<p>SBI 控股（JP:8473）已召开其第四季度财报电话会议。请继续阅读会议的主要亮点。</p>
<h3>在 TipRanks 上享受 55% 的折扣</h3>
<ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级为市场领先者的投资组合，使用智能投资者精选</li>
</ul>
<p>SBI 控股最新的财报电话会议描绘了一个总体乐观的局面，管理层强调了创纪录的收入和核心业务利润的显著增长。尽管在新业务和保险相关业务中出现了一些疲软，但高管们表现出自信，强调战略投资和国际扩张已经开始带来更强的回报和更为多元化的收益基础。</p>
<h2>创纪录的收入和利润激增</h2>
<p>SBI 控股报告 2024 财年收入为 1,443,733 百万日元，同比增长 19.3%，使集团达到新高。税前收入几乎翻倍，达到 282,290 百万日元，净收入跃升 66.5%，达到 189,158 百万日元，股本回报率上升至 12.8%，轻松超过公司 10% 的目标，表明资本使用效率提高。</p>
<h2>金融服务和资产管理驱动核心实力</h2>
<p>金融服务业务依然是强劲的动力，创造了约 1.2 万亿日元的收入，利润增长超过 30%，凸显了集团银行和证券平台的韧性。资产管理也实现了稳定增长，收入增长 12.5%，达到 50 亿日元，显示出基于费用的收入正在成为整体利润结构中更有意义的支持。</p>
<h2>加密资产业务创下新高</h2>
<p>加密资产部门的表现突出，收入达到 80,797 百万日元，税前收入激增 151.8%，达到 21,220 百万日元，创下该部门的历史最佳表现。管理层强调，强劲的交易量和不断扩大的客户基础是关键驱动因素，说明数字资产已经从边缘业务演变为对集团收益的重要贡献者。</p>
<h2>国际扩张提升银行收益</h2>
<p>SBI 新生银行的国际化努力继续取得成效，收入增长 11%，普通利润超过 1000 亿日元，增长 27%。税前收入增长 58%，归属于所有者的净利润上升 45%，凸显海外业务正在稳步增强集团的利润结构，减少对国内市场的依赖。</p>
<h2>深化数字和加密领域的布局</h2>
<p>除了纯交易外，SBI 还在更广泛的数字资产产品和基础设施上进行投资，旨在确保在新兴数字金融生态系统中的长期定位。公司强调，加密交易中客户采用率的上升，加上各业务之间数字技术的整合，应该有助于在市场周期波动的情况下维持增长。</p>
<h2>30 周年的雄心勃勃的增长目标</h2>
<p>展望 30 周年，SBI 的目标是拥有 1 亿客户和 5000 亿日元的合并税前利润，几乎是当前水平的两倍。管理层还计划将海外业务在总利润中的占比从 17% 提升至 30%，这表明公司战略上向更大的全球多元化和规模转型。</p>
<h2>下一代业务仍处于投资阶段</h2>
<p>下一代业务实现了创纪录的收入，但在税前层面仍处于亏损状态，反映出在 Web3 等新兴领域的重投入。高管们将这些亏损视为长期战略的一部分，认为在新技术中建立早期能力对未来增长至关重要，即使短期内对合并利润率造成压力。</p>
<h2>保险收益受一次性因素影响</h2>
<p>与其他部门相比，保险业务的税前收入下降了 9.7%，主要是由于与过去资产销售相关的特殊因素，而非持续运营。虽然这并不是结构性崩溃，但较弱的结果显示保险在集团内仍然是相对脆弱的贡献者，投资者可能会关注稳定或重组的迹象。</p>
<h2>高关税挑战东南亚战略</h2>
<p>SBI 指出，越南和柬埔寨等市场的高关税率，实际税率接近或超过中 40% 的水平，给盈利能力和资本配置带来了复杂性。这些条件可能会减缓扩张速度，或需要更具选择性的增长，因为公司在快速增长的经济吸引力与沉重的税负之间进行平衡。</p>
<h2>指引显示持续增长势头</h2>
<p>管理层的指引有效地重申了近期的轨迹，最新财年的 19.3% 收入增长和税前收入几乎翻倍为未来目标奠定了基础。公司依靠数字技术、联盟以及 31.7% 的分红支付率，计划提高至 140 日元，以保持投资者的参与，同时朝着 5000 亿日元利润和 1 亿客户的目标努力。</p>
<p>SBI 控股的财报电话会议最终强调了公司从一个以国内为中心的金融参与者转变为一个多元化、技术驱动的集团，国际曝光率不断上升。创纪录的利润、强大的核心业务和蓬勃发展的加密业务抵消了下一代和保险业务的弱点，给投资者留下了一个总体积极的故事和未来几年需要关注的明确里程碑。</p>

8473

<p>SBI 控股在其第四季度财报电话会议中报告了创纪录的利润，2024 财年的收入增长了 19.3%，达到 1.44 万亿日元，税前收入几乎翻倍。金融服务和资产管理部门推动了核心实力，而加密资产部门的税前收入增长了 151.8%。尽管在保险领域面临挑战以及东南亚的高关税，管理层仍然保持乐观，目标是在其 30 周年之际实现 5000 亿日元的利润和 1 亿客户</p>

<p>SBI Holdings ((JP:8473)) has held its Q4 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>SBI 控股（JP:8473）已召开其第四季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 55% Off TipRanks</h3>
<div class="lb-trans"><h3>在 TipRanks 上享受 55% 的折扣</h3>
</div><ul>
<li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions</li>
<li>Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks</li>
</ul>
<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级为市场领先者的投资组合，使用智能投资者精选</li>
</ul>
</div><p>SBI Holdings’ latest earnings call painted a broadly upbeat picture, with management emphasizing record-breaking revenue and sharply higher profits across core franchises. While pockets of weakness emerged in newer and insurance-related operations, executives struck a confident tone, underscoring that strategic investments and international expansion are already feeding into stronger returns and a more diversified earnings base.</p>
<div class="lb-trans"><p>SBI 控股最新的财报电话会议描绘了一个总体乐观的局面，管理层强调了创纪录的收入和核心业务利润的显著增长。尽管在新业务和保险相关业务中出现了一些疲软，但高管们表现出自信，强调战略投资和国际扩张已经开始带来更强的回报和更为多元化的收益基础。</p>
</div><h2>Record-Breaking Revenue and Profit Surge</h2>
<div class="lb-trans"><h2>创纪录的收入和利润激增</h2>
</div><p>SBI Holdings reported fiscal 2024 revenue of ¥1,443,733 million, a 19.3% year-on-year increase that pushed the group to new highs. Pre-tax income nearly doubled to ¥282,290 million, net income jumped 66.5% to ¥189,158 million, and return on equity climbed to 12.8%, comfortably beating the company’s 10% target and signaling more efficient use of capital.</p>
<div class="lb-trans"><p>SBI 控股报告 2024 财年收入为 1,443,733 百万日元，同比增长 19.3%，使集团达到新高。税前收入几乎翻倍，达到 282,290 百万日元，净收入跃升 66.5%，达到 189,158 百万日元，股本回报率上升至 12.8%，轻松超过公司 10% 的目标，表明资本使用效率提高。</p>
</div><h2>Financial Services and Asset Management Drive Core Strength</h2>
<div class="lb-trans"><h2>金融服务和资产管理驱动核心实力</h2>
</div><p>The Financial Services Business remained the powerhouse, generating about ¥1.2 trillion in revenue and lifting profits by more than 30%, underscoring the resilience of the group’s banking and securities platforms. Asset Management also delivered steady gains, with income up 12.5% to ¥5 billion, showing that fee-based earnings are becoming a more meaningful support to the overall profit mix.</p>
<div class="lb-trans"><p>金融服务业务依然是强劲的动力，创造了约 1.2 万亿日元的收入，利润增长超过 30%，凸显了集团银行和证券平台的韧性。资产管理也实现了稳定增长，收入增长 12.5%，达到 50 亿日元，显示出基于费用的收入正在成为整体利润结构中更有意义的支持。</p>
</div><h2>Crypto-Asset Business Hits New Highs</h2>
<div class="lb-trans"><h2>加密资产业务创下新高</h2>
</div><p>The Crypto-Asset segment posted standout numbers, with revenue reaching ¥80,797 million and pre-tax income soaring 151.8% to ¥21,220 million, marking a record performance for the unit. Management highlighted robust trading volumes and an expanding client base as key drivers, illustrating how digital assets have evolved from a peripheral venture into a material contributor to group earnings.</p>
<div class="lb-trans"><p>加密资产部门的表现突出，收入达到 80,797 百万日元，税前收入激增 151.8%，达到 21,220 百万日元，创下该部门的历史最佳表现。管理层强调，强劲的交易量和不断扩大的客户基础是关键驱动因素，说明数字资产已经从边缘业务演变为对集团收益的重要贡献者。</p>
</div><h2>International Expansion Boosts Bank Earnings</h2>
<div class="lb-trans"><h2>国际扩张提升银行收益</h2>
</div><p>SBI Shinsei Bank’s international push continued to pay off, with revenue up 11% and ordinary profit surpassing ¥100 billion, a 27% increase. Pre-tax income grew 58% and net profit attributable to owners rose 45%, underscoring how overseas operations are steadily strengthening the group’s profit profile and reducing reliance on domestic markets.</p>
<div class="lb-trans"><p>SBI 新生银行的国际化努力继续取得成效，收入增长 11%，普通利润超过 1000 亿日元，增长 27%。税前收入增长 58%，归属于所有者的净利润上升 45%，凸显海外业务正在稳步增强集团的利润结构，减少对国内市场的依赖。</p>
</div><h2>Deepening Footprint in Digital and Crypto Space</h2>
<div class="lb-trans"><h2>深化数字和加密领域的布局</h2>
</div><p>Beyond pure trading, SBI is investing in a broader suite of digital asset products and infrastructure, aiming to secure long-term positioning in the emerging digital finance ecosystem. The company stressed that rising customer adoption in crypto trading, combined with digital technology integration across businesses, should help sustain growth even as market cycles remain volatile.</p>
<div class="lb-trans"><p>除了纯交易外，SBI 还在更广泛的数字资产产品和基础设施上进行投资，旨在确保在新兴数字金融生态系统中的长期定位。公司强调，加密交易中客户采用率的上升，加上各业务之间数字技术的整合，应该有助于在市场周期波动的情况下维持增长。</p>
</div><h2>Ambitious Growth Targets for the 30th Anniversary</h2>
<div class="lb-trans"><h2>30 周年的雄心勃勃的增长目标</h2>
</div><p>Looking ahead to its 30th anniversary, SBI is targeting a customer base of 100 million and consolidated profit before income tax of ¥500 billion, roughly doubling current levels. Management also plans to lift the share of overseas business in total profit from 17% to 30%, signaling a strategic pivot toward greater global diversification and scale.</p>
<div class="lb-trans"><p>展望 30 周年，SBI 的目标是拥有 1 亿客户和 5000 亿日元的合并税前利润，几乎是当前水平的两倍。管理层还计划将海外业务在总利润中的占比从 17% 提升至 30%，这表明公司战略上向更大的全球多元化和规模转型。</p>
</div><h2>Next Gen Business Still in Investment Phase</h2>
<div class="lb-trans"><h2>下一代业务仍处于投资阶段</h2>
</div><p>The Next Gen business delivered record revenue but remained loss-making at the pre-tax line, reflecting heavy upfront investment in emerging areas such as Web3. Executives framed these losses as part of a longer-term strategy, arguing that building early capabilities in new technologies is essential to future growth, even if the near-term drag weighs on consolidated margins.</p>
<div class="lb-trans"><p>下一代业务实现了创纪录的收入，但在税前层面仍处于亏损状态，反映出在 Web3 等新兴领域的重投入。高管们将这些亏损视为长期战略的一部分，认为在新技术中建立早期能力对未来增长至关重要，即使短期内对合并利润率造成压力。</p>
</div><h2>Insurance Earnings Hit by One-Off Factors</h2>
<div class="lb-trans"><h2>保险收益受一次性因素影响</h2>
</div><p>In contrast to other segments, the Insurance business saw pre-tax income decline 9.7%, largely due to special factors tied to past asset sales rather than ongoing operations. While not a structural collapse, the weaker result shows that insurance remains a relatively fragile contributor within the group, and investors may watch for signs of stabilization or restructuring.</p>
<div class="lb-trans"><p>与其他部门相比，保险业务的税前收入下降了 9.7%，主要是由于与过去资产销售相关的特殊因素，而非持续运营。虽然这并不是结构性崩溃，但较弱的结果显示保险在集团内仍然是相对脆弱的贡献者，投资者可能会关注稳定或重组的迹象。</p>
</div><h2>High Tariffs Challenge Southeast Asia Strategy</h2>
<div class="lb-trans"><h2>高关税挑战东南亚战略</h2>
</div><p>SBI flagged high tariff rates in markets like Vietnam and Cambodia, where effective rates near or above the mid-40% range complicate profitability and capital allocation. These conditions could slow the pace of expansion or require more selective growth, as the company balances the appeal of fast-growing economies against the drag of heavy tax burdens.</p>
<div class="lb-trans"><p>SBI 指出，越南和柬埔寨等市场的高关税率，实际税率接近或超过中 40% 的水平，给盈利能力和资本配置带来了复杂性。这些条件可能会减缓扩张速度，或需要更具选择性的增长，因为公司在快速增长的经济吸引力与沉重的税负之间进行平衡。</p>
</div><h2>Guidance Points to Continued Growth Momentum</h2>
<div class="lb-trans"><h2>指引显示持续增长势头</h2>
</div><p>Management’s guidance effectively reaffirms the recent trajectory, with the latest fiscal year’s 19.3% revenue rise and near-doubling of pre-tax income serving as the base for future targets. The company is leaning on digital technology, alliances and a 31.7% payout ratio with a higher dividend of ¥140 to keep investors engaged while it works toward its ¥500 billion profit and 100 million customer goals.</p>
<div class="lb-trans"><p>管理层的指引有效地重申了近期的轨迹，最新财年的 19.3% 收入增长和税前收入几乎翻倍为未来目标奠定了基础。公司依靠数字技术、联盟以及 31.7% 的分红支付率，计划提高至 140 日元，以保持投资者的参与，同时朝着 5000 亿日元利润和 1 亿客户的目标努力。</p>
</div><p>SBI Holdings’ earnings call ultimately underscored a company in transition from a domestically focused financial player to a diversified, tech-enabled group with rising international exposure. Record profits, a strong core franchise and booming crypto operations offset weaknesses in Next Gen and insurance, leaving investors with a broadly positive story and clear milestones to watch in the years ahead.</p>
<div class="lb-trans"><p>SBI 控股的财报电话会议最终强调了公司从一个以国内为中心的金融参与者转变为一个多元化、技术驱动的集团，国际曝光率不断上升。创纪录的利润、强大的核心业务和蓬勃发展的加密业务抵消了下一代和保险业务的弱点，给投资者留下了一个总体积极的故事和未来几年需要关注的明确里程碑。</p>
</div>

SBI 控股公司在财报电话会议中指出创纪录的利润