Sumitomo Mitsui Financial Group Inc - Company Profile
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Sumitomo Mitsui Financial Group Inc (SMFG) is a financial holding company that offers banking, financing, and asset management solutions. Its portfolio of banking products and related financial offerings includes card products, leasing, consumer finance, payment services, accounts, and deposit services. The company offers other services such as asset and wealth management, settlement, securities, data processing, management consulting, investment banking, and advisory. SMFG operates through a network of branches and representative offices, ATMs, and online portals and serves to individual, corporate, SMEs, and high-net-worth clients. It has an operational presence in Europe, the Middle East, the Americas, and Asia-Pacific. SMFG is headquartered in Tokyo, Japan.
Sumitomo Mitsui Financial Group Inc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Cards | Investment Management |
Deposits | Settlement Services |
Loans: | Risk Hedging Solutions |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Acquisitions/Mergers/Takeovers | In March, the company acquired the remaining 25.1% stake in SMFG India Credit Company Limited. |
2023 | Plans/Strategy | In September, the company announced its plans to acquire 100% stake in Nikko Global Wrap from Sumitomo Mitsui DS Asset Management. |
2023 | Acquisitions/Mergers/Takeovers | In July, the company acquired an additional 20% stake in Rizal Commercial Banking Corporation. |
Competitor Comparison
Key Parameters | Sumitomo Mitsui Financial Group Inc | Mitsubishi UFJ Financial Group Inc | Mizuho Financial Group Inc | Nomura Holdings Inc | Japan Post Bank Co Ltd |
---|---|---|---|---|---|
Headquarters | Japan | Japan | Japan | Japan | Japan |
City | Chiyoda-Ku | Chiyoda-Ku | Chiyoda-Ku | Chuo-ku | Chiyoda-Ku |
State/Province | Tokyo | Tokyo | Tokyo | Tokyo | Tokyo |
No. of Employees | 109,434 | 142,056 | 52,116 | 26,775 | 11,926 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Takeshi Kunibe | Chairman | Executive Board | 2019 | 69 |
Fumihiko Ito | Director; Group Chief Financial Officer; Group Chief Strategy Officer; Senior Managing Executive Officer | Executive Board | 2023 | 56 |
Teiko Kudo | Director; Group Chief Risk Officer; Senior Managing Corporate Executive Officer | Executive Board | 2021 | 59 |
Toru Nakashima | Chief Executive Officer; President | Senior Management | 2023 | 60 |
Jun Uchikawa | Group Chief Information Officer; Senior Managing Corporate Executive Officer | Senior Management | 2022 | 58 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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