Type Public Area served Worldwide Number of employees 62,379 (2011) Key person Koichi Miyata | ISIN JP3890350006 Total assets 9.753 trillion JPY (2015) Founded 2 December 2002 | |
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Traded as TYO: 8316
NSE: 83160
NYSE: SMFG
TOPIX Core 30 Component Industry Banking, Financial services Key people Koichi Miyata (President) Stock price 8316 (TYO) JP¥ 4,116 +4.00 (+0.10%)31 Mar, 1:07 PM GMT+9 - Disclaimer Headquarters Chiyoda, Tokyo, Tokyo, Japan Subsidiaries Sumitomo Mitsui Banking Corporation | ||
Sumitomo mitsui financial group
Sumitomo Mitsui Financial Group, Inc. (SMFG; 株式会社三井住友フィナンシャルグループ, Kabushiki kaisha mitsui sumitomo finansharu gurūpu) is a Japanese bank holding / financial services company established by Sumitomo Mitsui Banking Corporation, which is the second largest bank in Japan by market value (as of Nov 2009).
Contents
- Sumitomo mitsui financial group
- 1 nov 2010 sumitomo mitsui financial group opening bell
- Group companies
- December 2002
- February 2003
- June 2004
- April 2005
- September 2006
- October 2006
- May 2009
- January 2012
- September 2014
- December 2014
- April 2016
- References
It holds assets of around US $1.8 trillion and is one of the largest financial institutions in the world.
1 nov 2010 sumitomo mitsui financial group opening bell
Group companies
December 2002
Sumitomo Mitsui Financial Group, Inc. (SMFG) is established through a share transfer from Sumitomo Mitsui Banking Corporation. SMFG's shares become listed on the first section of the Tokyo Stock Exchange, the Osaka Securities Exchange and the Nagoya Stock Exchange.
February 2003
Sumitomo Mitsui Card Company, Limited, SMBC Leasing Company, Limited, and The Japan Research Institute became wholly owned subsidiaries of SMFG.
June 2004
SMFG reached an agreement to form a strategic alliance with Promise Co., Ltd. on consumer finance business. The two firms started collaborative business in April 2005.
April 2005
SMFG reached an agreement to form a strategic alliance with NTT DoCoMo on credit card business. A portion of the shares of Sumitomo Mitsui Card held by SMFG were transferred to NTT DoCoMo, and Sumitomo Mitsui Card issued new shares and allocated them to NTT DoCoMo by means of third party allocation in July 2005. Collaborative business began in December 2005.
September 2006
SMBC Friend Securities became a wholly owned subsidiary of SMFG.
October 2006
SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses.
May 2009
SMFG acquires Nikko Cordial, a brokerage, from Citigroup.
January 2012
The company has agreed to buy Royal Bank of Scotland Group Plc's aircraft leasing division for $7.3 billion in the world's biggest acquisition of a leasing business as of January 2012.
September 2014
It raises profit estimate.
December 2014
Sumitomo announced that they would acquire Citigroup’s Japanese consumer banking business for a fee of around $334 million.
April 2016
Sumitomo Mitsui Finance and Leasing completed the acquisition of General Electric Group's leasing business in Japan.