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Business alliance8473SBI Holdings,Inc.Financials (excluding banks)

SBI Group and JR Kyushu Reach Basic Agreement on Strategic Business Partnership

SBI Group companies and Kyushu Railway Company have reached a basic agreement to develop and provide “JQ BANK” (provisional name), a financial super app for JR Kyushu Web members. The app will combine financial functions such as banking, securities, insurance and crypto assets with services including Kyushu Railway Company’s points program, railway and real estate businesses.

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Agreements reached under this partnership

Business alliance
8473SBI Holdings,Inc.
Alliance partnerKyushu Railway Company / SBI SECURITIES CO., LTD. / SBI Shinsei Bank, Limited / SBIネオ金融プラットフォーム株式会社
Details of the alliance
  1. 1

    Offering exclusive benefits that leverage the strengths of the Kyushu Railway Company Group

  2. 2

    A broad range of services unique to a financial super app

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

About the partner
Business DescriptionTransportation services, real estate and hotel businesses, retail and food service businesses, construction and business services / Online full-service securities brokerage / Financial services and related businesses / Planning, development and operation of a comprehensive financial platform, and related activities
LocationHakata-ku, Fukuoka City, Fukuoka Prefecture / Minato-ku, Tokyo / Chuo-ku, Tokyo / Minato-ku, Tokyo
Share capital¥16 billion / ¥69.32314 billion / ¥178.5 billion / ¥100 million
Alliance start dateThe companies aim to begin providing the service during fiscal 2027.
Agreements reached under this partnership
ItemDetails
Name of alliance partnerKyushu Railway Company, SBI SECURITIES CO., LTD., SBI Shinsei Bank, Limited, SBIネオ金融プラットフォーム株式会社
Alliance partner's business activitiesTransportation services, real estate and hotel businesses, retail and food service businesses, construction and business services, Online full-service securities brokerage, Financial services and related businesses, Planning, development and operation of a comprehensive financial platform, and related activities
Alliance partner's locationHakata-ku, Fukuoka City, Fukuoka Prefecture, Minato-ku, Tokyo, Chuo-ku, Tokyo, Minato-ku, Tokyo
Alliance partner's capital¥16 billion, ¥69.32314 billion, ¥178.5 billion, ¥100 million
Type of allianceBusiness alliance
Details of the allianceOffering exclusive benefits that leverage the strengths of the Kyushu Railway Company Group, A broad range of services unique to a financial super app
Alliance start dateThe companies aim to begin providing the service during fiscal 2027.
Items this document does not state (16)
Alliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

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The reasons the company gives

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

Kyushu Railway Company has identified “evolving the customer experience and creating new areas” as a priority. Against the backdrop of increasingly diverse lifestyles and the accelerating shift to digital services, the companies aim to enhance the convenience and added value of financial services. By combining financial services with railway and lifestyle services, they aim to improve customer convenience and the lifetime value (LTV) of customers across the Kyushu Railway Company Group.

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SBI Group and JR Kyushu Reach Basic Agreement on Strategic Business Partnership | SBI Holdings,Inc. (8473) timely disclosure | Komori