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SBI Holdings Q1 net profit surges 75% to ¥148 billion, a record

SBI Holdings Q1 net profit surges 75% to ¥148 billion, a record

Record April-June earnings highlighted the group's large Ripple stake, while management said the crypto business remained weak and pointed to expansion through stablecoin services, Bitbank, the Canton Network and a new crypto fund.

BTC
XRP

Fact Check
All elements of the claim are corroborated. BigGo Finance and CoinGape confirm SBI Holdings' record Q1 FY2026 (April-June) net profit of ¥148 billion, up 75% YoY. The large Ripple stake (¥6.6 trillion / $41.2B) is reaffirmed across CoinGape and crypto.news. The weak crypto business is documented by the ¥1.4B crypto-segment pretax loss. Expansion themes—JPYSC stablecoin services, the Bitbank acquisition, the Canton Network unit, and a new ¥3B crypto fund (with Gumi and Daiwa)—are confirmed by crypto.news and CoinGape, with the Bitbank and Canton Network plans further corroborated by SBI's own official investor presentation. A minor discrepancy exists in the reported YoY growth rate (75% per BigGo/CoinGape headline vs. 149.9% net-profit figure noted in some reports), likely reflecting different profit metrics, but the ¥148 billion figure and 'record' characterization are consistent throughout.
Summary

SBI Holdings said consolidated net profit attributable to owners of the parent for the April-June quarter of fiscal 2026 under IFRS rose 75% from a year earlier to ¥148 billion, marking a record for the period, while revenue increased 29% to ¥571 billion. The company said profit before tax reached ¥225.8 billion and described the quarter as its strongest first quarter on record, with return on equity at 29%, above its medium-term target of 15%. During the earnings presentation, SBI said its crypto asset business remained sluggish and posted a ¥1.4 billion pretax loss, though global crypto market maker B2C2 was profitable. It also said its Ripple shareholding alone was worth ¥6.6 trillion, or about $41.2 billion, indicating it continues to view the investment as strategic despite weaker XRP prices. SBI linked some of the subdued market backdrop to uncertainty around the CLARITY Act in the United States, a market structure bill that could clarify oversight of digital assets between the Securities and Exchange Commission and Commodity Futures Trading Commission. Senator Cynthia Lummis said a Senate vote could still take place before the August recess, though competing legislative priorities and procedural hurdles leave timing uncertain. The group is also broadening its digital-asset footprint beyond Ripple and the XRP Ledger. SBI said it is expanding domestically through crypto lending, stablecoin-related services and its planned acquisition of Bitbank, which it expects to lift crypto accounts to about 3 million and assets under custody to roughly ¥870 billion. It has also restructured a wholly owned subsidiary to focus on the Canton Network and launched SBI Crypto Fund I with roughly ¥3 billion in committed capital to invest mainly in Bitcoin and major listed altcoins.

Terms & Concepts
  • CLARITY Act: A proposed U.S. market structure bill intended to define regulatory oversight for digital assets.
  • stablecoin: A digital token designed to maintain a stable value, typically by linking it to a fiat currency or reserve asset.
  • assets under custody: Client assets a firm holds or administers on behalf of customers.