SBI Global Asset Management to acquire SBI Rheos Hifumi

Effective December 1, 2025, SBI Global Asset Management (SBIGAM) will become the surviving entity, with SBI Rheos Hifumi (RHEOS HIFUMI) ceasing to exist as a separate legal entity. In this all-stock transaction, RHEOS HIFUMI shareholders will receive 0.36 shares of SBIGAM common stock for each RHEOS HIFUMI share held. This strategic merger, approved by both companies' boards on September 30, 2025, aims to consolidate the SBI Group’s asset management operations and enhance profitability.

The merger is pending approval from extraordinary shareholder meetings in late November 2025. Following the merger, RHEOS HIFUMI’s shares will be delisted from the Tokyo Stock Exchange on November 27, 2025, with the final trading day on November 26, 2025. Independent third-party valuations were conducted to ensure fairness for all shareholders.

As a result of the merger, Rheos Capital Works Inc. and Rheos CP I Investment Limited Partnership are expected to become subsidiaries of SBIGAM. SBI Financial Services Co., Ltd. will become a major shareholder of SBIGAM, holding 12.64% of voting rights.