ENVALITH
株式会社SBI新生銀行 logo

SBI Shinsei Bank, Limited

8303・Prime Market・Banks

株式会社SBI新生銀行 logo
SBI Shinsei Bank, Limited8303

Business

SBI Shinsei Bank Group is a comprehensive financial group with SBI Holdings as its parent company. It is composed of three pillars: Corporate Banking (Corporate Banking, Structured Finance, Principal Transactions, Financial Markets, Showa Leasing), Retail Business (Retail Banking, Shinsei Financial, Aplus, Other Retail), and Overseas Business & Securities Investment. With 82 subsidiaries and 43 affiliated companies, it provides a wide range of financial products and services—including loans, leasing, card loans, Shopping Credit, asset management, and derivatives—to a broad customer base spanning corporate, public sector, and financial institution clients as well as individual customers. In December 2025, it was relisted on the Prime Market of the Tokyo Stock Exchange, strengthening its financial foundation.

Business Model

The bank relies primarily on retail deposits for funding, deploying these funds into corporate lending, structured finance, leasing, consumer finance (card loans, shopping credit), and securities investments to generate net interest income. In addition, non-interest income—including PE gains on sales, Credit Trading, home loan fees, payment fees, and guarantee business revenue—is increasingly accounting for more than half of gross operating profit. In FY2025 (ended March 2025) full year, non-interest income of ¥179.7 billion exceeded net interest income of ¥154.9 billion.

Company Strengths

The Structured Finance, Financial Markets, and Corporate Banking segments each have a transaction track record with 93 of the 97 regional banks nationwide. The company arranges collaborative deals such as syndicated loans, FX derivatives, and syndications, building a unique network that functions as a platform provider for regional financial institutions.

Three companies—Shinsei Financial (unsecured card loans, credit guarantee), Aplus (shopping credit, cards, payments), and SBI Shinsei Asset Finance (real estate finance)—handle the retail business, with combined gross operating profit reaching ¥151.2 billion (total for consumer finance) for the full year of FY2025 (ended March 2025). The business structure, which can comprehensively capture diverse retail financial needs, is a strength.

The non-consolidated nonperforming loan ratio as of the end of March 2026 remained at a low level of 0.22% (0.27% in the previous period). The consolidated coverage ratio stood at 123.88%, with reserves built up exceeding the balance of nonperforming loans, while credit-related costs improved to ¥38.2 billion, down ¥8.8 billion from the previous period. This demonstrates appropriate credit management and the accumulation of high-quality assets.

ENVALITH's Perspective

In FY2026 (ending March 2026), the company continued its accelerating growth, with revenue of ¥774,058 million (up 26.1% year on year) and net income of ¥113,415 million (up 34.2% year on year). Meanwhile, on June 15, 2026, a correction was made to the cash flow statement in the financial results summary (operating CF: ¥1,895,839 million → ¥1,914,143 million; investing CF: -¥1,170,988 million → -¥1,189,291 million). The correction involved a reclassification between the "Other" item and proceeds from sales of securities, and there was no change to the cash and cash equivalents balance at period-end of ¥4,623,613 million; however, continued scrutiny of disclosure quality is warranted.

As an external factor, the normalization of the interest rate environment driven by the Bank of Japan's continued rate hikes is providing a tailwind for the expansion of net interest income. As a company-specific initiative, the aggressive loan and deposit acquisition strategy—with corporate operating assets up approximately 35% and deposits up approximately 24% from the previous fiscal year-end—has been successful, and the synergy between the external environment and internal efforts is boosting performance. That said, attention should be paid to the potential impact on earnings should the external factor of interest rate trends change (a pause or reversal in rate hikes).

Consumer Finance (Shinsei Financial and Aplus) serves as a stable revenue source, but it inherently carries the risk of a sharp increase in credit-related expenses during economic downturns. In FY2026 (ending March 2026), net loan growth was high at ¥1,426,388 million, and credit quality management of the rapidly expanded loan portfolio will be a key focus going forward. In addition, trends in credit costs in overseas operations (such as UDC Finance) also warrant close attention.

Growth Strategy

A new Medium-Term Management Plan (FY2025–2027) advancing domestic banking growth, integration with the SBI Group, and normalization of financial structure as an integrated three-pronged initiative

Achieved approximately 35% growth in operating assets for corporate clients and approximately 24% growth in deposits compared to the end of the previous fiscal year. Continuing to leverage the interest rate normalization environment while promoting new customer acquisition through SBI Group collaboration and the regional financial institution network.

Achieved listing on the Prime Market of the Tokyo Stock Exchange in December 2025 (share issuance proceeds of ¥77,014 million) and full repayment of public funds. The removal of financial constraints has expanded lending capacity and realized lower capital costs and improved governance.

Promoting stronger bank-securities collaboration with SBI SECURITIES, leveraging the SBI Group's overseas network, and expanding customer referrals within the group. Aiming to increase asset management revenue through the expansion of the Retail Banking loyalty program and the nationwide rollout of SBI Shinsei Wealth Management to 22 locations across the country.

Promoting aggressive entry into new asset classes such as renewable energy, data centers, and large-scale offshore wind power, expanding gains on PE sales and Credit Trading revenue, and strengthening integration of the overseas corporate business through the Global Finance Department (established in April 2025).

Promoting new customer acquisition through industry-first services such as PayPay collaboration at Shinsei Financial, expanding the auto credit, card, and payment businesses at Aplus, and expanding partner companies for the financial platform BANKIT®.

Last updated: July 19, 2026