- SBI Holdings reported a 2Q net income of 12.62 billion yen, falling short of the estimated 19.73 billion yen.
- The company has signed a capital and business alliance agreement with Mynavi.
- SBI Group has acquired 10.59% of the total outstanding shares of Mynavi.
- The cumulative operating results for the second quarter showed a revenue of 574,825 million yen, marking a 28.3% increase compared to the same period last year.
- The profit before tax was 70,241 million yen, reflecting a 31.8% increase compared to the same period last year.
- The quarterly profit attributable to owners of the parent company amounted to 37,088 million yen, showing a significant 360.8% increase.
- Current stock ratings for the company stand at 4 buys, 3 holds, and 0 sells.
SBI Holdings on Smartkarma
SBI Holdings, an alternative financial company, has seen strong earnings from its mainstay securities business as well as its affiliates. According to Daniel Tabbush, an independent analyst on Smartkarma, the company has “excellent” growth in earnings and in the number of new accounts across many businesses. He is bullish on the company, noting that its two banks in Japan are doing well and growing faster than others.
The research report published by Tabbush on Smartkarma highlights that SBI Holdings is a company worth looking into, as its profit momentum is strong. He notes that the company may not be easy to analyze due to its many pages of affiliates, but the potential rewards may be worth the effort.
A look at SBI Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SBI Holdings, Inc. has been given high ratings in terms of its value, dividend, and momentum by the Smartkarma Smart Scores. The company, which mainly invests in Internet related venture companies and provides brokerage, investment banking, and financial services, has a 4/5 rating for value and 5/5 for dividend and momentum. Its growth and resilience scores have been rated at 3/5.
This suggests that SBI Holdings, Inc. is likely to remain a strong player in the market in the long term. It is likely to maintain its dividend and momentum, while its value and resilience may require some improvement. Overall, the company is well-positioned for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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