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The latest announcement is out from SBI Holdings ( (JP:8473) ).
SBI Holdings has obtained the required approvals from South Korean financial authorities to proceed with its planned acquisition of shares in Seoul-based Kyobo Life Insurance Co., Ltd. from multiple existing shareholders, paving the way for Kyobo Life to become an equity-method affiliate of the Japanese group. The transaction is expected to generate a gain on negative goodwill for SBI Holdings, with the final amount to be determined based on Kyobo Life’s consolidated financial statements at the time the deal closes, underscoring SBI’s strategic push into the South Korean insurance market and its potential positive impact on the company’s financial results and regional insurance business portfolio.
The most recent analyst rating on (JP:8473) stock is a Buy with a Yen3679.00 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 Japan-based financial services group listed on the Tokyo Stock Exchange (TOKYO: 8473), with operations spanning banking, securities, insurance and related financial businesses across Asia. The company has been actively expanding its presence in overseas financial markets, particularly in high-growth sectors and geographies, to strengthen its regional footprint and diversify earnings.
Average Trading Volume: 6,150,191
Technical Sentiment Signal: Buy
Current Market Cap: Yen2140.5B
See more insights into 8473 stock on TipRanks’ Stock Analysis page.