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Business Alliances8473SBI Holdings,Inc.Financials (excluding banks)

Basic Agreement to Establish a Joint Venture with State Street Investment Management, One of the World's Largest Index Managers, for Low-Cost Index Management

SBI Holdings entered into a basic agreement with State Street Investment Management to establish a joint venture that will provide low-cost index investment products and other offerings to investors in Japan. The joint venture will also jointly explore the development of an asset management platform and address new investment opportunities.

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Agreements reached under this partnership

Joint venture
8473SBI Holdings,Inc.
Alliance partnerState Street Investment Management
Details of the alliance
  1. 1

    Establishment of a joint venture to provide next-generation, low-cost index investment products in Japan

  2. 2

    Jointly exploring the development of a new asset management platform using next-generation solutions

  3. 3

    Working together, subject to mutual agreement, to address innovative investment opportunities that emerge in the future

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Overview of the joint ventureThe name, location, capital contribution and ownership ratio have not been determined or are Not disclosed. The joint venture is planned to be established to provide next-generation, low-cost index investment products in Japan.
About the partner
Business DescriptionOne of the world's leading asset management companies, offering global index asset management primarily across a broad range of asset classes, including equities, fixed income and multi-asset investments
LocationBoston, Massachusetts, United States
Impact on Business Performance

The Company believes that the impact of this matter on its consolidated results will be immaterial.

Agreements reached under this partnership
ItemDetails
Name of alliance partnerState Street Investment Management
Alliance partner's business activitiesOne of the world's leading asset management companies, offering global index asset management primarily across a broad range of asset classes, including equities, fixed income and multi-asset investments
Alliance partner's locationBoston, Massachusetts, United States
Type of allianceJoint venture
Details of the allianceEstablishment of a joint venture to provide next-generation, low-cost index investment products in Japan, Jointly exploring the development of a new asset management platform using next-generation solutions, Working together, subject to mutual agreement, to address innovative investment opportunities that emerge in the future
Overview of the joint ventureThe name, location, capital contribution and ownership ratio have not been determined or are Not disclosed. The joint venture is planned to be established to provide next-generation, low-cost index investment products in Japan.
Impact on Business PerformanceThe Company believes that the impact of this matter on its consolidated results will be immaterial.
Items this document does not state (16)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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.

To combine State Street's expertise in index asset management with the SBI Group's customer base and product offering capabilities to provide next-generation investment products and services to investors in Japan.

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Basic Agreement to Establish a Joint Venture with State Street Investment Management, One of the World's Largest Index Managers, for Low-Cost Index Management | SBI Holdings,Inc. (8473) timely disclosure | Komori