Beginners IPO🔰 New to IPOs? Start here
← Back to the IPO list

SBI Shinsei Bank

SBI新生銀行

TSE Prime ・ Ticker 8303 ・ Listed

Updated

Result on listing day

+9.4%

Offer price

1,450 yen

First traded price

1,586 yen

Selling 100 shares at the first traded price would have produced a gain of 13,600 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2025-12-02 — 2025-12-05
Lottery result
2025-12-08
Listing date
2025-12-17
Cash needed to apply for one lot (100 shares)
about 145,000 yen
Offering size (at the offer price)
370 billion yen ・ 255,300,000 shares
Market capitalisation at listing
1,298 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 親会社2社(保有株の約99%)に180日間

Closing prices after listing

Compared with the first traded price of 1,586 yen.

2025-12-171,623 yen+2.3%
2025-12-181,800 yen+13.5%
2025-12-191,731 yen+9.1%
2025-12-221,721 yen+8.5%
2025-12-231,681 yen+6.0%

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The joint lead underwriters are Nomura Securities, SBI Securities, Mizuho Securities, SMBC Nikko Securities, Daiwa Securities, which receive the largest allocations.

Broker pages are in Japanese. A comparison in English is on the brokers page.

What stands out

  • Net profit attributable to owners of the parent came to 113.4 billion yen for the year to March 2026, above the company's own forecast of 100 billion yen
  • It paid a year-end dividend of 42 yen per share for the year to March 2026
  • It is not only a bank - the group also holds consumer finance businesses such as Lake and Aplus

What could go wrong

  • As a bank, its earnings weaken when a downturn leaves borrowers unable to repay
  • The SBI group remains a major shareholder after listing, so this is a parent-subsidiary listing
  • Consumer finance such as card loans is sensitive to changes in regulation and in interest rates

About the company

A bank in the SBI group that, alongside corporate lending and home loans, also runs consumer finance businesses such as the Lake card loan brand.

How it makes money

Its earnings come mainly from interest on loans and from fees on its services. Beyond the bank itself, which does corporate lending, home loans and deposits, the group includes the Lake card loan business, the Aplus shopping credit business and Showa Leasing, giving it a wider mix of earnings than a bank alone. For the year to March 2026 it reported ordinary income of 774.0 billion yen and net profit attributable to owners of the parent of 113.4 billion yen, both above the previous year.

Where growth is meant to come from

Its medium-term plan for the 2025 to 2027 financial years is themed around building the next generation of finance, and calls for closer ties with the wider SBI group and with regional financial institutions. It names four growth drivers for the next three years - corporate banking and structured finance, home loans, securities investment, and retail banking. In July 2025 it finished repaying the public funds injected after Japan's asset bubble, the last institution to do so.

Read about this company in Japanese →

Figures are taken from the offering documents and public sources, and are checked against two independent sources before publication. Nothing here is investment advice. Shares can and do open below their offer price.