Sumitomo Mitsui Financial Group
From Wikipedia, the free encyclopedia
| Sumitomo Mitsui Financial Group | |
|---|---|
 |
|
| Type | Public (TYO: 8316) |
| Founded | 2002 |
| Headquarters | Tokyo, Japan |
| Key people | Teisuke Kitayama : President |
| Industry | Financial Services |
| Employees | 20,322 (consolidated) (2005) |
| Subsidiaries | Sumitomo Mitsui Banking Corporation |
| Website | http://www.smfg.co.jp/ |
Sumitomo Mitsui Financial Group (株式会社三井住友フィナンシャルグループ Kabushiki-gaisha Mitsui Sumitomo Finansharu Gurūpu?) (TYO: 8316), or SMFG, is a Japanese financial group, the third largest bank in Japan.
It holds an asset of around US $1.3 trillion and is one of the largest companies of the Sumitomo Group.
Contents |
[edit] Group companies
- Sumitomo Mitsui Banking Corporation
- Sumitomo Mitsui Card Company. Limited
- SMBC Leasing Company. Limited
- The Japan Research Institute. Limited
- SMBC Friend Securities Co., Ltd.
- Daiwa SB Investments Ltd.
- Daiwa Securities SMBC Co., Ltd.
[edit] History
[edit] 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.
[edit] February 2003
Sumitomo Mitsui Card Company, Limited, SMBC Leasing Company, Limited, and The Japan Research Institute became wholly-owned subsidiaries of SMFG.
[edit] 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.
[edit] 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.
[edit] September 2006
SMBC Friend Securities became a wholly-owned subsidiary of SMFG.
[edit] October 2006
SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses.
[edit] Shareholders
Principal Shareholders (as of March 31, 2005);
- Japan Trustee Services Bank, Ltd. (Trust Account): 6.99%
- The Master Trust Bank of Japan, Ltd. (Trust account): 6.88%
- Nippon Life Insurance Company: 2.46%
- Sumitomo Life Insurance Company: 1.72%
- Matsushita Electric Industrial Co., Ltd.: 1.65%
- Hero & Company (Standing agent: SMBC Global Investor Services Dept., International Banking Unit): 1.45%
- The Chase Manhattan Bank N.A. London (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 1.43%
- Japan Trustee Services Bank, Ltd. (The Sumitomo Trust and Banking Company Retrust Portion, Sumitomo Life Insurance Company Pension Trust): 0.92%
- Toyota Motor Corporation: 0.85%
- Trust & Custody Services Bank, Ltd. (Trust Account B): 0.82%
- State Street Bank and Trust Company (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.79%
- The Sumitomo Trust & Banking Co., Ltd. (Trust Account B): 0.74%
- The Mitsubishi Trust and Banking Corporation (Trust Account): 0.69%
- Japan Trustee Services Bank, Ltd. (Trust Account No. 4): 0.65%
- The Chase Manhattan Bank 385036 (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.64%
- State Street Bank and Trust Company 505103 (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.63%
- Kubota Corporation: 0.62%
- Takeda Pharmaceutical Co., Ltd.: 0.62%
- JPMCB USA Residents Pension Jasdec Lend 385051 (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.61%
- The Nomura Trust and Banking Co., Ltd. (Investment Trust Account): 0.58%
- The SMFG Employee Stockholders' Association: 0.55%
- Dresdner Bank AG (Standing agent: Dresdner Kleinwort Wasserstein (Japan) Limited): 0.54%
- The Bank of New York, Treaty JASDEC Account (Standing agent: Bank of Tokyo-Mitsubishi Ltd.'s Global Securities Service Division): 0.52%
- UFJ Trust Bank Limited (Trust Account A): 0.51%
- Sanyo Electric Co., Ltd.: 0.51%
- Japan Trustee Services Bank, Ltd. (Mitsui Asset Trust and Banking Company Retrust Portion, Toshiba Corporation Employee Pension Trust): 0.50%
- The Chase Manhattan Bank N.A. London SL Omnibus Account (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.47%
- JPMCB Omnibus USA Pension Treaty Jasdec 380052 (Standing agent: Mizuho Corporate Bank, Ltd.'s Kabutocho Custody & Proxy Department within the Settlement & Clearing Services Division): 0.46%
- The Tokyo Electric Power Company, Incorporated: 0.45%
- Mitsui Asset Trust and Banking Company, Limited (Individually Operated Designated Money Trusts): 0.44%
