SBI Global Asset Management Co., Ltd. (TSE: 4765) posted quarterly net sales of ¥12.8bn for the three months to June 2026, 4.5 times the ¥2.8bn recorded a year earlier, and operating profit of ¥2.7bn, up 5.2-fold from ¥513.1mn. Ordinary profit rose 3.4-fold to ¥2.7bn and profit attributable to parent shareholders climbed 2.8-fold to ¥1.4bn, from ¥501.1mn. All four lines set first-quarter records.
| Metric | Year-earlier quarter | Latest quarter | Change |
|---|---|---|---|
| Net sales | ¥2.8bn | ¥12.8bn | 4.5x |
| Operating profit | ¥513.1mn | ¥2.7bn | 5.2x |
| Ordinary profit | ¥793.9mn | ¥2.7bn | 3.4x |
| Net profit (parent shareholders) | ¥501.1mn | ¥1.4bn | 2.8x |
The jump is a consolidation story, not an operating one. The current group rests on three fund managers, one of which, SBI Asset Management, was already inside the reporting scope. The other two were not included in the company's consolidation range in the year-earlier April-to-June quarter; they began contributing fully from the fourth quarter of the last fiscal year, which is why the year-on-year comparison looks so extreme. One of the two newly consolidated units is scheduled to add "SBI" to its own name in December 2026.
Group assets under management reached roughly ¥14.0tn at the end of June 2026, up about ¥1.8tn in three months from ¥12.2tn at the end of March. SBI Asset Management's own AUM grew 34.8 percent year-on-year, the second subsidiary's grew 53.5 percent, and the third grew 26.1 percent. On the Investment Trusts Association's tally of total net assets by manager as of end-June 2026, the group ranked ninth domestically, a single snapshot rather than a settled industry position. Expanding consolidation also lifted operating margin to 20.8 percent from 18.0 percent, and per-share profit rose to ¥10.06 from ¥5.59 even after the share count grew roughly 50 percent from merger-related issuance. Full-year guidance remains undecided; the company says volatile financial markets make a reliable forecast too difficult to produce.