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SMFG $11.81

SMFG target price
11.81
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0
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
Type
Public
Traded as TYO: 8316
NSE: 83160
NYSE: SMFG
TOPIX Core 30 Component
ISIN JP3890350006
Industry Banking, Financial services
Founded December 2, 2002 (2002-12-02)
Headquarters Chiyoda, Tokyo, Japan
Area served
Worldwide
Key people
Koichi Miyata
(Chairman)
Takeshi Kunibe
(President)
Services Personal Banking
Corporate Banking
Investment Banking
Investment Management
Wealth Management
Mortgages
Credit Cards
Revenue Increase¥3.073 trillion (2011)
Profit Increase¥550.84 billion (2011)
Total assets Increase¥9.753 trillion (2015)
Total equity Increase¥5.303 billion (2011)
Number of employees
62,379 (2011)
Subsidiaries

Sumitomo Mitsui Banking Corporation
SMFG Card & Credit Co., Ltd.
Sumitomo Mitsui Finance and Leasing Company, Limited
The Japan Research Institute, Limited

SMBC Friend Securities Co., Ltd.
Website www.smfg.co.jp (en)

Sumitomo Mitsui Banking Corporation
SMFG Card & Credit Co., Ltd.
Sumitomo Mitsui Finance and Leasing Company, Limited
The Japan Research Institute, Limited

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).

It holds assets of around US $1.8 trillion and is one of the largest financial institutions in the world.

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.

Sumitomo Mitsui Card Company, Limited, SMBC Leasing Company, Limited, and The Japan Research Institute became wholly owned subsidiaries of SMFG.

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.

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.

SMBC Friend Securities became a wholly owned subsidiary of SMFG.

SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses.

SMFG acquires Nikko Cordial, a brokerage, from Citigroup.

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.

It raises profit estimate.

Sumitomo announced that they would acquire Citigroup’s Japanese consumer banking business for a fee of around $334 million.

Sumitomo Mitsui Finance and Leasing completed the acquisition of General Electric Group's leasing business in Japan.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2022-05-13 0.00 0.00
Q3 2019 2022-02-02 0.00 0.00
Q2 2019 2019-11-13 0.00 0.29
Q1 2019 2019-07-30 0.00 0.29
Q4 2018 2019-05-15 0.00 0.11
Q3 2018 2019-01-31 0.00 0.23
Q2 2018 2018-11-14 0.00 0.31

Ratings

2016-07-06 Initiated Coverage JPMorgan Chase & Co. Overweight
2016-05-25 Downgrade Macquarie Outperform to Neutral
2016-02-04 Downgrade Citigroup Inc. Neutral to Sell
2015-06-10 Downgrade Bank of America Buy to Neutral
2015-06-10 Downgrade Bank of America Corp. Buy to Neutral
2015-05-13 Downgrade CLSA Buy to Sell
2015-05-13 Downgrade Credit Agricole Buy to Sell
2015-05-13 Downgrade Credit Agricole SA Buy to Sell
2016-07-06 Initiated Coverage JPMorgan Chase & Co. Overweight
2016-05-25 Downgrade Macquarie Outperform to Neutral
2016-02-04 Downgrade Citigroup Inc. Neutral to Sell
2015-06-10 Downgrade Bank of America Buy to Neutral
2015-06-10 Downgrade Bank of America Corp. Buy to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks