Overview

• Long-Term Credit Bank of Japan was nationalized in 1998 after massive bad debts and recapitalized with over ¥4 trillion before relaunching as Shinsei Bank in 2000
• SBI Holdings’ 2021 takeover bid made Shinsei Bank its subsidiary and paved the way for repurchasing government-held equity
• A March 2025 agreement delivered roughly ¥100 billion in repayments ahead of the final preferred-share buyback
• Share-price stagnation after the Lehman shock and unprofitable business expansions prolonged the state’s remaining ownership
• Now free of public backing, SBI Shinsei Bank is expected to pursue a Tokyo Stock Exchange re-listing by the end of 2025