State Street Investment Management and SBI Holdings to Join Forces to Expand Index Investing in Japan

BOSTON and JAPAN, May 1, 2026 - State Street Investment Management today announced it has signed a non-binding memorandum of understanding with SBI Holdings, Inc ("SBI Group") to establish a joint venture designed to broaden access to index investment solutions for investors in Japan.

Through the joint venture to be established, State Street Investment Management and the SBI Group will be dedicated to collaborating strategically to develop next-generation wealth management investment solutions. This partnership will combine State Street Investment Management's global leadership in index investment with the SBI Group's strong domestic distribution capabilities in Japan.

"Partnership and innovation are at the heart of our ethos," said Yie-Hsin Hung, chief executive officer of State Street Investment Management. "SBI is a leading internet-based financial services group in Japan, and through its growing digital wealth platform, this partnership broadens access to our investment capabilities. The collaboration reflects our shared goal of delivering cost-effective investment solutions as Japan's investment landscape evolves, reinforcing our long-term commitment to institutional, intermediary and retail investors."

Japan is a strategically important market for State Street Investment Management, where the firm has operated for more than 25 years. The joint venture with the SBI Group reflects a shared long-term commitment to supporting Japanese investors as the market continues its structural shift from savings to investment.

State Street Investment Management manages US$5.6 trillion^*, with the majority invested in indexed assets and backed by more than four decades of index investing experience.

About State Street Investment Management

At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With US$5.6 trillion in assets managed*, clients in 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go.

*This figure is presented as of March 31, 2026 and includes ETF AUM of $1,940.32 billion USD of which approximately $184.18 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.

About the SBI Group

Founded in 1999, the SBI Group is a comprehensive internet financial group that expands Financial Services Business, centering on banking, securities, and insurance, as the pioneer of internet-based financial services in Japan. The Group is committed to providing lower-cost and highly convenient products and services through the internet. In addition to its core financial services operations, the SBI Group also engages in Asset Management Business, Private Equity Investment Business, Crypto-asset Business, and Next Gen Business on a global scale.

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Japan: State Street Global Advisors (Japan) Co., Ltd., Toranomon Hills Mori Tower 25F 1-23-1 Toranomon, Minato-ku, Tokyo 105-6325 Japan. T: +81-3-4530-7380. Financial Instruments Business Operator, Kanto Local Financial Bureau (Kinsho #345), Membership: Investment Management Association of Japan, Japan Securities Dealers Association.

8901550.1.1.GBL.RTL

Exp. Date: 30/4/2027

© 2026 State Street Corporation

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