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Business alliance8473SBI Holdings,Inc.Financials (excluding banks)

Notice Regarding the Commencement of Consideration of a Capital and Business Alliance with bitbank, Inc., a Major Domestic Crypto-Asset Exchange

SBI Holdings has begun discussions toward a capital and business alliance with bitbank, Inc., with the aim of acquiring bitbank’s shares and making it a consolidated subsidiary. The specific terms, including the timing and method of the share acquisition, will be discussed going forward.

Worth reading
41Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
8473SBI Holdings,Inc.
Alliance partnerbitbank, inc.
About the partner
Business DescriptionCrypto-asset-related business
LocationChuo-ku, Tokyo
Share capital¥8.70635 billion (including capital reserve)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerbitbank, inc.
Alliance partner's business activitiesCrypto-asset-related business
Alliance partner's locationChuo-ku, Tokyo
Alliance partner's capital¥8.70635 billion (including capital reserve)
Type of allianceCapital and Business Alliance
Items this document does not state (18)
Alliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateImpact on Business PerformanceChange 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.

The aim is to maximize synergies with bitbank within the SBI Group and establish a dominant position in Japan’s crypto-asset industry. The company also cites the consideration being given to bringing crypto assets within the framework of the Financial Instruments and Exchange Act.

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.
Notice Regarding the Commencement of Consideration of a Capital and Business Alliance with bitbank, Inc., a Major Domestic Crypto-Asset Exchange | SBI Holdings,Inc. (8473) timely disclosure | Komori