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SBI Global Asset Management to Acquire SBI Okasan AM as Subsidiary

Story Highlights
  • SBI Global Asset Management aims to centralize asset management within the SBI Group.
  • The conversion of SBI Okasan AM to a subsidiary will enhance collaboration and synergy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SBI Global Asset Management to Acquire SBI Okasan AM as Subsidiary

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Morningstar Japan K.K. ( (JP:4765) ) has provided an announcement.

SBI Global Asset Management Co., Ltd. announced its plan to convert SBI Okasan Asset Management Co., Ltd. into a subsidiary through a partial share exchange. This strategic move is intended to centralize the management of the asset management business within the SBI Group, fostering greater business collaboration and synergy creation, while maintaining cooperation with the Okasan Securities Group.

The most recent analyst rating on (JP:4765) stock is a Hold with a Yen687.00 price target. To see the full list of analyst forecasts on Morningstar Japan K.K. stock, see the JP:4765 Stock Forecast page.

More about Morningstar Japan K.K.

SBI Global Asset Management Co., Ltd. is a core company within the SBI Group, which focuses on asset management as one of its five main business areas. The company aims to enhance its customer-centric approach by achieving efficient and flexible business operations, targeting 20 trillion yen in assets under management by March 2028.

Average Trading Volume: 99,647

Technical Sentiment Signal: Buy

Current Market Cap: Yen57.75B

Learn more about 4765 stock on TipRanks’ Stock Analysis page.

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