Simplex Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative Director, President and CEO: Hideki Kaneko; hereinafter “Simplex Holdings”), SBI Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative Director, Chairman, President & CEO: Yoshitaka Kitao), and SBI SECURITES Co., Ltd. (Head Office: Minato-ku Tokyo; Representative Director and President: Masato Takamura; hereinafter “SBI SECURITIES”) have established a joint venture “SBI Simplex Solutions Co., Ltd.” on February 28, 2023 based on the Capital and Business Alliance Agreement entered into on January 30, 2023.
The Joint venture is scheduled to commence the development and operation of systems for SBI SECURITIES and other SBI Group companies from around April 2023.
Notice regarding the conclusion of the Capital and Business Alliance Agreement:https://ssl4.eir-parts.net/doc/4373/tdnet/2226226/00.pdf
Overview of SBI Simplex Solutions Co., Ltd.
|Name||SBI Simplex Solutions Co., Ltd.|
|Location||3-1-1 Roppongi, Minato-ku, Tokyo|
|Representatives||Representative Director and President, Kozo Sukema
(Director and Vice President, Simplex Holdings)
Representative Director and Vice President, Hitoshi Asano
(Director and CIO, SBI SECURITIES)
|Line of business||System development and operation for SBI SECURITIES and other SBI Group companies|
|Stated capital||¥100 million|
|Capital reserves||¥100 million|
|Capital contribution ratio||Simplex Holdings: 49%; SBI SECURITIES: 51%|
Comment from Representative Director and President, SBI Simplex Solutions Co., Ltd., Kozo Sukema
Leveraging its deep understanding of clients’ businesses and advanced technology, Simplex has led many clients to success in their projects and services by providing support in all phases and full business cycle coverage from strategic consulting, system design, development to operation and maintenance.
Through the establishment of this new company, we aim to further drive the business growth of not only SBI SECURITIES but also the entire SBI Group as well as to become a leader to help the entire Japanese financial industry take a step forward to the future with the power of technology by bringing together the SBI Group’s innovative business foundation and Simplex’s deep insights and capabilities in both business and technology.