Sumitomo Mitsui Trust considers up to ¥380 billion digital investment

Sumitomo Mitsui Trust is considering up to ¥380 billion in digital investments. The bank also plans to spend ¥30 billion on operational optimization and reposition around 900 employees into client-facing roles.

The bank has not yet disclosed specifics of the digital investments but the moves appear aimed at improving efficiency and customer service. The ¥30 billion for operational optimization is slated for internal process reviews. Repositioning around 900 employees is intended to strengthen direct client-facing roles.

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Illustration of SBI Group acquiring Coinhako crypto exchange with executives shaking hands amid blockchain and Asia skyline elements.
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SBI Group acquires majority stake in Coinhako

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Japan's SBI Group has acquired a majority stake in Singapore-based crypto exchange Coinhako. The deal, announced on Friday after regulatory approval, forms part of a broader strategy to build a cross-border digital asset network across Asia.

SBI Securities and Rakuten Securities are developing crypto investment trusts in-house. Nomura, Daiwa and SMBC plan to follow suit as Japan prepares rules allowing crypto-holding funds by 2028.

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Three of Japan's biggest banks announced plans to jointly issue a stablecoin by March 2027. MUFG, SMBC and Mizuho will form a council to develop the necessary frameworks.

More than 15 firms submitted bids last month for Sankei Building, with several offers exceeding 1 trillion yen.

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Sanae Takaichi is considering a new quota for growth investment covering 17 areas including artificial intelligence and semiconductors.

Seven & i Holdings has increased its operating profit forecast for the current fiscal year. The company now expects 425 billion yen in operating profit through February 2027.

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