SBI Financial Services Co., Ltd., subsidiary of SBI Holdings, Inc., will acquire additional shares of Double Standard and therefore, Double Standard will become a subsidiary of SBI Holdings.
The SBI financial services entered into a capital and business alliance agreement with the Double Standard on December 26, 2019 and, as of March 31, 2025, held 2,662,500 shares of the double standard (representing 19.73%voting index).
As part of its efforts to further enhance cooperation through the deepening of the capital and the business alliance, SBI Financial Services has decided to obtain an additional 55,000 shares through market trading. After acquiring, the SBI Group’s voting rights index will increase to 20.13%and the Double Standard is planned to become a company subsidiary.
Double Standard creates and provides large business data by utilizing data cleaning technology. Using expertise that accumulates through partnerships with various companies in the process of creating data, dual standard features as a design and development provider that creates new services with corporate customers. Inside the SBI group, the Double Standard, mainly through SBI Securites Co., Ltd., has delivered a variety of solutions by supporting the growth and operation of business systems for group companies.