TOKYO, Apr 27 (Pulse News Wire) – SBI Holdings,inc. (8473.T) reported a negative goodwill gain of approximately ¥67.40 billion in its consolidated fourth quarter earnings for the fiscal year ending March 2026.
This gain resulted from the completion of the acquisition of shares in Korea JoongAng Life Insurance Co., Ltd. on January 16, 2026. In previous disclosures dated April 17, 2025 and December 19, 2025, SBI Holdings had announced plans to acquire shares in Korea JoongAng Life Insurance and obtain regulatory approval from Korean authorities.
Following the acquisition, Korea JoongAng Life Insurance became a subsidiary subject to equity method accounting for SBI Holdings. The negative goodwill gain will be recognized as investment income under the equity method in the company’s consolidated financial statements for the fourth quarter of the fiscal year ending March 2026. This adjustment reflects the fair value adjustments associated with the acquisition.
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