SBI Holdings Management

Management criteria checks 3/4

SBI Holdings' CEO is Yoshitaka Kitao, appointed in Jun 2012, has a tenure of 11.83 years. total yearly compensation is ¥251.00M, comprised of 28.3% salary and 71.7% bonuses, including company stock and options. directly owns 1.43% of the company’s shares, worth ¥16.44B. The average tenure of the management team and the board of directors is 5.5 years and 7.3 years respectively.

Key information

Yoshitaka Kitao

Chief executive officer

JP¥251.0m

Total compensation

CEO salary percentage	28.3%
CEO tenure	11.8yrs
CEO ownership	1.4%
Management average tenure	5.5yrs
Board average tenure	7.3yrs

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
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 ($USD1.61M) is above average for companies of similar size in the JP market ($USD1.04M).

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

CEO

Yoshitaka Kitao (72 yo)

11.8yrs

Tenure

JP¥251,000,000

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	11.8yrs	JP¥251.00m	1.43% ¥ 16.4b
Masato Takamura	Senior EVP	2.2yrs	JP¥120.00m	0.10% ¥ 1.2b
Shumpei Morita	Senior MD	no data	JP¥101.00m	0.023% ¥ 265.9m
Hideyuki Katsuchi	CFO & Managing Executive Officer	no data	no data	no data
Masayuki Yamada	GM of Legal & Compliance Dept. and Director	9.8yrs	no data	0.0046% ¥ 53.3m
Motoaki Shiino	GM of Corporate Communication Department & Director	8.8yrs	no data	0.0017% ¥ 19.0m
Katsumi Shiragami	Executive Officer in Charge of Human Resources & General Affairs	no data	no data	no data
Tomoya Asakura	Senior Executive VP & Director	1.8yrs	no data	0.094% ¥ 1.1b
Satoe Kusakabe	MD & Director	1.8yrs	no data	0.00066% ¥ 7.6m
Jangdeok Ko	Chief Executive Officer of SBINFT	no data	no data	no data

5.5yrs

Average Tenure

54yo

Average Age

Experienced Management: 8473's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yoshitaka Kitao	Chairman of the Board	24.8yrs	JP¥251.00m	1.43% ¥ 16.4b
Masato Takamura	Senior EVP	10.8yrs	JP¥120.00m	0.10% ¥ 1.2b
Shumpei Morita	Senior MD	14.8yrs	JP¥101.00m	0.023% ¥ 265.9m
Masayuki Yamada	GM of Legal & Compliance Dept. and Director	7.8yrs	no data	0.0046% ¥ 53.3m
Motoaki Shiino	GM of Corporate Communication Department & Director	less than a year	no data	0.0017% ¥ 19.0m
Tomoya Asakura	Senior Executive VP & Director	1.8yrs	no data	0.094% ¥ 1.1b
Satoe Kusakabe	MD & Director	4.8yrs	no data	0.00066% ¥ 7.6m
Shimji Matsui	Director	less than a year	JP¥3.00m	0.034% ¥ 392.7m
Teruhide Sato	Independent Outside Director	10.8yrs	no data	0.00093% ¥ 10.7m
Heizo Takenaka	Independent Outside Director	7.8yrs	no data	no data
Yasuhiro Suzuki	Independent Outside Director	6.8yrs	no data	no data
Hiroshi Ito	Independent Outside Director	3.8yrs	no data	no data

7.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 8473's board of directors are considered experienced (7.3 years average tenure).

SBI Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

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

New minor risk - Shareholder dilution

Now 20% undervalued

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

Upcoming dividend of JP¥130 per share

Now 21% undervalued

Price target increased by 7.0% to JP¥3,708

Dividend of JP¥130 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

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

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

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).

Consensus revenue estimates increase by 18%

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

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

Price target decreased by 7.2% to JP¥3,228

Consensus EPS estimates fall by 40%

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Now 20% undervalued

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

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..

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

Now 21% undervalued after recent price drop

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

Consensus forecasts updated

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

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.

Consensus EPS estimates fall by 13%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

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

Consensus forecasts updated

Full year 2022 earnings: EPS and revenues exceed analyst expectations

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

Consensus EPS estimates increase by 42%

Consensus EPS estimates increase by 12%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

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

Price target increased to JP¥3,507

Consensus EPS estimates increase by 10%

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: JP¥3,050

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

Revenue and earnings beat expectations

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

Investor sentiment deteriorated over the past week

New 90-day high: JP¥2,971

New 90-day high: JP¥2,908

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.

SBI Holdings, Inc. to Report Q2, 2021 Results on Oct 28, 2020

SBI Holdings, Inc. (TSE:8473) acquired 70% stake in Ly Hour MicrofinanceInstitution PLC. from Ly Hour.

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) completed the acquisition of 14% stake in SBI R3 Japan Co., Ltd from SBI Holdings, Inc. (TSE:8473) and R3 HoldCo LLC.