Since its inception in 1999, the SBIH Group has endeavored to bring about many revolutionary financial services to the Japanese market, empowered by the deregulatory results of the Japanese "Big Bang" and through the utilization of the powerful price destructive power of the Internet. Through the establishment of subsidiaries such as SBI SECURITIES, which has grown to become Japan's leading online securities company, we have successfully introduced many revolutionary products and services to the Japanese marketplace.

Along with a corporate name change in 2005 to SBI Holdings, Inc., the organization transitioned to a pure holding company structure. This change enabled us to establish other related financial operations such as SBI Sumishin Net Bank in September 2007, SBI Nonlife Insurance in January 2008, and SBI AXA Life in April of 2008. With this, we have established a firm foundation for an "Internet Financial Conglomerate", that is unique even on a global basis.

Under this structure, we are positioned to fully utilize the synergies which exist between the various Group companies, that will not only hasten the cultivation of the new businesses, but also provide diversified channels for our new products and services through the assimilation of the Internet and the "real" world. As a "Strategic Business Innovator" we will also endeavor to address the various needs for products and services outside of the finance realm.

In addition, investments into core 21st century growth industries such as biotech, clean energy, alternative energy, and others will be commissioned, along with investments into high growth potential countries in Asia and the Middle East, utilizing our domestically developed financial knowledge and the transference of SBIH's financial ecosystem. Our global operations will be aggressively developed and expanded, so that "Japan's SBIH" will become the "World's SBIH".

SBIH's management and employees will continue to endeavor to contribute to the prosperity of all of our stakeholders through our fundamental customer-centric principle.

For the consumer, the investor and for all people.

January 2009

Yoshitaka Kitao
Representative Director & CEO
SBI Holdings, Inc.