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SBI Holdings ( (JP:8473) ) just unveiled an announcement.
SBI Holdings has announced a significant transaction involving the transfer of its shares in SBI Sumishin Net Bank as part of a privatization effort led by NTT Docomo. This move will see SBI Sumishin Net Bank excluded from SBI Holdings’ equity-method affiliates, although existing business alliances will continue. The transaction is expected to enhance the corporate value of SBI Sumishin Net Bank by leveraging NTT Docomo’s assets, marking a strategic shift in SBI Holdings’ business operations and alliances.
The most recent analyst rating on (JP:8473) stock is a Sell with a Yen3500.00 price target. To see the full list of analyst forecasts on SBI Holdings stock, see the JP:8473 Stock Forecast page.
More about SBI Holdings
SBI Holdings, Inc. operates in the financial services industry, focusing on internet financial services and internet-related businesses. It is known for its innovative online banking solutions through its affiliate, SBI Sumishin Net Bank, and maintains strategic partnerships to enhance its market presence.
Average Trading Volume: 1,918,320
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1244.9B
Learn more about 8473 stock on TipRanks’ Stock Analysis page.