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M&A and Subsidiary Changes8473SBI Holdings,Inc.Financials (excluding banks)

(Progress of Previously Disclosed Matter) Notice of Completion of the Transfer of Shares Resulting in a Change in a Specified Subsidiary

The Company completed the additional transfer of shares in SBI Savings Bank, its consolidated subsidiary in South Korea, to Kyobo Life Insurance Co., Ltd. As a result, SBI Savings Bank ceased to be a consolidated subsidiary of the Company and became an equity-method affiliate.

Worth reading
54Recurring
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
9000
KRW 100 million (¥99.0 billion)
Wording
Conditional
How definitive the wording is.

No category-specific facts could be extracted from this document.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Company explained that the impact of SBI Savings Bank's results on its consolidated results is expected to be limited because the Company Group has agreed to hold 70% of the bank's economic interest. This document does not explain the specific purpose or reasons for the transfer.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Progress of Previously Disclosed Matter) Notice of Completion of the Transfer of Shares Resulting in a Change in a Specified Subsidiary | SBI Holdings,Inc. (8473) timely disclosure | Komori