior MD	15.4yrs	JP¥101.00m	0.050% € 3.3m
Masayuki Yamada	GM of Legal & Compliance Dept. and Director	8.4yrs	no data	0.013% € 862.0k
Motoaki Shiino	GM of Corporate Communication Department & Director	1.4yrs	no data	0.0016% € 110.3k
Satoe Kusakabe	MD & Director	5.4yrs	no data	0.0032% € 212.0k
Shimji Matsui	Director	1.4yrs	JP¥3.00m	0.038% € 2.5m
Teruhide Sato	Independent Outside Director	11.4yrs	no data	0.00093% € 62.2k
Heizo Takenaka	Independent Outside Director	8.4yrs	no data	no data
Yasuhiro Suzuki	Independent Outside Director	7.4yrs	no data	no data
Hiroshi Ito	Independent Outside Director	4.4yrs	no data	no data

7.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: ZOF's board of directors are considered experienced (7.9 years average tenure).

SBI Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

SBI Holdings, Inc., Annual General Meeting, Jun 27, 2024

SBI Holdings, Inc., Annual General Meeting, Jun 29, 2023

SBI Holdings, Inc., Annual General Meeting, Jun 29, 2022

SBI Holdings, Inc. Announces Resignation of Katsuya Kawashima as Representative Director

Recent updates

Second quarter 2025 earnings released: EPS: JP¥77.28 (vs JP¥46.22 in 2Q 2024)

SBI Holdings, Inc. to Report Q2, 2025 Results on Nov 08, 2024

Upcoming dividend of JP¥30.00 per share

Cboe Global Markets, Inc. (BATS:CBOE) agreed to acquire 14.80% stake in Japannext Co., Ltd. from SBI Holdings, Inc. (TSE:8473).

New minor risk - Share price stability

SBI Holdings Reportedly to Take Big Stake in Preferred Networks

First quarter 2025 earnings released: EPS: JP¥70.79 (vs JP¥89.84 in 1Q 2024)

Now 20% undervalued

Final dividend of JP¥30.00 announced

SBI Holdings, Inc. to Report Q1, 2025 Results on Aug 02, 2024

Now 20% undervalued after recent price drop

Full year 2024 earnings released: EPS: JP¥316 (vs JP¥132 in FY 2023)

SBI Holdings, Inc., Annual General Meeting, Jun 27, 2024

New minor risk - Shareholder dilution

Now 21% undervalued

SBI Holdings, Inc. to Report Fiscal Year 2024 Results on May 10, 2024

Upcoming dividend of JP¥130 per share

Dividend of JP¥130 announced

Third quarter 2024 earnings released: EPS: JP¥81.82 (vs JP¥0.38 in 3Q 2023)

SBI Holdings, Inc. Provides Commemorative Dividend Guidance for the Fiscal Year Ending March 31, 2024

Now 20% undervalued

SBI Holdings, Inc. to Report Q3, 2024 Results on Feb 07, 2024

Second quarter 2024 earnings released: EPS: JP¥46.22 (vs JP¥38.64 in 2Q 2023)

SBI Holdings, Inc. Reports Dividend Result for Second Quarter 2023

SBI Holdings, Inc. to Report Q2, 2024 Results on Nov 10, 2023

Upcoming dividend of JP¥30.00 per share at 4.6% yield

SBI Holdings, Inc. (TSE:8473) agreed to acquire additional 5.35% minority stake in Medical Data Vision Co., Ltd. (TSE:3902).

First quarter 2024 earnings released: EPS: JP¥89.84 (vs JP¥9.63 loss in 1Q 2023)

SBI Holdings, Inc. to Report Q1, 2024 Results on Aug 04, 2023

Full year 2023 earnings released: EPS: JP¥132 (vs JP¥1,499 in FY 2022)

SBI to Take Shinsei Bank Private

SBI Holdings, Inc., Annual General Meeting, Jun 29, 2023

SBI Holdings, Inc. Announces Dividend for Fiscal Year Ending March 31, 2023, Effective Date Is June 9, 2023

Third quarter 2023 earnings released: EPS: JP¥0.38 (vs JP¥1,197 in 3Q 2022)

SBI Holdings, Inc. (TSE:8473) entered into an agreement to acquire 13.22% stake in CREAL Inc. (TSE:2998) from Bridge-C Holdings Pte. Ltd., and Bridge-C Advisory Pte. Ltd..

Now 21% undervalued after recent price drop

SBI Holdings, Inc. (TSE:8473) made a tender offer to acquire a 8.03% stake in MINKABU THE INFONOID, Inc. (TSE:4436).

SBI Holdings, Inc. to Report Q3, 2023 Results on Feb 07, 2023

Second quarter 2023 earnings released: EPS: JP¥38.25 (vs JP¥195 in 2Q 2022)

SBI Holdings, Inc. Revises Dividend Guidance for the Six Months Ended September 30, 2022

SBI Holdings, Inc. to Report Q2, 2023 Results on Nov 14, 2022

Upcoming dividend of JP¥30.00 per share

SBI Holdings, Inc. (TSE:8473) made an offer to acquire 48.4% stake in ARUHI Corporation (TSE:7198) from its shareholders for ¥26.29 billion.

SBI Holdings, Inc. (TSE:8473) agreed to acquire an additional 51.96% stake in The Global Ltd. (TSE:3271) from Ascot Corp. (TSE:3264) for ¥3 billion.

Full year 2022 earnings released: EPS: JP¥1,499 (vs JP¥340 in FY 2021)

SBI Holdings, Inc. announced that it has received ¥79.65 billion in funding from Sumitomo Mitsui Financial Group, Inc.

SBI Holdings, Inc. Announces Dividend of Surplus with March 31, 2022, Effective June 30, 2022

SBI Holdings, Inc. announced that it expects to receive ¥79.65 billion in funding from Sumitomo Mitsui Financial Group, Inc.

SMFG Reportedly Plans to Take 10% Stake in SBI

Full year 2022 earnings released: EPS: JP¥1,499 (vs JP¥340 in FY 2021)

SBI Holdings, Inc., Annual General Meeting, Jun 29, 2022

SBI Holdings, Inc. Provides Dividend Guidance for the Fiscal Year Ended March 31, 2022

SBI Holdings, Inc. (TSE:8473) agreed to acquire 5% stake in Remixpoint, Inc. (TSE:3825).

SBI Holdings, Inc. to Report Fiscal Year 2022 Results on May 27, 2022

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

SBI Holdings, Inc. to Report Nine Months, 2022 Results on Feb 28, 2022

SBI Holdings, Inc. Announces Resignation of Katsuya Kawashima as Representative Director

Second quarter 2022 earnings released: EPS JP¥195 (vs JP¥70.72 in 2Q 2021)

Upcoming dividend of JP¥20.00 per share

First quarter 2022 earnings released: EPS JP¥118 (vs JP¥70.72 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥340 (vs JP¥163 in FY 2020)

SBI Holdings, Inc. to Distribute Dividend for the Year Ended March 31, 2021, Effective Date on June 9, 2021

New 90-day high: €23.80

Third quarter 2021 earnings released: EPS JP¥114 (vs JP¥41.56 in 3Q 2020)

Revenue beats expectations

SBI Holdings, Inc. to Report Q3, 2021 Results on Jan 29, 2021

New 90-day low: €19.30

New 90-day high: €22.20

SBI Holdings, Inc. (TSE:8473) agreed to acquire 20.7% stake in Medical Data Vision Co., Ltd. (TSE:3902) from Fujifilm Corporation and Hiroyuki Iwasaki for ¥19.2 billion.

Revenue beats expectations

First half earnings released