| Market Capitalization (Millions $) |
11,650 |
| Shares
Outstanding (Millions) |
443 |
| Employees |
123,000 |
| Revenues (TTM) (Millions $) |
78,948 |
| Net Income (TTM) (Millions $) |
6,127 |
| Cash Flow (TTM) (Millions $) |
515,400 |
| Capital Exp. (TTM) (Millions $) |
2,285 |
Business Description
Sumitomo Mitsui Financial Group Inc. (SMFG) is one of the largest and most well-established financial institutions in Japan. It is a holding company that oversees the operations of several subsidiaries in the banking, securities, and asset management industries. The company was created in 2002 through the merger of two of Japan's largest banks, Sumitomo Bank and Mitsui Bank.
As of 2021, SMFG has branches and subsidiaries throughout Asia, the Americas, Europe, and the Middle East, with a network that operates in over 40 countries. SMFG has approximately 79,000 employees worldwide, and its assets under management total around $2.8 trillion.
SMFG's core business is banking. It operates through three primary banking subsidiaries: Sumitomo Mitsui Banking Corporation (SMBC), SMBC Nikko Securities, and SMBC Trust Bank. SMBC is one of the largest banks in Japan, providing various financial services to corporate and individual clients. SMBC Nikko Securities provides brokerage and investment banking services, while SMBC Trust Bank offers trust and asset management services.
SMFG also has a significant presence in the global markets through its subsidiary, Sumitomo Mitsui Financial Group, Inc., which is headquartered in New York City. This subsidiary provides a wide variety of services, including investment banking, capital markets, and asset management. SMFG has also expanded into the technology and fintech industry, investing in companies such as Paytm and Grab.
SMFG is committed to corporate social responsibility and sustainable business practices. The company has a comprehensive sustainability policy, promoting environmental and social responsibility, diversity and inclusion, and ethical business practices. SMFG has also committed to the United Nations Sustainable Development Goals, actively working towards achieving these goals.
In summary, SMFG is a large and diverse financial institution with a global presence, operating in various sectors of the financial industry, including banking, securities, and asset management. The company is committed to sustainability and social responsibility, and continues to expand its reach into new markets and industries.
Company Address: 1-2, Marunouchi 1-chome Tokyo 100
Company Phone Number: 3282-8111 Stock Exchange / Ticker: NYSE SMFG
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