Sumitomo Mitsui Financial Group Inc - Company Profile
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Business Description
Sumitomo Mitsui Financial Group Inc (SMFG) is a provider of commercial banking, leasing, securities, and consumer finance services aimed towards individuals, corporations, SMEs, and high net-worth individuals. The company also offers research services, which includes data system planning, development and outsourcing servicing, and consultancy. As of March 31, 2023, it reported assets of JPY270,428,564 million, total deposits of JPY171,795,808 million, and net loans of JPY97,653,768 million.
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Business Segments
Overview
Offers financial solutions to global businesses including Japanese companies with overseas operations, government agencies, financial institutions, and public corporations. Offers loans, global cash management services, deposits, trade finance, clearing services, loan syndication, derivatives, project finance, M&A advisory services, leasing services, Japanese stockbroking and underwriting activities. Includes international businesses of SMBC, SMBC Nikko Securities, SMBC Trust Bank, SMFL, and their foreign subsidiaries. Has been focusing on bank-securities integration primarily on overseas securities business to further accelerate the company’s growth. Intends to expand its presence in Asia and other new business area
Performance
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Overview
Offers foreign exchange, bonds, derivatives, stocks, and other marketable financial products. Also comprises asset and liability management activities to manage interest rate and balance sheet liquidity risks. Has been working to improve foreign currency funding capabilities while promoting overseas businesses. Intends to improve sales and trading capabilities. Seeks opportunities to optimize its risk-rewards while expanding its product offerings in derivatives, foreign exchange, stock, bond, and other products to enhance customer experience. Strives to improve foreign currency funding capabilities by diversifying funding methods.
Performance
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Overview
Provides a range of deposit services, consumer loans, wealth management, card products, and settlement services, among others to individuals. Comprises the retail operations of SMBC, SMBC Nikko Securities, and SMBC Trust Bank including consumer finance companies, Sumitomo Mitsui Card Co., SMBC Finance Service, and SMBC Consumer Finance.
Performance
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Overview
Offers financing, investment management, settlement and risk hedging solutions to corporate customers in Japan. Also includes financial solutions related to mergers and acquisitions, leasing, and advisory. Includes the operations of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Nikko Securities Inc (SMBC Nikko Securities), SMBC Trust Bank Ltd (SMBC Trust Bank), and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL). Intends to enhance the strengths of sales departments to provide a personalized experience to its clients. Aims at gaining market share in corporate and investment banking in important global markets and establishing itself as a leading wholesale bank in SME and mid-size markets, while controlling its risk-weighted assets.
Performance
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Geographical Segments
Target Markets
The US, Cayman, Canada, Mexico, Colombia, Peru, and Chile.
Performance
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Overview
China, Malaysia, Indonesia, Hong Kong, Taiwan, South-Korea, Australia, Singapore, Thailand, India, Vietnam, the Philippines, Myanmar, and Mongolia.
Performance
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Target Markets
The Netherlands, Ireland, France, Czech Republic, Spain, Italy, the UAE, Turkey, Qatar, Bahrain, South-Africa, Egypt, and Iran.
Performance
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Performance
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