Sumitomo Mitsui Financial Group Inc
Company Profile
Business description
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan’s second-largest bank after Mitsubishi UFJ Financial Group. As of March 2024, its market share of domestic loans was 7.2%, compared with 8.0% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan’s largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan’s third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.
Contact
1-2, Marunouchi 1-chome
Chiyoda-ku
Tokyo100-0005
JPNT: +81 332828111
Sector
Financial Services
Stock type
Cyclical
Industry
Banks - Diversified
Fiscal Year End
31 March 2025
Employees
129,600
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