SBI Holdings Forms Strategic Alliance with NTT

The latest announcement is out from SBI Holdings ( (JP:8473) ).

SBI Holdings has announced a capital and business alliance with Nippon Telegraph and Telephone Corporation (NTT), including the issuance of new shares to NTT. This strategic alliance aims to enhance customer convenience and business development by leveraging the strengths of both companies in digital technology and financial services. The agreement also involves the privatization of SBI Sumishin Net Bank, an affiliate of SBI Holdings, through a public tender offer by NTT Docomo. The successful completion of this tender offer is crucial for the alliance, as it will influence the relationship between the two groups and the details of the capital and business alliance.

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. is a diversified financial services company engaged in various sectors including Financial Services, Asset Management, Investment, and Crypto-asset businesses. The company also explores Next Gen Business areas such as biotechnology, healthcare, and Web3 technologies.

Average Trading Volume: 1,918,320

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen1244.9B

See more data about 8473 stock on TipRanks’ Stock Analysis page.