On March 30, 2023, SBI Global Asset Management group (formerly Morningstar Japan KK) ceased use of the Morningstar brand. Morningstar, Inc. further develops its global and independent research, ratings, data, software, indexes, asset management services, and other products for the Japanese market by taking advantage of the Morningstar brand through Ibbotson Associates Japan, Inc., a Morningstar subsidiary currently operating in Japan.