SBI : Notice Regarding Submission of an Application for Approval of Deadline Extension for Securities Report for the Fiscal Year Ended March 31, 2022
June 09, 2022 at 09:22 pm EDT
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June 10, 2022
SBI Holdings, Inc.
(TOKYO: 8473)
Notice Regarding Submission of an Application for Approval of Deadline Extension for
Securities Report for the Fiscal Year Ended March 31, 2022
SBI Holdings, Inc. (hereinafter the "Company"), as of today, hereby announces that the Company has decided to submit an application to the Kanto Local Finance Bureau for approval of a deadline extension regarding the submission of the securities report as prescribed in Article 15-2, Paragraph (1) of the Cabinet Office Ordinance on Disclosure of Corporate Information.
1. Target securities report
Securities report for the fiscal year ended March 31, 2022 (April 1, 2021, to March 31, 2022)
Deadline for filing before extension June 30, 2022
Deadline for filing approved for extension July 27, 2022
Reasons for requiring an extension
On December 17, 2021, Shinsei Bank, Limited (hereinafter referred to as "Shinsei Bank") became a consolidated subsidiary of the Company. In accordance with this circumstance, the consolidated balance sheet of Shinsei Bank as of the end of the fiscal year ended March 31, 2022, which adopts Japanese GAAP, for the fiscal year ended March 31, 2022, consolidated statements of income, and consolidated statements of cash flows for January to March 2022 (Shinsei Bank's consolidated financial statements for the fiscal year ended March 31, 2022, were disclosed by the bank on May 13, 2022) should comply to the International Financial Reporting Standards that the Company has adopted. In addition, the Company's consolidated financial statements should be prepared to integrate reciprocally. Due to the time required to complete these processes, the Company disclosed its financial results for the fiscal year ended March 31, 2022, on May 27, 2022.
Moreover, a more detailed disclosure is required in the securities report compared to quarterly reports, considering the need to prepare a large number of explanatory notes to reflect the consolidated financial results of Shinsei Bank, which holds a large amount of various financial instruments. Moreover, the accounting audit of these explanatory notes by the auditing firm is expected to take a considerable amount of time accordingly. Consequently, the Company has decided to apply for approval of a deadline extension regarding the submission of the securities report.
If the application for the deadline extension of securities report is approved, the Company will promptly disclose this information.
SBI Holdings, Inc. Corporate Communications Dept., Tel: +81 3 6229-0126
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SBI Holdings Inc. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 01:21:00 UTC.
SBI Holdings Inc is a Japan-based company mainly engaged in the financial business. The Company operates five business segments. The Financial Services segment engages in various finance related businesses, centered on securities related, banking, and insurance businesses in Japan and overseas. The Asset Management segment is engaged in investment management, including the establishment, offering, and management of investment trusts, investment advisory services, and provision of financial products information. The Investment segment includes investment in domestic and overseas information technology (IT), fintech, blockchain, financial, and biotechnology related venture companies. The Crypto-asset segment provides crypto-asset exchange and trading services. The Non-financial segment is engaged in various businesses such as bio-healthcare & medical informatics business, Web3 related business, renewable energy business, and businesses developing in new overseas markets such as Africa.
SBI HOLDINGS, INC. 
