Press Release

April 1, 2026
SBI Sumishin Net Bank, Ltd.

Announcement of Intra-Group Merger with Profit Cube Co., Ltd.
as the Surviving Company and Change of Trade Name

SBI Sumishin Net Bank, Ltd. (Head Office: Minato-ku, Tokyo; President & CEO: Noriaki Maruyama; henceforth referred to as “SSNB”) hereby announces that its subsidiaries—Profit Cube Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director: Toshiyuki Karasawa; henceforth referred to as “Profit Cube”), NEOBANK Technologies Co., Ltd., which existed prior to the merger (Head Office: Minato-ku, Tokyo; Representative Director: Toshiyuki Karasawa; henceforth referred to as the “Former NEOBANK Technologies”), and Dayta Consulting Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director: Tomoyuki Naomi; henceforth referred to as “Dayta Consulting”)—completed an absorption-type merger effective April 1, 2026, with Profit Cube as the surviving company.
SSNB further announces that, effective the same date, the surviving company, Profit Cube, has changed its trade name to NEOBANK Technologies Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director: Toshiyuki Karasawa; henceforth referred to as the “New NEOBANK Technologies”).

Purpose of the Merger

The purpose of this merger is to integrate three companies—Profit Cube, the Former NEOBANK Technologies, and Dayta Consulting—which are all engaged in system development services and IT solutions, in order to achieve greater economies of scale in management, business operations, and development activities, thereby improving overall operational efficiency.
Going forward, the newly integrated company will combine the products and services of each former entity to develop and deliver new solutions.

Overview of Profit Cube Co., Ltd. (Before the Merger)

Company Name
Profit Cube Co., Ltd.
Head Office
3-2-1 Roppongi, Minato-ku, Tokyo
Date of Establishment
October 17, 2023
Capital
JPY 30 million
Representative
Toshiyuki Karasawa, Representative Director
Business Description
Development, sales, and maintenance of management support systems for financial institutions

Overview of NEOBANK Technologies Co., Ltd.

(the Former NEOBANK Technologies, dissolved as a result of the merger)

Company Name
NEOBANK Technologies Co., Ltd.
Head Office
3-2-1 Roppongi, Minato-ku, Tokyo
Date of Establishment
December 2, 2024
Capital
JPY 100 million
Representative
Toshiyuki Karasawa, Representative Director
Business Description
Financial-related services including the provision of security solutions

Overview of Dayta Consulting Co., Ltd.

Company Name
Dayta Consulting Co., Ltd.
Head Office
3-2-1 Roppongi, Minato-ku, Tokyo
Date of Establishment
May 30, 2019
Capital
JPY 50 million
Representative
Tomoyuki Naomi, Representative Director
Business Description
Financial-related services including AI-based screening and assessment services

Overview of NEOBANK Technologies Co., Ltd.

(the surviving company following the merger, formerly Profit Cube Co., Ltd.)

Company Name
NEOBANK Technologies Co., Ltd.
Head Office
3-2-1 Roppongi, Minato-ku, Tokyo
Date of Establishment
October 17, 2023
Capital
JPY 30 million
Representative
Toshiyuki Karasawa, Representative Director
Business Description
- Development, sales, and maintenance of management support systems for financial institutions
- Provision of security solutions
- Financial-related services including AI-based screening and assessment services
  • ※ Note: The New NEOBANK Technologies is a different legal entity from the Former NEOBANK Technologies, which was dissolved as a result of the absorption-type merger.

About SBI Sumishin Net Bank

SBI Sumishin Net Bank (“SSNB”) is an online bank that was founded in 2007 and became the first Japanese internet bank to be listed on the Tokyo Stock Exchange Standard Market in March 2023. By leveraging the most advanced technology solutions, SSNB offers safe, secure and convenient banking experience to its customers.

In the digital bank business, SSNB has now over 7 million customer accounts with over 9 trillion yen (*1) in deposits. It consistently ranks high in customer satisfaction by recognizing individual needs of different lifestyles and life stages as well as by offering a well-designed user interface and experience.

Its mortgage business, which has built on a unique business model, is the largest among Japanese banks in terms of the amount of newly originated mortgage loans (*2).

SSNB’s NEOBANK® is a full-service BaaS (banking as a service) product offering that enables its brand partners to offer a full range of banking services to their customers. As a pioneer in the sector, it boasts a number of BaaS partnerships with Japan’s leading brands and businesses.

SSNB is vigorously engaged in non-financial activities as well including data initiatives and carbon credit trading in an endeavor to balance business growth with social responsibility.

Moving forward, SSNB will remain committed to embracing corporate social responsibility and sustainable growth as a fintech that goes beyond banking services to realize a society where prosperity and abundance circulate driven by the power of technology and a spirit of fairness.
To learn more about SBI Sumishin Net Bank, please visit: www.netbk.co.jp/contents/company/en/

(*1) The number of deposit accounts is as of February 7, 2024, and the balance of deposits is as of December 11, 2023.
(*2) This statement is base on our research as of March 31, 2023, using data disclosed by multiple domestic banks including Resona Holdings, Sumitomo Mitsui Financial Group, Sumitomo Mitsui Trust Holdings, and Mizuho Financial Group, as well as our own.
(*3) NEOBANK® is a registered trademark of SBI Sumishin Net Bank. The Registered trademark number is 5953666.

Contact

For further information about this press release, please contact:
SBI Sumishin Net Bank, Public Relations
ir_csr_sdgs@netbk.co.jp

Note: This content has been translated from the Japanese original using artificial intelligence (AI) or machine translation technology for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.