Governance structure
other affiliated company), voting rights ownership ratio: 20.64% (direct ownership: 20.64%; included in aggregate: -
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
After ceasing to qualify as an other affiliated company for a period, SBI Holdings, Inc. again became an other affiliated company from 23 December 2025.
| Item | Details |
|---|---|
| Controlling shareholder | SBI Holdings, Inc. (other affiliated company), voting rights ownership ratio: 20.64% (direct ownership: 20.64%; included in aggregate: -) |
| Changes this time | After ceasing to qualify as an other affiliated company for a period, SBI Holdings, Inc. again became an other affiliated company from 23 December 2025. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.SBI Holdings, Inc. became an other affiliated company as a result of the issuance of new shares through a third-party allotment dated 5 December 2025 and a capital and business alliance.