SBI Holdings, a major online finance company, announced that it is highly likely that there was an act that violated the law as a result of soliciting a subsidiary that lends funds collected from investors to growth fields.
The amount equivalent to the invested principal will be returned to the investor.
SBI's subsidiary "SBI Social Lending" provides a service that lends money collected from investors through the Internet to growth fields such as solar power generation and returns profits to investors, but this February , Revealed that there is a problem that could hurt investors.
SBI did not explain the details of the problem, but announced on the 2nd that "it is highly possible that the solicitation resulted in an act that violated the law."
Starting next week, we will provide individual guidance to client investors and return the amount equivalent to the invested principal.
Compensation for losses to investors is prohibited in principle by the Financial Instruments and Exchange Act, but we would like to apply the exceptions to the law.
As a result, SBI plans to record a loss of up to approximately 15 billion yen in the fiscal year ending March.
On this issue, a third-party committee set up by the company is investigating the facts and other matters, and the results will be announced later this month.